Nixxy Inc (NASDAQ: NIXX) has experienced a decline in its stock price by -9.23 compared to its previous closing price of 4.55. However, the company has seen a gain of 2.23% in its stock price over the last five trading days. accessnewswire.com reported 2025-01-21 that NEW YORK, NY / ACCESS Newswire / January 21, 2025 / Nixxy, Inc, (NASDAQ:NIXX), or “Nixxy” or the “Company,” today announced it has commenced a private offering (the “Offering”), subject to market and other conditions, of up to $50 million aggregate principal amount of its zero-coupon convertible notes to certain accredited investors, with a maturity date on the one year anniversary date of the date of issuance (the “notes”). The notes will have a conversion price of $7.50 per share of common stock of the Company (the “Common Stock”), with the aggregate principal amount of such notes that can be converted at such conversion price being determined based on a historical volume weighted average price of Bitcoin.
Is It Worth Investing in Nixxy Inc (NASDAQ: NIXX) Right Now?
Additionally, the 36-month beta value for NIXX is 1.04. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for NIXX is 14.80M and currently, short sellers hold a 0.48% ratio of that float. The average trading volume of NIXX on January 23, 2025 was 388.47K shares.
NIXX’s Market Performance
NIXX stock saw a decrease of 2.23% in the past week, with a monthly decline of -11.18% and a quarterly a decrease of 46.98%. The volatility ratio for the week is 9.80%, and the volatility levels for the last 30 days are 14.54% for Nixxy Inc (NIXX). The simple moving average for the past 20 days is -16.39% for NIXX’s stock, with a 60.21% simple moving average for the past 200 days.
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 1.26% 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 -51.41% of loss for the given period.
Volatility was left at 14.54%, however, over the last 30 days, the volatility rate increased by 9.80%, as shares sank -4.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +50.18% upper at present.
During the last 5 trading sessions, NIXX rose by +2.23%, which changed the moving average for the period of 200-days by +154.94% in comparison to the 20-day moving average, which settled at $4.94. In addition, Nixxy Inc saw -21.48% 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 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 seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as 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.
