Notable News Spotlight: XpresSpa Group, Inc. (Nasdaq: XSPA)

XpresSpa Group, Inc. (Nasdaq: XSPA) spotted trading -81.62% off 52-week high price. On the other end, the stock has been noted 2.67% away from the low price over the last 52-weeks. The stock changed -7.23% to recent value of $1.54. The stock transacted 305480 shares during most recent day however it has an average volume of 370.18K shares. The company has 2.06M of outstanding shares and 1.72M shares were floated in the market.  

XpresSpa Group, Inc. (Nasdaq: XSPA), a health and wellness holding company, publically responded to a lawsuit brought by Moreton Binn and Marisol Binn with the following statement:

“After the Binns’ first lawsuit against XpresSpa was dismissed by the court, these same disgruntled founders, who were terminated by the Company because of the many improprieties that they committed, now bring yet another frivolous lawsuit. Once again, their claims are completely without merit and made in an effort to undermine XpresSpa, Board members, and the Company’s lender.”

“It is also unfortunate that attempts have been made to tarnish the reputation of select Board members and external partners like Brian Daly, managing partner of B3D, to whom we owe a great deal of gratitude for his ongoing support of the business at critical times over the years. Brian Daly and his company B3D are a sterling example of a respected lender who has repeatedly stepped up and provided financing and amended existing agreements to keep XpresSpa viable for its employees and shareholders alike.”

 Its earnings per share (EPS) expected to touch remained -449.20% for this year while earning per share for the next 5-years is expected to reach at 20.00%. XSPA has a gross margin of 22.00% and an operating margin of -27.70% while its profit margin remained -32.70% for the last 12 months. 

 According to the most recent quarter its current ratio was 0.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of -18.80% from the mean of 20 days, -27.91% from mean of 50 days SMA and performed -50.44% from mean of 200 days price. Company’s performance for the week was -24.88%, -9.52% for month and YTD performance remained -50.64%.

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