Nixxy (NASDAQ:NIXX) Stock Price Down 6.7% – What’s Next?

Nixxy, Inc. (NASDAQ:NIXXGet Free Report) shares traded down 6.7% during mid-day trading on Thursday . The company traded as low as $0.75 and last traded at $0.8403. 1,183,729 shares changed hands during trading, a decline of 41% from the average daily volume of 2,007,762 shares. The stock had previously closed at $0.9002.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NIXX shares. Wall Street Zen upgraded shares of Nixxy from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings raised shares of Nixxy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Get Our Latest Stock Report on NIXX

Nixxy Trading Up 0.9%

The company has a market cap of $24.68 million, a price-to-earnings ratio of -4.46 and a beta of 0.32. The stock’s 50-day moving average is $1.04 and its 200-day moving average is $0.84.

Nixxy (NASDAQ:NIXXGet Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($3.00) by $3.02. The firm had revenue of $29.09 million during the quarter, compared to the consensus estimate of $7.20 million. Nixxy had a negative net margin of 7.88% and a negative return on equity of 75.34%.

Institutional Investors Weigh In On Nixxy

A number of hedge funds have recently added to or reduced their stakes in NIXX. XTX Topco Ltd increased its holdings in shares of Nixxy by 114.1% during the fourth quarter. XTX Topco Ltd now owns 36,252 shares of the company’s stock valued at $35,000 after acquiring an additional 19,320 shares in the last quarter. Geode Capital Management LLC increased its stake in Nixxy by 15.5% during the 4th quarter. Geode Capital Management LLC now owns 228,701 shares of the company’s stock valued at $220,000 after purchasing an additional 30,696 shares in the last quarter. Virtu Financial LLC acquired a new position in Nixxy during the fourth quarter worth $40,000. Finally, Jane Street Group LLC acquired a new position in Nixxy during the fourth quarter worth $121,000. Institutional investors and hedge funds own 13.14% of the company’s stock.

Nixxy Company Profile

(Get Free Report)

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. Nixxy Inc, formerly known as Recruiter.com Group Inc, is based in Bristol, CT.

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