An Analysis Of Nxu Inc (NASDAQ: NXU), And Its Business Forecast

In the last trading session, 1.01 million shares of the Nxu Inc (NASDAQ:NXU) were traded, and its beta was 1.13. Most recently the company’s share price was $0.33, and it changed around -$0.02 or -4.84% from the last close, which brings the market valuation of the company to $3.94M. NXU currently trades at a discount to its 52-week high of $5.68, offering almost -1621.21% off that amount. The share price’s 52-week low was $0.21, which indicates that the current value has risen by an impressive 36.36% since then. We note from Nxu Inc’s average daily trading volume that its 10-day average is 1.52 million shares, with the 3-month average coming to 6.77 million.

Nxu Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended NXU as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Nxu Inc is expected to report earnings per share of -0.29 for the current quarter.

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Nxu Inc (NASDAQ:NXU) trade information

Instantly NXU has showed a red trend with a performance of -4.84% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.4300 on recent trading dayincreased the stock’s daily price by 23.26%. The company’s shares are currently down -85.65% year-to-date, but still down -0.30% over the last five days. On the other hand, Nxu Inc (NASDAQ:NXU) is 26.05% up in the 30-day period. We can see from the shorts that 1.77 million shares have been sold at a short interest cover period of 0.1 day(s).

Nxu Inc (NXU) estimates and forecasts

The year-over-year growth rate is expected to be -100.00%, down from the previous year.

The company’s sales for the same quarters a year ago were 379k and 4k respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -100.00%. Forecasts for the next quarter put sales growth at -100.00%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -28.28%.

NXU Dividends

Nxu Inc’s next quarterly earnings report is expected to be released on 2024-Aug-06.

Nxu Inc (NASDAQ:NXU)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 2.99% of Nxu Inc shares, and 1.85% of them are in the hands of institutional investors. The stock currently has a share float of 1.91%.