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

Nextech3D.AI (OTCMKTS:NEXCF) had its target price cut by analysts at HC Wainwright from $0.50 to $0.25 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price objective indicates a potential upside of 315.97% from the stock’s previous close.

Nextech3D.AI Stock Down 8.2 %

Shares of NEXCF stock opened at $0.06 on Wednesday. Nextech3D.AI has a 52 week low of $0.05 and a 52 week high of $0.25. The firm’s 50-day simple moving average is $0.08 and its two-hundred day simple moving average is $0.09.

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

Nextech3D.AI Company Profile

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.