Financial Analysis: Nixxy Inc (NIXX)’s Ratios Unveil Key Insights

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As of close of business last night, Nixxy Inc’s stock clocked out at $2.59, down -7.17% from its previous closing price of $2.79. In other words, the price has decreased by -$7.17 from its previous closing price. On the day, 0.51 million shares were traded. NIXX stock price reached its highest trading level at $3.05 during the session, while it also had its lowest trading level at $2.56.

Ratios:

To gain a deeper understanding of NIXX’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.58 and its Current Ratio is at 0.58. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Maxim Group on December 09, 2021, initiated with a Buy rating and assigned the stock a target price of $9.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 06 ’24 when GoLogiq, Inc. bought 126,970 shares for $2.75 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NIXX now has a Market Capitalization of 32885228 and an Enterprise Value of 11758913. For the stock, the TTM Price-to-Sale (P/S) ratio is 46.76 while its Price-to-Book (P/B) ratio in mrq is 5.13. Its current Enterprise Value per Revenue stands at 16.411 whereas that against EBITDA is -2.605.

Stock Price History:

Over the past 52 weeks, NIXX has reached a high of $8.50, while it has fallen to a 52-week low of $1.12. The 50-Day Moving Average of the stock is 1.09%, while the 200-Day Moving Average is calculated to be 28.20%.

Shares Statistics:

It appears that NIXX traded 1.11M shares on average per day over the past three months and 277700 shares per day over the past ten days. A total of 13.03M shares are outstanding, with a floating share count of 12.89M. Insiders hold about 1.11% of the company’s shares, while institutions hold 0.35% stake in the company. Shares short for NIXX as of 1730332800 were 120470 with a Short Ratio of 0.11, compared to 1726185600 on 34519. Therefore, it implies a Short% of Shares Outstanding of 120470 and a Short% of Float of 1.05.

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