Nixxy (NASDAQ:NIXX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Nixxy (NASDAQ:NIXX) from a sell rating to a hold rating in a research note issued to investors on Saturday.

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

Nixxy Stock Down 3.8%

NASDAQ:NIXX opened at $1.13 on Friday. Nixxy has a 52-week low of $0.90 and a 52-week high of $6.25. The stock has a fifty day simple moving average of $1.57 and a 200-day simple moving average of $1.77. The company has a market capitalization of $27.99 million, a PE ratio of -0.71 and a beta of 1.28.

Nixxy (NASDAQ:NIXX) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.07) EPS for the quarter. The business had revenue of $31.92 million during the quarter. Nixxy had a negative net margin of 195.31% and a negative return on equity of 377.17%.

Institutional Investors Weigh In On Nixxy

An institutional investor recently bought a new position in Nixxy stock. XTX Topco Ltd purchased a new position in shares of Nixxy, Inc. (NASDAQ:NIXX) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 34,954 shares of the company’s stock, valued at approximately $73,000. XTX Topco Ltd owned approximately 0.17% of Nixxy at the end of the most recent reporting period. Institutional investors own 13.14% of the company’s stock.

Nixxy Company Profile

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.