Nixxy (NASDAQ:NIXX) Issues Earnings Results

Nixxy (NASDAQ:NIXX) released its quarterly earnings data on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $31.92 million during the quarter. Nixxy had a negative net margin of 195.31% and a negative return on equity of 377.17%.

Nixxy Trading Down 3.3%

Shares of NIXX stock traded down $0.04 during trading hours on Friday, reaching $1.17. 754,246 shares of the company’s stock were exchanged, compared to its average volume of 725,213. The company has a market cap of $24.37 million, a price-to-earnings ratio of -0.74 and a beta of 1.28. Nixxy has a fifty-two week low of $0.90 and a fifty-two week high of $6.25. The stock’s 50 day moving average is $1.58 and its 200-day moving average is $1.77.

Institutional Investors Weigh In On Nixxy

An institutional investor recently bought a new position in Nixxy stock. XTX Topco Ltd acquired a new stake in shares of Nixxy, Inc. (NASDAQ:NIXX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,954 shares of the company’s stock, valued at approximately $73,000. XTX Topco Ltd owned approximately 0.17% of Nixxy as of its most recent SEC filing. Institutional investors and hedge funds own 13.14% of the company’s stock.

Analyst Upgrades and Downgrades

NIXX has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Nixxy in a research note on Wednesday, October 8th. Wall Street Zen lowered Nixxy from a “hold” rating to a “sell” rating in a research note on Sunday, August 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Nixxy presently has an average rating of “Sell”.

Nixxy Company Profile

Nixxy Inc operates an on-demand recruiting platform which aims to deliver the right talent to both small and large businesses. It provides employers access to independent recruiters and utilizes an innovative web platform, with integrated AI-driven candidate to job matching and video screening software to source qualified talent.