Analysts Advise You To Maintain Your Position In Nukkleus Inc (NASDAQ: NUKK)

Nukkleus Inc (NASDAQ:NUKK) traded at $0.33 at close of the session on current trade day and made an upward move of 32.68% on its previous day’s price.

Looking at the stock we see that its previous close was $0.25 with the day’s price range being $0.2527 – $0.3894. In terms of its 52-week price range, NUKK has a high of $9.88 and a low of $0.18. The company’s stock has lost about -0.42% over that past 30 days.

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Nukkleus Inc has a market cap of $5.60 million and is expected to release its quarterly earnings report in October.

On the other hand, looking at the outlook for the NUKK stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.

Looking further, we note the current price level is 37.22% off its SMA20 and 13.64% from its 50-day simple moving average. The RSI (14) is pointing at 62.72 while the volatility over the past week is 33.01% and jumps to 17.67% over the past one month. The beta value is -0.33, while the average true range (ATR) is currently pointing at 0.05.

Coming back to Nukkleus Inc (NASDAQ:NUKK), we note that the average 3-month trading volume was 2.36 million, while that of the preceding 10-day period stands at 12.43 million. Current shares outstanding are 16.79 million.

The insiders hold 48.73% of the company’s shares while institutions hold 1.59%. The data shows that short shares as of 2024-08-30, stood at 0.17 million at a short ratio of 0.4. This represents a 201.00 short interest in shares outstanding on 2024-08-30. Shares short fall in August from the previous month at 0.21 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -88.36% down in year-to-date price movement.

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