NEXTDC Limited (OTCMKTS:NXDCF – Get Free Report) traded up 46.6% during mid-day trading on Friday. The company traded as high as $7.1225 and last traded at $7.1225. 651 shares were traded during trading, a decline of 90% from the average daily volume of 6,666 shares. The stock had previously closed at $4.86.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on NXDCF. The Goldman Sachs Group started coverage on shares of NEXTDC in a research report on Monday, October 12th. They issued a “neutral” rating for the company. New Street Research set a $11.00 target price on NEXTDC in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $11.00.
Check Out Our Latest Stock Report on NXDCF
NEXTDC Price Performance
The stock’s 50 day simple moving average is $7.13 and its two-hundred day simple moving average is $9.17.
NEXTDC Company Profile
NEXTDC Limited is an Australian data center operator that develops and manages carrier-neutral facilities for businesses, government organizations, cloud providers, telecommunications companies and other technology users. Its data centers are designed to provide secure, resilient environments for hosting critical IT infrastructure and supporting digital operations.
The company offers colocation services, allowing customers to house servers and networking equipment in professionally managed facilities.
See Also
- Five stocks we like better than NEXTDC
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Receive News & Ratings for NEXTDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NEXTDC and related companies with MarketBeat.com's FREE daily email newsletter.
