Nixxy Inc. (NASDAQ:NIXX) does about 937.70K shares in volume on a normal day but saw 2829059 shares change hands in the recent trading day. The company now has a market cap of 9.30M USD. Its current market price is $2.81, marking an increase of 4.07% compared to the previous close of $2.70. The 52 week high reached by this stock is $8.50 whilst the lowest price level in 52 weeks is $1.04.
Nixxy Inc. (NIXX) has a 20-day trading average at $2.48 and the current price is -66.94% off the 52-week high compared with 169.11% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.26 and its 200-day simple moving average is $1.91. If we look at the stock’s price movements over the week, volatility stands at 63.95%, which decreases to 33.33% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 59.50 to suggest the stock is neutral.
The consensus objective for the share price is $30.00, suggesting that the stock has a potential upside of 90.63% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 09, 2021 when Maxim Group initiated the stock to “Buy” and issued a price target of $9.
The current price level is 13.26%, 24.12%, and 47.23% away from its SMA20, SMA50, and SMA200 respectively, with the NIXX price moving below the 50-day SMA on current market day. Nixxy Inc. (NIXX) stock is up 11.95% over the week and 24.89% over the past month. Its price is 84.87% year-to-date and 117.83% over the past year.
To reach the target analysts have set, the stock logically needs to grow 90.63 percent from here.
Outstanding shares total 3.31M with insiders holding 2.78% of the shares and institutional holders owning 0.40% of the company’s common stock. The company has a return on investment of -159.03% and return on equity of -222.31%. The beta has a value of 1.27. Price to book ratio is 52.76 and price to sales ratio is 12.92.
