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Friday, September 29, 2023

Nxu Inc. (NASDAQ: NXU) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Nxu Inc. (NXU) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0029, or 1.71%, to $0.1729. The Nxu Inc. has recorded 5,463 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Nxu Inc. Participates in H.C. Wainwright 25th Annual Investment Conference.

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Stocks Info

Nxu Inc. is listed on the NASDAQ as a member of the Industrials sector and is a part of the Electrical Equipment & Parts industry. At the end of the last regular session, the stock closed at $0.17 and fluctuated between $0.1789 as its day high and $0.1600 as its day low. The current market capitalization of Nxu Inc. is $7.26M. A total of 0.56 million shares were traded on the day, compared to an average of 1.02M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, NXU has seen 8 BUY and 3 SELL insider trades, representing the acquisition of 1,378,841 and the disposition of 439,513 shares. Over the last 12 months, there were 8 BUYs and 3 SELLs from insiders. Insiders purchased 1,378,841 shares during that period but sold 439,513.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for NXU in the last 3 months, the mean price target is $0.75 with high estimates of $0.75 and low estimates of $0.75. In terms of 52-week highs and lows, NXU has a high of $243.99 and a low of $0.17.

As of this writing, NXU has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0. The company reported an EPS of -$2.2 in the last quarter, which was -19.60% lower than expectations of -$1.84.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NXU’s latest balance sheet shows that the firm has $3.15M in Cash & Short Term Investments as of fiscal 2021. There were $397.00k in debt and $709.00k in liabilities at the time. Its Book Value Per Share was $0.42, while its Total Shareholder’s Equity was $3.80M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NXU is Buy with a score of 5.00.

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