Could XpresSpa Group, Inc. (XSPA) Crash Even More? The Stock Just Made 1 Year Low

May 16, 2018 - By Margaret Downey

The stock of XpresSpa Group, Inc. (NASDAQ:XSPA) hit a new 52-week low and has $0.41 target or 5.00 % below today’s $0.43 share price. The 6 months bearish chart indicates high risk for the $11.36 million company. The 1-year low was reported on May, 16 by Barchart.com. If the $0.41 price target is reached, the company will be worth $568,100 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 28.90% or $0.1734 during the last trading session, reaching $0.4266. About 1.39M shares traded or 1385.29% up from the average. XpresSpa Group, Inc. (NASDAQ:XSPA) has declined 60.98% since May 16, 2017 and is downtrending. It has underperformed by 72.53% the S&P500.

Analysts await XpresSpa Group, Inc. (NASDAQ:XSPA) to report earnings on May, 21. They expect $-0.08 earnings per share, up 76.47 % or $0.26 from last year’s $-0.34 per share.

More recent XpresSpa Group, Inc. (NASDAQ:XSPA) news were published by: Globenewswire.com which released: “XpresSpa Group Reports First Quarter 2018 Results” on May 15, 2018. Also Seekingalpha.com published the news titled: “XpresSpa turns in quarter of expansion-driven sales growth” on May 15, 2018. Nasdaq.com‘s news article titled: “XpresSpa Group President Ed Jankowski to replace Andrew Perlman as CEO” with publication date: April 19, 2018 was also an interesting one.

XpresSpa Group, Inc. operates as a health and wellness firm in the United States and internationally. The company has market cap of $11.36 million. It offers spa services, as well as luxury travel products and accessories to air travelers. It currently has negative earnings. The firm was formerly known as FORM Holdings Corp. and changed its name to XpresSpa Group, Inc. in January 2018.

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