HC Wainwright Cuts Nextech3D.AI (OTCMKTS:NEXCF) Price Target to $0.25

Nextech3D.AI (OTCMKTS:NEXCF) had its price target lowered by HC Wainwright from $0.50 to $0.25 in a research note published on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock. HC Wainwright also issued estimates for Nextech3D.AI’s FY2024 earnings at ($0.05) EPS.

Nextech3D.AI Price Performance

Shares of NEXCF opened at $0.06 on Wednesday. The company’s 50-day moving average is $0.08 and its 200-day moving average is $0.09. Nextech3D.AI has a fifty-two week low of $0.05 and a fifty-two week high of $0.23.

Nextech3D.AI (OTCMKTS:NEXCF) last issued its quarterly earnings data on Thursday, August 29th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $0.81 million for the quarter, compared to analyst estimates of $0.87 million. Nextech3D.AI had a negative net margin of 388.76% and a negative return on equity of 1,252.11%. As a group, equities research analysts anticipate that Nextech3D.AI will post -0.07 EPS for the current fiscal year.

About Nextech3D.AI

Nextech3D.AI Corporation provides augmented reality technologies, wayfinding technologies, and 3D model services. It focuses on creating 3D WebAR photorealistic models for the prime ecommerce marketplace, as well as other online retailers. The company was formerly known as NexTech AR Solutions Corp. and changed its name to Nextech3D.AI Corporation in September 2023.