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Nxu Inc (NXU) Analysis & Forecast for 2024

Nxu Inc (NASDAQ: NXU) is -83.13% lower on its value in year-to-date trading and has touched a low of $0.21 and a high of $5.68 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NXU stock was last observed hovering at around $0.33 in the last trading session, with the day’s gains setting it 0.06%.

Currently trading at $0.39, the stock is -8.92% and 21.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing 17.25% at the moment leaves the stock -21.66% off its SMA200. NXU registered -91.17% loss for a year compared to 6-month loss of -6.71%. The firm has a 50-day simple moving average (SMA 50) of $0.31902 and a 200-day simple moving average (SMA200) of $0.49926.

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The stock witnessed a 55.18% gain in the last 1 month and extending the period to 3 months gives it a 14.21%, and is -30.07% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 22.47% over the week and 19.55% over the month.

Nxu Inc (NXU) has around 36 employees, a market worth around $4.63M and $0.51M in sales. Profit margin for the company is -5175.15%. Distance from 52-week low is 85.78% and -93.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-313.40%).

The EPS is expected to grow by 97.96% this year.

Nxu Inc (NXU) Top Institutional Holders

15.0 institutions hold shares in Nxu Inc (NXU), with institutional investors hold 1.92% of the company’s shares. The shares outstanding are 11.93M, and float is at 11.57M with Short Float at 3.78%. Institutions hold 1.86% of the Float.

Nxu Inc (NXU) Insider Activity

The most recent transaction is an insider sale by Wyant Sarah, the company’s Interim CFO. SEC filings show that Wyant Sarah sold 2,179 shares of the company’s common stock on Dec 31 ’23 at a price of $2.19 per share for a total of $4772.0. Following the sale, the insider now owns 0.11 million shares.

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