Nexalin Technology, Inc., a medical device company, designs and develops neurostimulation products for the treatment of mental health in the United States and China. It licenses and markets Nexalin Device, a non-invasive and drug-free therapy for the treatment of anxiety and insomnia. The company's Nexalin device emits a patented frequency-based waveform, which stimulates a positive response from the mid-brain structures associated with various mental health disorders. It also engages in the development of Generation 2, a medical device that is in clinical trials for the treatment of substance abuse issues related to opiates, chronic pain, Alzheimer's disease, and dementia. The company was incorporated in 2021 and is headquartered in Houston, Texas.
General Outlook
In simple terms, Nexalin Technology, Inc. has 256.967 M shares that people are buying and selling right now. When we look at how much money they make before expenses, they keep 0.788% as profit. This shows they're good at controlling costs and are financially stable. Their operating profit, which is money made from regular business activities, is -37.248%. This means they run their business efficiently. Lastly, after paying all their bills, they still have a profit of -35.616%. This tells us they're good at keeping money after all costs.
Return on Investments
The company's asset efficiency, represented by a robust -1.033% return, is a testament to Nexalin Technology, Inc.'s adeptness in optimizing resource deployment. Nexalin Technology, Inc.'s utilization of its assets to generate profits is strikingly evident through a noteworthy return on equity of -1.051%. Furthermore, the proficiency of Nexalin Technology, Inc. in capital utilization is underscored by a remarkable -1.480% return on capital employed.
Stock Prices
Nexalin Technology, Inc.'s stock prices have been subject to undulating patterns. The peak stock value during this interval surged to $0.0301, while its low point bottomed out at $0.02. This variance in figures offers investors a lucid insight into the roller-coaster ride that is Nexalin Technology, Inc.'s stock market.
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