The stock of Nxu Inc. (NASDAQ:NXU) decreased by $0.0 on Wednesday to $0.19, down -0.11 percent. The last five days have seen an average of 1,691,476 shares of common stock traded. The average number of shares traded over the last 20 days was 1,588,039, while the average volume over the last 50 days totaled 1,023,572.
NXU stock dropped -67.56% since last month. On 08/16/23, the company’s shares reached a one-month low of $0.1820. The stock touched a high of $243.99, after rallying from a low of $0.19 in 52 weeks. The price of NXU stock has declined by -94.16% or -$3.0618 this year, reaching a new high 3 times. Still, the stock price is down -99.92% from the 52-week high.
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Financial Health
For the three months ended March 30, Nxu Inc.’s quick ratio was 4.30, while its current ratio was 4.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.81, and the total debt to equity ratio is 0.82.
Earnings Surprise
According to Nxu Inc.’s quarterly financial report for the quarter that ended March 30, it had $0.53 million in cash and short-term investments. It was predicted that Nxu Inc.’s quarterly earnings would be -$0.66, but it ended up being -$0.89, beating the consensus by 25.80%. Equity owned by shareholders amounts to $76.04 million.
Technical Picture
Here’s a quick look at Nxu Inc.’s (NXU) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 8.98%, suggesting the stock is oversold, with a 220.72% historical volatility rate.
The stochastic %K and %D were 1.44% and 1.98% respectively, while the average true range (ATR) was 0.0424. Based on the 14-day stochastic reading of 1.45%, the RSI (14) reading is 14.32%. On the 9-day MACD Oscillator, the stock is at -0.0699, and the 14-day reading is at -0.1744.
Analyst Ratings
Analysts have assigned Nxu Inc. (NXU) an Buy rating. NXU is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is NXU’s price target for the next 12 months?
The current consensus forecast for the stock is between $0.75 and $0.75, with a median target price of $0.75. In analyzing these forecasts, the average price target given by analysts for Nxu Inc. (NXU) is $0.75.
