Nxu Inc (NASDAQ:NXU) Risks You Should Know Before Investing

The price of Nxu Inc (NASDAQ:NXU) shares last traded on Wall Street fell -7.49% to $0.02.

Based on available information, 1 analysts follow 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 -75.69% away from the 50-day moving average and -95.29% away from the 200-day moving average. The market capitalization of the company currently stands at $1.65M.

Top 5 Artificial Intelligence Stocks to Buy for 2024

By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it. According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."

Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"

Sponsored

Among analysts, 1 rate the stock a hold while 0 rate it a buy. 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 $0.36 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 $0.41 million. Insiders disposed of 7,198,578 shares of company stock worth roughly $0.14 million over the past 1 year. A total of 59.48% of the company’s stock is owned by insiders.

A candlestick chart of Nxu Inc (NASDAQ: NXU) showed a price of $0.0269 on Monday morning. During the past 12 months, Nxu Inc has had a low of $0.03 and a high of $11.30. The fifty day moving average price for NXU is $0.1016 and a two-hundred day moving average price translates $0.5248 for the stock.

The latest earnings results from Nxu Inc (NASDAQ: NXU) was released for Sep, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at -$0.22, missing analysts’ expectations of -$0.16 by -0.06. This compares to -$2.06 EPS in the same period last year. The net profit margin was -47458.97% and return on equity was -11220.21% for NXU.

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