As of Friday close, Nxu Inc.’s (NASDAQ:NXU) stock traded at $0.19. The average number of shares traded per day over the past five days has been 1,216,500 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0135 fall in that time frame. In the last twenty days, the average volume was 1,692,665, while in the previous 50 days, it was 1,018,456.
Since last month, NXU stock retreated -67.80%. Shares of the company fell to $0.1800 on 08/17/23, the lowest level in the past month. Since the beginning of this year, NXU’s stock price has dropped by -94.15% or -$3.0600, and marked a new high 3 times. However, the stock has declined by -99.92% since its 52-week high.
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Financial Health
In the three months ended March 30, Nxu Inc.’s quick ratio stood at 4.30, while its current ratio was 4.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.81, and the total debt-to-equity ratio was 0.82.
While analysts expected Nxu Inc. to report -$0.89 quarterly earnings, the actual figure was -$0.66 per share, beating the consensus estimate by 25.80%. The liabilities of Nxu Inc. were 8.39 million at the end of its most recent quarter ended March 30. The value of shareholders’ equity is $76.04 million.
Technical Picture
This quick technical analysis looks at Nxu Inc.’s (NXU) price momentum. With a historical volatility rate of 240.90%, the RSI 9-day stood at 11.82% on 18 August.
With respect to its five-day moving average, the current Nxu Inc. price is down by -6.63% percent or -$0.0135. At present, NXU shares trade -68.72% below its 20-day simple moving average and -69.58% percent below its 100-day simple moving average. However, the stock is currently trading approximately -67.81% below its SMA50 and -98.54% below its SMA200.
Stochastic coefficient K was 2.98% and Stochastic coefficient D was 2.50%, while ATR was 0.0375. Given the Stochastic reading of 2.33% for the 14-day period, the RSI (14) reading has been calculated as 16.04%. As of today, the MACD Oscillator reading stands at -0.0191, while the 14-day reading stands at -0.1184.
Analyst Ratings
Nxu Inc. (NXU) has been rated Buy by analysts. According to 0 brokerage firms, NXU is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Nxu Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $0.75, the current consensus forecast for the stock is $0.75 – $0.75. Based on these forecasts, analysts predict Nxu Inc. (NXU) will achieve an average price target of $0.75.
