Sysorex Global (INPX) Shares Down 3.8%
Shares of Sysorex Global (NASDAQ:INPX) were down 3.8% during trading on Tuesday . The stock traded as low as $0.30 and last traded at $0.31. Approximately 684,243 shares traded hands during trading, a decline of 68% from the average daily volume of 2,137,880 shares. The stock had previously closed at $0.33.
INPX has been the subject of a number of recent research reports. Zacks Investment Research raised Sysorex Global from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. B. Riley reissued a “neutral” rating and issued a $0.25 target price on shares of Sysorex Global in a report on Tuesday, August 22nd.
The firm’s 50-day moving average price is $0.27 and its 200-day moving average price is $1.44. The stock’s market cap is $3.07 million.
About Sysorex Global
Inpixon, formerly Sysorex Global, provides data analytics and location-based solutions and services to commercial and government customers across the world. The Company operates through four segments: Mobile, IoT & Big Data Products, which includes its AirPatrol product line and on-premise big data appliance product; Storage and Computing, which includes third-party hardware, software and related maintenance/warranty products and services that the Company resells; SaaS Revenues, which provides software-as-a-services or Internet-based hosted services, and Professional Services, which offers general information technology (IT) services.
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