Nxu Inc. (NASDAQ:NXU) saw an upside of 15.57% to close Tuesday at $0.23 after adding $0.03 on the day. The 5-day average trading volume is 1,775,400 shares of the company’s common stock. It has gained $0.2350 in the past week and touched a new high 5 times within the past 5 days. An average of 1,932,695 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,105,568.
NXU’s 1-month performance is -62.13% or -$0.3781 on its low of $0.1800 reached on 08/17/23. The company’s shares have touched a 52-week low of $0.18 and high of $243.99. YTD, NXU has lost -92.94% or -$3.0206 and has reached a new high 3 times. However, the current price is down -99.91% from the 52-week high price.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 0.55.
Nxu Inc.’s quick ratio for the period ended March 30 was 4.30, with the current ratio over the same period at 4.60. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.81, while the total debt to equity was 0.82.
Earnings Surprise
For the quarterly period ending March 30 this year, Analysts expected NXU to announce -$0.89 per share in earnings in its latest quarter, but it posted -$0.66, representing a 25.80% surprise. NXU stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 8.39 million, with total debt at $3.32 million. Shareholders hold equity totaling $76.04 million.
Let’s look briefly at Nxu Inc. (NXU) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 29.75% to suggest the stock is trending oversold, with historical volatility in this time period at 271.66%.
The stock’s 5-day moving average is $0.2016, reflecting a +20.74% or $0.0394 change from its current price. NXU is currently trading -60.38% above its 20-day SMA, -64.01% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -60.45% and SMA200 by-98.22%.
Stochastic %K and %D was 7.04% and 4.41% and the average true range (ATR) pointed at 0.0351. The RSI (14) points at 26.85%, while the 14-day stochastic is at 14.25% with the period’s ATR at 0.0386. The stock’s 9-day MACD Oscillator is pointing at 0.0063 and -0.0564 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for NXU stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate NXU as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is NXU’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $0.75 and a high of $0.75, with their median price target at $0.75. Looking at these predictions, the average price target given by analysts is for Nxu Inc. (NXU) stock is $0.75.
