In yesterday’s Wall Street session, Nxu Inc (NASDAQ:NXU) shares traded at $0.04, down -6.98% from the previous session.
1 analysts cover Nxu Inc (NASDAQ:NXU), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $0.75 and a low of $0.75, we find $0.75. Given the previous closing price of $0.04, this indicates a potential upside of 1775.0 percent. NXU stock price is now -75.51% away from the 50-day moving average and -95.55% away from the 200-day moving average. The market capitalization of the company currently stands at $2.76M.
The stock has received a hold rating from 1 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $0.75 as their price target over the next twelve months.
In other news, GEM Global Yield LLC SCS, 10% Owner sold 84,383 shares of the company’s stock on Oct 13. The stock was sold for $7,527 at an average price of $0.09. Upon completion of the transaction, the 10% Owner now directly owns 33,496,306 shares in the company, valued at $1.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 12, 10% Owner GEM Global Yield LLC SCS sold 69,311 shares of the business’s stock. A total of $5,781 was realized by selling the stock at an average price of $0.08. This leaves the insider owning 33,580,689 shares of the company worth $1.34 million. Insiders disposed of 614,379 shares of company stock worth roughly $24575.16 over the past 1 year. A total of 45.55% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NXU stock. A new stake in Nxu Inc shares was purchased by BARCLAYS PLC during the first quarter worth $2,000. CUBIST SYSTEMATIC STRATEGIES, LLC invested $1,000 in shares of NXU during the first quarter. In the first quarter, MARIPAU WEALTH MANAGEMENT LLC acquired a new stake in Nxu Inc valued at approximately $1,000. ARISTIDES CAPITAL LLC acquired a new stake in NXU for approximately $1,000. BANK OF MONTREAL /CAN/ purchased a new stake in NXU valued at around $1,000 in the second quarter.
On Monday morning Nxu Inc (NASDAQ: NXU) stock kicked off with the opening price of $0.0492. During the past 12 months, Nxu Inc has had a low of $0.04 and a high of $19.37. As of last week, the company has a debt-to-equity ratio of 4.85, a current ratio of 1.40, and a quick ratio of 1.15. The fifty day moving average price for NXU is $0.1686 and a two-hundred day moving average price translates $0.9285 for the stock.
The latest earnings results from Nxu Inc (NASDAQ: NXU) was released for Jun, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at -$0.4, beating analysts’ expectations of -$0.55 by 0.15. This compares to -$2.06 EPS in the same period last year. The company reported revenue of $14.62 million for the quarter, compared to $17.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.17 percent.
Nxu Inc(NXU) Company Profile
Nxu, Inc. manufactures and markets battery cells and packs, megawatt charging stations, and residential and commercial battery energy storage systems in the United States. It offers QCell, a single cell battery solution; Qube battery packs for mobility products, residential and commercial energy storage systems, and charging infrastructure applications; and Qube+, an energy storage solution designed to store and deliver energy at homes, business, and utility applications. Nxu, Inc. was incorporated in 2016 and is headquartered in Mesa, Arizona.
