XpresSpa Group (NASDAQ:XSPA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday, June 21st.
According to Zacks, “XpresSpa Group, Inc. operates as a health and wellness company. It provides airport spa, cryotherapy, compression therapy and salt chambers solutions. The company also offers travel products and accessories. It operates primarily in the United States, Holland and the United Arab Emirates. XpresSpa Group Inc., formerly known as FORM Holdings Corp., is based in New York, United States. “
Separately, ValuEngine upgraded shares of XpresSpa Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd.
Shares of XpresSpa Group opened at $0.29 on Thursday, Marketbeat reports. The company has a market cap of $10.97 million, a PE ratio of -0.39 and a beta of -0.69. XpresSpa Group has a 1-year low of $0.29 and a 1-year high of $1.80. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 0.30.
XpresSpa Group (NASDAQ:XSPA) last announced its quarterly earnings results on Tuesday, May 15th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.06). XpresSpa Group had a negative net margin of 92.08% and a negative return on equity of 34.38%. The business had revenue of $12.60 million during the quarter, compared to analyst estimates of $12.24 million. research analysts forecast that XpresSpa Group will post -0.31 earnings per share for the current year.
In other XpresSpa Group news, CEO Edward Jankowski acquired 100,000 shares of the company’s stock in a transaction on Tuesday, June 12th. The shares were purchased at an average cost of $0.45 per share, with a total value of $45,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 26.40% of the stock is currently owned by company insiders.
A hedge fund recently bought a new stake in XpresSpa Group stock. BlackRock Inc. bought a new position in XpresSpa Group Inc (NASDAQ:XSPA) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 301,383 shares of the company’s stock, valued at approximately $217,000. BlackRock Inc. owned approximately 1.13% of XpresSpa Group as of its most recent SEC filing. Institutional investors own 23.39% of the company’s stock.
About XpresSpa Group
XpresSpa Group, Inc operates as a health and wellness company in the United States and internationally. It offers spa services, as well as luxury travel products and accessories to air travelers. The company was formerly known as FORM Holdings Corp. and changed its name to XpresSpa Group, Inc in January 2018.
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