Nukkleus (NASDAQ:DFNS) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen lowered shares of Nukkleus (NASDAQ:DFNS) from a sell rating to a strong sell rating in a research note issued to investors on Saturday morning.

A number of other brokerages have also recently weighed in on DFNS. Weiss Ratings cut Nukkleus from a “sell (d+)” rating to a “sell (e+)” rating in a research report on Monday, July 20th. Noble Financial upgraded Nukkleus to a “strong-buy” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Nukkleus Price Performance

DFNS opened at $30.99 on Friday. The company has a fifty day simple moving average of $25.61 and a 200 day simple moving average of $96.91. The firm has a market cap of $23.55 million, a price-to-earnings ratio of -0.08 and a beta of -5.80. Nukkleus has a twelve month low of $3.70 and a twelve month high of $1,948.75. The company has a current ratio of 0.25, a quick ratio of 0.21 and a debt-to-equity ratio of 0.07.

Nukkleus (NASDAQ:DFNS) last announced its earnings results on Wednesday, May 20th. The company reported ($142.50) earnings per share (EPS) for the quarter. The business had revenue of $3.65 million during the quarter. Equities research analysts expect that Nukkleus will post -4.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Nukkleus

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Nukkleus by 193.7% during the fourth quarter. Geode Capital Management LLC now owns 124,714 shares of the company’s stock valued at $503,000 after buying an additional 82,252 shares during the last quarter. LPL Financial LLC bought a new stake in Nukkleus during the fourth quarter worth approximately $120,000. Engineers Gate Manager LP bought a new stake in Nukkleus during the fourth quarter worth approximately $96,000. UBS Group AG lifted its position in Nukkleus by 23.3% in the third quarter. UBS Group AG now owns 80,512 shares of the company’s stock worth $564,000 after purchasing an additional 15,223 shares during the period. Finally, Ausdal Financial Partners Inc. acquired a new stake in Nukkleus in the third quarter worth approximately $105,000. Institutional investors and hedge funds own 12.47% of the company’s stock.

About Nukkleus

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. In addition, the company provides software, technology, customer sales and marketing, and risk management technology hardware and software solutions.