NextPlay Technologies (NASDAQ:NXTP) Trading Down 6%

NextPlay Technologies, Inc. (NASDAQ:NXTP)’s stock price fell 6% during mid-day trading on Friday . The stock traded as low as $0.54 and last traded at $0.55. 9,514 shares were traded during mid-day trading, a decline of 92% from the average session volume of 119,618 shares. The stock had previously closed at $0.59.

NextPlay Technologies Price Performance

The firm has a fifty day simple moving average of $0.85 and a 200-day simple moving average of $1.08. The firm has a market cap of $3.31 million, a P/E ratio of -0.07 and a beta of 2.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mogy Joel R Investment Counsel Inc. purchased a new stake in shares of NextPlay Technologies in the second quarter worth approximately $39,000. Virtu Financial LLC raised its stake in shares of NextPlay Technologies by 757.0% in the second quarter. Virtu Financial LLC now owns 133,887 shares of the company’s stock worth $47,000 after purchasing an additional 118,264 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of NextPlay Technologies in the second quarter worth approximately $60,000. Bank of New York Mellon Corp purchased a new stake in shares of NextPlay Technologies in the first quarter worth approximately $64,000. Finally, Polaris Wealth Advisory Group LLC purchased a new stake in shares of NextPlay Technologies in the third quarter worth approximately $84,000. Institutional investors own 3.29% of the company’s stock.

About NextPlay Technologies

NextPlay Technologies, Inc, a technology solutions company, provides games, in-game advertising, digital asset products and services, connected TV, and travel booking services to consumers and corporations in the United States, Puerto Rico, Europe, and Thailand. The company operates through three segments: Media, FinTech, and Travel.