The Time To Buy Nxu Inc (NASDAQ: NXU) Is Now

During the recent session, Nxu Inc (NASDAQ:NXU)’s traded shares were 0.38 million, with the beta value of the company hitting -2.65. At the last check today, the stock’s price was $0.62, reflecting an intraday gain of 12.04% or $0.07. The 52-week high for the NXU share is $2.25, that puts it down -262.9 from that peak though still a striking 66.13% gain since the share price plummeted to a 52-week low of $0.21. The company’s market capitalization is $10.48M, and the average intraday trading volume over the past 10 days was 1.32 million shares, and the average trade volume was 18.71 million shares over the past three months.

Nxu Inc (NASDAQ:NXU) trade information

Nxu Inc (NXU) registered a 12.04% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 12.04% in intraday trading to $0.62, hitting a weekly high. The stock’s 5-day price performance is 6.71%, and it has moved by 176.99% in 30 days. Based on these gigs, the overall price performance for the year is -51.19%. The short interest in Nxu Inc (NASDAQ:NXU) is 1.77 million shares and it means that shorts have 0.1 day(s) to cover.

Nxu Inc (NXU) estimates and forecasts

In the rating firms’ projections, revenue will decrease -100.00% compared to the previous financial year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 379k and 4k respectively. In this case, analysts expect current quarter sales to shrink by -100.00% and then drop by -100.00% in the coming quarter. An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -28.28%.

NXU Dividends

Nxu Inc is due to release its next quarterly earnings in February. 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 1.85%, with the float percentage being 1.91%.

Also, the Mutual Funds coming in first place with the largest holdings of Nxu Inc (NXU) shares are Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Nov 30, 2024 indicates that Fidelity Extended Market Index Fund owns about 65.44 shares. This amounts to just over 0.41 percent of the company’s overall shares, with a $40368.0 market value. The same data shows that the other fund manager holds slightly less at 8.13, or about 0.05% of the stock, which is worth about $5014.0.