XSPA Share Price | XWELL, Inc. Stock Analysis & Recommendation

Q: Is XWELL, Inc. overvalued or undervalued?

As of 15 August 2022, the valuation grade for XWELL, Inc. moved from fair to risky, indicating a significant deterioration in its valuation outlook. The company appears to be overvalued given its negative price-to-book value of -0.86 and an EV to EBITDA ratio of 0.28, which suggests that the market is not pricing in the company's financial health appropriately. Additionally, the return on capital employed (ROCE) is exceptionally high at 96.86%, but this is overshadowed by the overall negative financial metrics.In comparison to its peers, XWELL, Inc. has a P/E ratio of -0.3332, while Afya Ltd. is considered attractive with a P/E of 11.8061, and Despegar.com Corp. is deemed expensive at 51.8610. The stark contrast in valuation ratios highlights XWELL's challenging position within the industry. Furthermore, the company's stock has significantly underperformed against the S&P 500, with a year-to-date return of -27.54% compared to the index's 12.22%, reinforcing the perception of overvaluation.

Q: Is XWELL, Inc. technically bullish or bearish?

As of 12 September 2025, the technical trend for XWELL, Inc. has changed from mildly bearish to bearish. The current technical stance is bearish with weak strength indicated by the mixed signals across different time frames. The MACD shows mildly bullish readings on both weekly and monthly charts, while the Bollinger Bands indicate a bearish monthly trend. The daily moving averages are mildly bullish, but the KST shows a bullish weekly signal contrasted by a bearish monthly signal. The OBV is mildly bearish on a monthly basis, and Dow Theory indicates no trend in both weekly and monthly time frames. In terms of performance, XWELL has significantly underperformed against the S&P 500 across multiple periods, with a year-to-date return of -27.54% compared to the S&P 500's 12.22%, and a one-year return of -41.80% versus 17.14%.

Q: How big is XWELL, Inc.?

Market Cap: As of Jun 18, XWELL, Inc. has a market capitalization of 4.73 million, classifying it as a Micro Cap company.Recent Quarterly Performance: For the latest four quarters, XWELL, Inc. reported net sales of 32.19 million and a net profit of -18.73 million.Balance Sheet Snapshot: As of Dec 24, the company reported shareholder's funds of -0.79 million and total assets of 25.35 million.

Q: What does XWELL, Inc. do?

Overview:XWELL, Inc. is a health and wellness holding company focused on providing spa services and luxury travel products, operating within the Tour, Travel Related Services industry and classified as a micro-cap company.Financial Snapshot:Most recent Net Sales: 7 Million (Quarterly Results - Mar 2025) Most recent Net Profit: -5 Million (Quarterly Results - Mar 2025) Market cap: USD 4.73 Million (Micro Cap)Key Metrics:P/E: NA (Loss Making) Industry P/E: NA Dividend Yield: 0.00% Debt Equity: 1.41 Return on Equity: 302.33% Price to Book: -0.82 Contact Details:Address: 254 WEST 31ST STREET, 11TH FLOOR, NEW YORK NY: 10001 Tel: 1 212 3097549 Fax: 1 845 8183588 Website: http://xpresspagroup.com/

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

4.24 k

Shareholding (Mar 2026)

FII

0.46%

Held by 6 FIIs

DII

99.54%

Held by 3 DIIs

Promoter

0.00%

Is XWELL, Inc. overvalued or undervalued?

20-Sep-2025

As of August 15, 2022, XWELL, Inc. is considered risky due to its negative price-to-book value of -0.86 and a low EV to EBITDA ratio of 0.28, despite a high ROCE of 96.86%, while its P/E ratio of -0.3332 contrasts sharply with peers like Afya Ltd. at 11.81, and the company's stock has underperformed the S&P 500 with a year-to-date return of -27.54%.

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Is XWELL, Inc. technically bullish or bearish?

20-Sep-2025

As of September 12, 2025, XWELL, Inc. is in a bearish trend with mixed technical signals, underperforming the S&P 500 significantly, showing a year-to-date return of -27.54% compared to the S&P's 12.22%.

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How big is XWELL, Inc.?

22-Jun-2025

As of Jun 18, XWELL, Inc. has a market capitalization of 4.73 million, with net sales of 32.19 million and a net profit of -18.73 million over the last four quarters. The company reported shareholder's funds of -0.79 million and total assets of 25.35 million as of Dec 24.

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What does XWELL, Inc. do?

22-Jun-2025

XWELL, Inc. is a health and wellness holding company that provides spa services and luxury travel products, classified as a micro-cap company with a market cap of $4.73 million. As of March 2025, it reported net sales of $7 million and a net loss of $5 million.

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Who are in the management team of XWELL, Inc.?

22-Jun-2025

As of March 2022, the management team of XWELL, Inc. includes Mr. Bruce Bernstein (Independent Chairman), Mr. Douglas Satzman (CEO and Director), and Independent Directors Mr. Michael Lebowitz, Mr. Donald Stout, and Mr. Robert Weinstein. They oversee the company's strategic direction and operations.

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Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Poor Management Efficiency with a low ROE of 0.50%

The company has been able to generate a Return on Equity (avg) of 0.50% signifying low profitability per unit of shareholders funds

Flat results in Mar 26

Risky -

Mojo Parameters

Stock DNA

Industry

Tour, Travel Related Services

Market cap

USD 7 Million (Micro Cap)

P/E

NA (Loss Making)

Industry P/E

Dividend Yield

0.00%

Debt Equity

0.29

Return on Equity

221.32%

Price to Book

-1.09

Revenue and Profits:

Net Sales:

7 Million

(Quarterly Results - Mar 2026)

Net Profit:

-11 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-18.52%

6 Months

74.6%

1 Year

18.28%

2 Years

-33.73%

3 Years

400.0%

4 Years

-92.86%

5 Years

-96.56%

XWELL, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

9.32%

EBIT Growth (5y)

8.86%

EBIT to Interest (avg)

-14.95

Debt to EBITDA (avg)

Negative Net Debt

Net Debt to Equity (avg)

1.41

Sales to Capital Employed (avg)

0.48

Tax Ratio

0.26%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

9.11%

ROCE (avg)

69.52%

ROE (avg)

0.50%

Valuation key factors

Factor

Value

P/E Ratio

NA (Loss Making)

Industry P/E

Price to Book Value

-1.09

EV to EBIT

-0.51

EV to EBITDA

-0.63

EV to Capital Employed

-0.63

EV to Sales

0.17

PEG Ratio

Dividend Yield

ROCE (Latest)

Negative Capital Employed

ROE (Latest)

Negative BV

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bullish

Mildly Bullish

RSI

Bearish

No Signal

Bollinger Bands

Mildly Bullish

Moving Averages

Bullish (Daily)

KST

Bullish

Bearish

Dow Theory

No Trend

Mildly Bullish

OBV

Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Mar 2026

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 2 Schemes (2.46%)

Foreign Institutions

Held by 6 Foreign Institutions (0.46%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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        "Dec'25",
        "Dec'24",
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          "val1": "-7.60",
          "val2": "-9.80",
          "chgp": "22.45%",
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        {
          "field": "Interest",
          "val1": "0.10",
          "val2": "0.20",
          "chgp": "-50.00%",
          "chgp_class": "positive"
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          "val1": "-3.10",
          "val2": "-4.20",
          "chgp": "26.19%",
          "chgp_class": "positive"
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          "val1": "-18.40",
          "val2": "-16.50",
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Quarterly Results Snapshot (Consolidated) - Mar'26 - QoQ

Mar'26

Dec'25

Change(%)

Net Sales

6.60

7.20

-8.33%

Operating Profit (PBDIT) excl Other Income

-5.20

-2.70

-92.59%

Interest

0.00

Exceptional Items

-5.60

-6.40

12.50%

Consolidate Net Profit

-11.00

-11.60

5.17%

Operating Profit Margin (Excl OI)

-815.60%

-450.70%

-36.49%

USD in Million.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Mar 2026 is -8.33% vs -1.37% in Dec 2025

Consolidated Net Profit

QoQ Growth in quarter ended Mar 2026 is 5.17% vs -5,700.00% in Dec 2025

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

29.20

33.90

-13.86%

Operating Profit (PBDIT) excl Other Income

-7.60

-9.80

22.45%

Interest

0.10

0.20

-50.00%

Exceptional Items

-3.10

-4.20

26.19%

Consolidate Net Profit

-18.40

-16.50

-11.52%

Operating Profit Margin (Excl OI)

-320.30%

-357.00%

3.67%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2025 is -13.86% vs 12.62% in Dec 2024

Consolidated Net Profit

YoY Growth in year ended Dec 2025 is -11.52% vs 41.07% in Dec 2024

All Annual Results

Company CV

About XWELL, Inc.

XWELL, Inc.

Tour, Travel Related Services

XpresSpa Group, Inc., formerly FORM Holdings Corp., is a health and wellness holding company. The Company is focused on providing spa services, as well as luxury travel products and accessories. The Company's holdings include Fli Charge, Infomedia and Intellectual Property Assets. Fli Charge designs, develops, licenses, manufactures and markets wire-free conductive power and charging solutions. Infomedia is a provider of customer relationship management and monetization technologies to mobile carriers and device manufacturers. The Company's airport spa has 57 locations in 23 airports globally and one off-airport spa at Westfield World Trade Center in New York City.The Company's Intellectual Property division consists of a portfolio of approximately 600 patents and patent applications covering telecom infrastructure, Internet search, advertising-insertion, mobile and wire-free charging technologies.

Company Coordinates

Company Details

254 WEST 31ST STREET, 11TH FLOOR , NEW YORK NY : 10001

Tel: 1 212 3097549

http://xpresspagroup.com/

Registrar Details