Relaxation provider in airports, XpresSpa experienced stock growth by $0.1811 while the daily trading 79,028,251 became double the average daily volume. After successful deals with airports in installing COVID-19 testing sites NASDAQ: XSPA began soaring despite many airports under quarantine.
Q1 2020 financial results are not revealed yet while the Q2 report might be interesting to skim.
Since XpresSpa’s total equity became negative the market value has been jumping to 97.097 million – seriously overvalued. For years the company’s major funding comes from equity as internal financing can’t be achieved due to high operational expenses. Paid COVID-19 testing sites could make its revenue boosted for a while.