The trading price of Nxu Inc (NASDAQ:NXU) floating higher at last check on current market day and closing at $0.96, 294.82% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $0.6822 and $1.34. In examining the 52-week price action we see that the stock hit a 52-week high of $3.13 and a 52-week low of $0.21. Over the past month, the stock has gained 262.09% in value.
Nxu Inc, whose market valuation is $14.38 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest NXU has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that NXU’s price is currently 245.53% off the SMA20 and 180.54% off the SMA50. The RSI metric on the 14-day chart is currently showing 89.12, and weekly volatility stands at 13.52%. When measured over the past 30 days, the indicator reaches 9.13%. Nxu Inc (NASDAQ:NXU)’s beta value is currently sitting at 0.81, while the Average True Range indicator is currently displaying 0.09.
To see how Nxu Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: NXU stock’s performance was 294.82% at last check in today’s session, and -64.54% in the past year.
An evaluation of the daily trading volume of Nxu Inc (NASDAQ:NXU) indicates that the 3-month average is 7.11 million. However, this figure has increased over the past 10 days to an average of 0.43.
Currently, records show that 15.83 million of the company’s shares remain outstanding. The insiders hold 10.20% of outstanding shares, whereasinstitutions hold 1.16%. The stats also highlight that short interest as of 2024-10-31, stood at 1.77 million shares, resulting in a short ratio of 0.1 at that time. From this, we can conclude that short interest is 1531.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 0.21 million. However, since the stock’s price has seen -58.22% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
