A new trading day began on Monday, with Nxu Inc (NASDAQ: NXU) stock price up 7.77% from the previous day of trading, before settling in for the closing price of $0.51. NXU’s price has ranged from $0.21 to $5.68 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged 97.96%. With a float of $11.57 million, this company’s outstanding shares have now reached $11.93 million.
The extent of productivity of a business whose workforce counts for 36 workers is very important to gauge. In terms of profitability, gross margin is -157.99%, operating margin of -5987.18%, and the pretax margin is -5175.15%.
Nxu Inc (NXU) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Electrical Equipment & Parts Industry. The insider ownership of Nxu Inc is 3.07%, while institutional ownership is 0.87%. The most recent insider transaction that took place on Dec 31 ’23, was worth 4,772. In this transaction Interim CFO of this company sold 2,179 shares at a rate of $2.19, taking the stock ownership to the 108,948 shares.
Nxu Inc (NXU) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -33 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.29 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 97.96% per share during the next fiscal year.
Nxu Inc (NASDAQ: NXU) Trading Performance Indicators
Here are Nxu Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.02. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 12.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -35.78, a number that is poised to hit -0.30 in the next quarter and is forecasted to reach -0.49 in one year’s time.
Technical Analysis of Nxu Inc (NXU)
The latest stats from [Nxu Inc, NXU] show that its last 5-days average volume of 1.36 million was inferior to 3.0 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 41.06%. Additionally, its Average True Range was 0.08.
During the past 100 days, Nxu Inc’s (NXU) raw stochastic average was set at 47.34%, which indicates a significant increase from 44.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 374.86% in the past 14 days, which was higher than the 160.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3051, while its 200-day Moving Average is $0.5141. Now, the first resistance to watch is $0.6015. This is followed by the second major resistance level at $0.6480. The third major resistance level sits at $0.7180. If the price goes on to break the first support level at $0.4850, it is likely to go to the next support level at $0.4150. The third support level lies at $0.3685 if the price breaches the second support level.
Nxu Inc (NASDAQ: NXU) Key Stats
With a market capitalization of 6.62 million, the company has a total of 12,202K Shares Outstanding. Currently, annual sales are 500 K while annual income is -40,180 K. The company’s previous quarter sales were 10 K while its latest quarter income was -6,540 K.
