Nxu Inc (NASDAQ: NXU) Surprises Bears, Looks Strong In The Long Term

In the last trading session, 1.62 million Nxu Inc (NASDAQ:NXU) shares changed hands as the company’s beta touched -2.31. With the company’s per share price at $0.69 changed hands at -$0.06 or -7.80% during last session, the market valuation stood at $11.61M. NXU’s last price was a discount, traded about -226.09% off its 52-week high of $2.25. The share price had its 52-week low at $0.21, which suggests the last value was 69.57% up since then. When we look at Nxu Inc’s average trading volume, we note the 10-day average is 69.55 million shares, with the 3-month average coming to 18.28 million.

Nxu Inc (NASDAQ:NXU) trade information

Instantly NXU was in red as seen at the end of in last trading. With action -3.88%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -35.20%, with the 5-day performance at -3.88% in the red. However, in the 30-day time frame, Nxu Inc (NASDAQ:NXU) is 177.20% up. Looking at the short shares, we see there were 1.77 million shares sold at short interest cover period of 0.1 days.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -28.28%.

NXU Dividends

Nxu Inc is expected to release its next quarterly earnings report in February.

Nxu Inc (NASDAQ:NXU)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 2.99% of Nxu Inc shares while 1.85% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 1.91%.