XpresSpa Group Shares Face Mounting Pressure Following Meeting Cancellation

XpresSpa Group’s stock is experiencing significant downward pressure after the unexpected cancellation of its shareholder meeting. In an unusual development that has unsettled investors, the company withdrew all planned resolution proposals from consideration. The market responded decisively on Friday with a substantial price decline.

Technical Indicators Reflect Persistent Weakness

Friday’s trading session saw XWELL shares decline by 1.27%, closing at $0.99. The technical picture reveals even more concerning trends:

• Current trading price sits below the 50-day moving average of $1.08
• The 200-day moving average at $0.98 provides minimal support
• The 52-week range between $0.70 and $2.00 highlights the stock’s volatility

Analyst Sentiment Turns Increasingly Bearish

Market experts are expressing growing concerns about XpresSpa Group’s prospects. Weiss Ratings confirmed a “Sell (E+)” rating for the company’s shares on Saturday. Simultaneously, TipRanks’ artificial intelligence analyst pointed to several fundamental challenges, including negative shareholder equity, cash flow difficulties, and bearish technical signals.

Should investors sell immediately? Or is it worth buying XpresSpa Group?

The financial metrics tell a clear story: During the second quarter of 2025, XWELL recorded an operating loss of $2.7 million alongside a net loss of $2.3 million. Despite revenue growth from $7.0 million to $7.7 million, the company continues to struggle with profitability.

With fundamental challenges remaining unresolved, investors are questioning whether the quarterly results scheduled for November can reverse the current negative momentum. While the next shareholder meeting has been postponed indefinitely, the underlying issues continue to weigh heavily on market sentiment.