Nixxy Inc (NASDAQ:NIXX) does about 1.30M shares in volume on a normal day but saw 193265 shares change hands in the recent trading day. The company now has a market cap of 78.14M USD. Its current market price is $5.28, marking a decrease of -0.94% compared to the previous close of $5.33. The 52 week high reached by this stock is $8.50 whilst the lowest price level in 52 weeks is $1.12.
Nixxy Inc (NIXX) has a 20-day trading average at $4.27 and the current price is -37.88% off the 52-week high compared with 371.39% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.37 and its 200-day simple moving average is $2.30. If we look at the stock’s price movements over the week, volatility stands at 24.90%, which decreases to 18.78% 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 61.59 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 82.4% 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 23.77%, 56.91%, and 129.85% 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 down -9.93% over the week and 91.48% over the past month. Its price is 240.13% year-to-date and 229.30% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 82.4 percent from here.
Outstanding shares total 14.94M with insiders holding 1.08% of the shares and institutional holders owning 0.35% of the company’s common stock. The company has a return on investment of -240.58% and return on equity of -389.77%. The beta has a value of 1.05. Price to book ratio is 10.47 and price to sales ratio is 116.63.
