The stock of Nxu Inc (NXU) has gone up by 5.54% for the week, with a 14.37% rise in the past month and a -28.81% drop in the past quarter. The volatility ratio for the week is 9.95%, and the volatility levels for the past 30 days are 10.07% for NXU. The simple moving average for the past 20 days is 4.26% for NXU’s stock, with a -53.25% simple moving average for the past 200 days.
Is It Worth Investing in Nxu Inc (NASDAQ: NXU) Right Now?
Company’s 36-month beta value is 2.32.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for NXU is 11.57M, and currently, short sellers hold a 1.83% ratio of that floaft. The average trading volume of NXU on October 23, 2024 was 260.44K shares.
NXU) stock’s latest price update
The stock price of Nxu Inc (NASDAQ: NXU) has dropped by -6.26 compared to previous close of 0.28. Despite this, the company has seen a gain of 5.54% in its stock price over the last five trading days. globenewswire.com reported 2024-05-22 that Portfolio includes five issued patents and thirty-seven pending patent applications Portfolio includes five issued patents and thirty-seven pending patent applications
NXU Trading at -3.63% from the 50-Day Moving Average
After a stumble in the market that brought NXU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -96.43% of loss for the given period.
Volatility was left at 10.07%, however, over the last 30 days, the volatility rate increased by 9.95%, as shares surge +14.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.08% lower at present.
During the last 5 trading sessions, NXU rose by +5.53%, which changed the moving average for the period of 200-days by -86.42% in comparison to the 20-day moving average, which settled at $0.2526. In addition, Nxu Inc saw -88.55% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NXU starting from Wyant Sarah, who sale 2,179 shares at the price of $2.19 back on Dec 31 ’23. After this action, Wyant Sarah now owns 108,948 shares of Nxu Inc, valued at $4,772 using the latest closing price.
GEM Global Yield LLC SCS, the 10% Owner of Nxu Inc, sale 2,357,502 shares at $0.34 during a trade that took place back on Nov 03 ’23, which means that GEM Global Yield LLC SCS is holding 17,999,785 shares at $791,649 based on the most recent closing price.
Stock Fundamentals for NXU
Current profitability levels for the company are sitting at:
- -59.87 for the present operating margin
- -1.58 for the gross margin
The net margin for Nxu Inc stands at -51.75. The total capital return value is set at -3.61. Equity return is now at value -640.34, with -227.68 for asset returns.
Based on Nxu Inc (NXU), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at -9.1. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is 6071.0.
Currently, EBITDA for the company is -46.68 million with net debt to EBITDA at 0.07. When we switch over and look at the enterprise to sales, we see a ratio of 2.25. The receivables turnover for the company is 2.03for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
Conclusion
In a nutshell, Nxu Inc (NXU) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
