Nxu Inc (NASDAQ: NXU) Drops -1013.73% From Highs, Now What?

During the last session, Nxu Inc (NASDAQ:NXU)’s traded shares were 0.73 million, with the beta value of the company hitting 1.22. At the end of the trading day, the stock’s price was $0.51, reflecting an intraday loss of -2.83% or -$0.02. The 52-week high for the NXU share is $5.68, that puts it down -1013.73 from that peak though still a striking 58.82% gain since the share price plummeted to a 52-week low of $0.21. The company’s market capitalization is $0.13M, and the average intraday trading volume over the past 10 days was 41.1 million shares, and the average trade volume was 6.56 million shares over the past three months.

Nxu Inc (NASDAQ:NXU) trade information

Nxu Inc (NXU) registered a -2.83% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.83% in intraday trading to $0.51, hitting a weekly high. The stock’s 5-day price performance is -16.50%, and it has moved by 86.93% in 30 days. Based on these gigs, the overall price performance for the year is -89.58%. The short interest in Nxu Inc (NASDAQ:NXU) is 0.44 million shares and it means that shorts have 0.97 day(s) to cover.

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Nxu Inc (NXU) estimates and forecasts

Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 99.10% this quarter and then jump 99.70% in the quarter after that.

As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 117k and 379k respectively.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -28.28%. While earnings are projected to return 97.96% in 2024.

NXU Dividends

Nxu Inc is due to release its next quarterly earnings on 2024-Aug-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Nxu Inc (NASDAQ:NXU)’s Major holders

Nxu Inc insiders own 2.99% of total outstanding shares while institutional holders control 1.86%, with the float percentage being 1.92%.