Wall Street Zen Upgrades Nukkleus (NASDAQ:NUKK) to Hold

Nukkleus (NASDAQ:NUKK) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Nukkleus in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Nukkleus Price Performance

Shares of Nukkleus stock opened at $5.26 on Friday. The firm has a 50 day simple moving average of $7.08 and a 200 day simple moving average of $8.64. Nukkleus has a fifty-two week low of $1.34 and a fifty-two week high of $78.32. The firm has a market cap of $87.58 million, a P/E ratio of 0.32 and a beta of -6.49.

Nukkleus (NASDAQ:NUKK) last released its earnings results on Friday, November 14th. The company reported ($2.02) EPS for the quarter.

Institutional Trading of Nukkleus

A number of hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets bought a new stake in Nukkleus in the second quarter valued at approximately $56,000. XTX Topco Ltd acquired a new position in shares of Nukkleus in the 1st quarter valued at $125,000. Ausdal Financial Partners Inc. acquired a new position in shares of Nukkleus in the 3rd quarter valued at $105,000. Finally, UBS Group AG increased its position in shares of Nukkleus by 23.3% in the 3rd quarter. UBS Group AG now owns 80,512 shares of the company’s stock valued at $564,000 after buying an additional 15,223 shares in the last quarter. 12.47% of the stock is currently owned by institutional investors and hedge funds.

Nukkleus Company Profile

Nukkleus Inc, a financial technology company, provides blockchain-enabled technology solutions worldwide. It focuses on providing software and technology solutions for retail foreign exchange trading industry. The company provides transactions platform for dealing and risk management services. It also offers cross-border payment and transactions solutions and blockchain-enabled financial services solutions to institutional investors.