Nxu Inc (NASDAQ: NXU): Think Like A Lender, Not An Investor

money audit

Nxu Inc (NASDAQ:NXU) currently has a daily average trading volume of 12.47M but it saw 3122487 shares traded in last market. With a market cap of 5.82M USD, the company’s current market price of $0.24 came falling about -0.50 while comparing to the previous closing price of $0.24. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.25 and as low as $0.21. In the recent trading on the day, stock has struck highest price mark of $0.2255 while lowest mark touched by it was $0.2448.

Taking a look at 20-day trading activity of Nxu Inc (NXU) gives us an average price of $0.6192, while its current price level is -89.40% below from 52-week high level whereas it is 14.12% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.4237 while that of 200 days or SMA-200 reads an average of $0.3892. A closer look into the stock’s movement over the week reveals that its volatility is standing at 25.47% during that period while stretching the period over a month that increases to 39.80%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 39.16 which implies that the stock is in neutral territory.

Over the week, NXU’s stock price is moving -56.91% down while it is -2.05% when we observe its performance for the past one month. Year-to-date it is -77.51% down and over the past year, the stock is showing a downside performance of -78.13%.

The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of -0.2 while estimate for next year EPS is -1.89.

Currently, Nxu Inc’s total number of outstanding shares is 15.83M with 2.99% of that held by the insiders while 1.85% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -594.34% and return on equity (ROE) at -640.34%. Stock’s beta reads -2.60. Stock has a price to book (P/B) ratio of 0.85 while price to sale or P/S ratio amounts to 14.55. Its return on asset (ROA) is -243.86% on average.