XWELL (NASDAQ:XWEL) Trading 0.6% Higher – Here’s What Happened

Shares of XWELL, Inc. (NASDAQ:XWEL) traded up 0.6% during mid-day trading on Friday . The stock traded as high as $0.9756 and last traded at $0.9756. 16,438 shares changed hands during trading, a decline of 58% from the average daily volume of 39,345 shares. The stock had previously closed at $0.97.

Analyst Upgrades and Downgrades

XWEL has been the subject of a number of analyst reports. Weiss Ratings upgraded XWELL from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 24th. Wall Street Zen downgraded XWELL from a “hold” rating to a “sell” rating in a report on Sunday, May 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

XWELL Trading Up 0.6%

The company has a market capitalization of $8.24 million, a price-to-earnings ratio of -0.18 and a beta of 1.00. The company has a 50-day moving average of $1.01 and a 200-day moving average of $1.15.

XWELL (NASDAQ:XWEL) last released its earnings results on Friday, August 14th. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($1.00) by $0.74. XWELL had a negative net margin of 82.90% and a negative return on equity of 1,091.48%. The company had revenue of $7.14 million during the quarter, compared to analysts’ expectations of $2.37 million.

About XWELL

XWELL, Inc provides health and wellness services in airport and off airport marketplaces in the United States and internationally. It operates in four segments: XpresSpa, XpresTest, Naples Wax Center, and Treat. The XpresSpa segment traveler's spa services, including massage, nail, and skin care services, as well as spa and travel products. The XpresTest segment offers diagnostic COVID-19 tests at XpresCheck Wellness Centers in airports, to airport employees and to the traveling public but has transitioned to the CDC's bio-surveillance program; and provides marketing support through HyperPointe business to various health and health-related channels.