The stock of Nixxy Inc (NIXX) has seen a 26.90% increase in the past week, with a 60.15% gain in the past month, and a 93.32% flourish in the past quarter. The volatility ratio for the week is 21.47%, and the volatility levels for the past 30 days are at 13.39% for NIXX. The simple moving average for the last 20 days is 38.61% for NIXX stock, with a simple moving average of 101.84% for the last 200 days.
Is It Worth Investing in Nixxy Inc (NASDAQ: NIXX) Right Now?
The 36-month beta value for NIXX is at 1.14. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for NIXX is 14.77M, and currently, shorts hold a 0.47% of that float. The average trading volume for NIXX on December 11, 2024 was 1.22M shares.
NIXX) stock’s latest price update
Nixxy Inc (NASDAQ: NIXX)’s stock price has decreased by -6.47 compared to its previous closing price of 4.64. However, the company has seen a 26.90% increase in its stock price over the last five trading sessions. accesswire.com reported 2024-12-04 that NEW YORK, NY / ACCESSWIRE / December 4, 2024 / Nixxy, Inc. (NASDAQ:NIXX), or “the Company”, today announced that it is withdrawing the previously announced record date for its planned spin-off of its subsidiary, Atlantic Energy Solutions (OTC:AESO) (“AESO”), or CognoGroup, the anticipated future name of the Company following the spinoff. Key Details Original Announcement Original Record Date: November 15, 2024 Originally Announced Spin-Off Date: TBD Original Distribution Ratio: TBD Reason for Withdrawal The decision to withdraw the record date is based on: Ongoing strategic evaluation of the corporate structure Pending additional regulatory reviews Optimization of shareholder value Alignment with broader strategic objectives Next Steps The company will provide an updated timeline in a subsequent announcement Shareholders are advised to await further communication All previously disclosed information remains subject to review Management Commentary “The Company believes that the withdrawal of the record date for the CognoGroup spinoff will afford the Company with the additional time to better align with its corporate aims, allow for the orderly distribution of the CognoGroup shares and maximize shareholder value.
Analysts’ Opinion of NIXX
Many brokerage firms have already submitted their reports for NIXX stocks, with Maxim Group repeating the rating for NIXX by listing it as a “Buy.” The predicted price for NIXX in the upcoming period, according to Maxim Group is $9 based on the research report published on December 09, 2021 of the previous year 2021.
NIXX Trading at 51.24% from the 50-Day Moving Average
After a stumble in the market that brought NIXX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.94% of loss for the given period.
Volatility was left at 13.39%, however, over the last 30 days, the volatility rate increased by 21.47%, as shares surge +63.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +71.20% upper at present.
During the last 5 trading sessions, NIXX rose by +25.15%, which changed the moving average for the period of 200-days by +151.76% in comparison to the 20-day moving average, which settled at $3.13. In addition, Nixxy Inc saw 185.53% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NIXX starting from GoLogiq, Inc., who proposed sale 126,970 shares at the price of $2.75 back on Nov 06 ’24. After this action, GoLogiq, Inc. now owns shares of Nixxy Inc, valued at $349,168 using the latest closing price.
Stock Fundamentals for NIXX
Equity return is now at value -389.77, with -149.68 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.58.
Conclusion
In conclusion, Nixxy Inc (NIXX) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
