Nexalin Technology, Inc.NXL

$0.37-0.03 (-6.36%)
NASDAQHealthcare24:00 UTC

Company snapshot

Market Cap
$7M
Micro-cap
-21%
2022 — today
10-Year Price
-74%
2022 — today
52-Week Range
$0.32$1.86
Current $0.37· 3%

Nexalin Technology, Inc. operates as a medical device firm specializing in the creation and advancement of neurostimulation therapies for mental health conditions in both the United States and China. The company commercializes its primary product, the Nexalin Device, which provides a non-invasive and drug-free treatment for anxiety and insomnia. This device functions by emitting a proprietary frequency-based waveform designed to elicit a beneficial response from mid-brain structures associated with various psychological disorders. Furthermore, Nexalin Technology is currently developing "Generation 2," a new medical device undergoing clinical trials. This future product aims to address a broader spectrum of health issues, including opiate addiction, persistent pain, Alzheimer's disease, and dementia. The company was founded in 2021 and has its headquarters in Houston, Texas.

Valuation in context

P/E ratio
-0.8
N/A
Not meaningful — company is unprofitable
P/B ratio
2.5
Around average
Around the 10-year average
FCF Yield
-72.6%
Historically low
Historically low relative to the last 10 years
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