Walleye Capital LLC recently announced the acquisition of new stake in Nxu Inc (NASDAQ:NXU). This fresh investment now brings its stake to 0.60% valued currently at $45794.0. In addition, The Vanguard Group, Inc. raised its holdings by 0.41 million to 0.41 million shares. And Geode Capital Management LLC has lifted its position by 23.10% or 49452.0 shares – to 0.26 million shares.
With over 44.12 million Nxu Inc (NXU) shares trading Friday and a closing price of $0.02 on the day, the dollar volume was approximately $0.88 million. The shares have shown a negative half year performance of -96.67% and its price on 12/08/23 lost nearly -11.06%. Currently, there are 66.86M common shares owned by the public and among those 32.78M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for NXU have a consensus price objective of $0.75. The analysts have set the share’s price value over the next 12 months at a high of $0.75 and a low of $0.75. The average price target is 97.33% above its recent price level and an upside to the estimated low will see the stock gain 97.33% over that period. But an upside of 97.33% will see the stock hit the forecast high price target while median target price for the stock is $0.75.
Insiders at the company have transacted a total of 52 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 5,127,246 shares. Insider sales of the common stock occurred on 29 occasions, with total insider shares sold totaling 17,755,671 shares.
The top 3 mutual fund holders in Nxu Inc are Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and Vanguard Total Stock Market ETF. Vanguard Extended Market Index Fu owns 0.23 million shares of the company’s stock, all valued at over $7895.0. Vanguard Total Stock Market ETF now owns shares totaling to 0.08% of the shares outstanding.
However, the script later moved the day high at 0.0210, down -11.06%. The company’s stock has a 5-day price change of -8.53% and -89.22% over the past three months. NXU shares are trading -99.41% year to date (YTD), with the 12-month market performance down to -99.79% lower. It has a 12-month low price of $0.02 and touched a high of $11.30 over the same period. NXU has an average intraday trading volume of 34.31 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -20.87%, -68.45%, and -95.07% respectively.
Institutional ownership of Nxu Inc (NASDAQ: NXU) shares accounts for 4.22% of the company’s 66.86M shares outstanding. Mutual fund holders own 0.92%, while other institutional holders and individual stakeholders account for 25.56% and 0.33% respectively.
It has a market capitalization of $1.29M and a beta (3y monthly) value of 2.47. The earnings-per-share (ttm) stands at -$3.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 29.59% over the week and 19.96% over the month.
Analysts forecast that Nxu Inc (NXU) will achieve an EPS of -$0.1 for the current quarter, -$0.08 for the next quarter and -$0.24 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.1 while analysts give the company a high EPS estimate of -$0.1. Comparatively, EPS for the current quarter was -$2.2 a year ago.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Nxu Inc (NXU) as a “Strong Buy” at a consensus score of 1.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
