Zacks Small Cap Equities Analysts Reduce Earnings Estimates for NexTech AR Solutions Corp. (OTCMKTS:NEXCF)

NexTech AR Solutions Corp. (OTCMKTS:NEXCF – Free Report) – Stock analysts at Zacks Small Cap reduced their Q3 2023 EPS estimates for NexTech AR Solutions in a research note issued on Tuesday, August 1st. Zacks Small Cap analyst L. Thompson now forecasts that the company will earn ($0.03) per share for the quarter, down from their prior forecast of ($0.02). The consensus estimate for NexTech AR Solutions’ current full-year earnings is ($0.13) per share. Zacks Small Cap also issued estimates for NexTech AR Solutions’ Q4 2023 earnings at ($0.03) EPS and FY2023 earnings at ($0.15) EPS.

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Separately, HC Wainwright reiterated a “buy” rating and issued a $2.50 price target on shares of NexTech AR Solutions in a research note on Friday, April 21st.

NexTech AR Solutions Price Performance

Shares of NexTech AR Solutions stock opened at $0.30 on Friday. NexTech AR Solutions has a 52 week low of $0.28 and a 52 week high of $0.96. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $0.43 and its two-hundred day moving average is $0.49.

NexTech AR Solutions (OTCMKTS:NEXCF – Get Free Report) last released its earnings results on Thursday, May 18th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $0.96 million for the quarter, compared to analysts’ expectations of $1.11 million.

About NexTech AR Solutions

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NexTech AR Solutions Corp. 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 incorporated in 2018 and is headquartered in Toronto, Canada.

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