Nixxy, Inc. (NASDAQ:NIXX – Get Free Report) shares traded up 4.7% on Wednesday . The company traded as high as $1.85 and last traded at $1.78. 341,383 shares were traded during mid-day trading, an increase of 51% from the average session volume of 225,751 shares. The stock had previously closed at $1.70.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nixxy in a research note on Wednesday. Wall Street Zen cut shares of Nixxy from a “hold” rating to a “sell” rating in a research report on Sunday, August 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
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Nixxy Stock Performance
Nixxy (NASDAQ:NIXX – Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported ($0.14) EPS for the quarter. Nixxy had a negative net margin of 195.31% and a negative return on equity of 377.17%. The business had revenue of $13.47 million for the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Nixxy stock. XTX Topco Ltd bought a new position in Nixxy, Inc. (NASDAQ:NIXX – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 34,954 shares of the company’s stock, valued at approximately $73,000. XTX Topco Ltd owned about 0.17% of Nixxy as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 13.14% of the company’s stock.
About Nixxy
Nixxy Inc operates an on-demand recruiting platform which aims to deliver the right talent to both small and large businesses. It provides employers access to independent recruiters and utilizes an innovative web platform, with integrated AI-driven candidate to job matching and video screening software to source qualified talent.
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