XpresSpa Group’s Stock Rises 20.15%, Overvalued Market Cap

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.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life

Alex Krakowsky has 979 posts and counting. See all posts by Alex Krakowsky