Before You Invest In Nxu Inc (NASDAQ:NXU), Consider This Metric

In yesterday’s Wall Street session, Nxu Inc (NASDAQ:NXU) shares traded at $0.03, down -4.12% from the previous session.

As of this writing, 1 analysts cover Nxu Inc (NASDAQ:NXU). 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 $0.03, this indicates a potential upside of 2400.0 percent. NXU stock price is now -75.95% away from the 50-day moving average and -95.27% away from the 200-day moving average. The market capitalization of the company currently stands at $2.18M.

There are 1 analysts who have given it a hold rating, whereas 0 have given it a buy rating. 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 2,357,502 shares of the company’s stock on Nov 03. The stock was sold for $791,649 at an average price of $0.34. Upon completion of the transaction, the 10% Owner now directly owns 17,999,785 shares in the company, valued at $0.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 02, 10% Owner GEM Global Yield LLC SCS sold 2,251,368 shares of the business’s stock. A total of $72,719 was realized by selling the stock at an average price of $0.03. This leaves the insider owning 20,357,287 shares of the company worth $0.61 million. Insiders disposed of 614,379 shares of company stock worth roughly $18431.37 over the past 1 year. A total of 45.55% of the company’s stock is owned by insiders.

Monday morning saw Nxu Inc (NASDAQ: NXU) opened at $0.0347. During the past 12 months, Nxu Inc has had a low of $0.03 and a high of $13.00. 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 $0.1356 and a two-hundred day moving average price translates $0.6894 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.

Related Posts