Wall Street Zen Downgrades Nukkleus (NASDAQ:DFNS) to Strong Sell

Nukkleus (NASDAQ:DFNS) was downgraded by Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.

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

Nukkleus Price Performance

Shares of NASDAQ DFNS opened at $33.78 on Friday. The company has a fifty day moving average price of $25.72 and a 200 day moving average price of $98.91. The firm has a market cap of $25.67 million, a PE ratio of -0.09 and a beta of -5.80. 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 has a 1-year low of $3.70 and a 1-year high of $1,948.75.

Nukkleus (NASDAQ:DFNS) last released its quarterly 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. Research analysts predict that Nukkleus will post -4.21 earnings per share for the current fiscal year.

Institutional Trading of Nukkleus

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GM Advisory Group LLC bought a new stake in Nukkleus during the fourth quarter worth about $56,000. BNP Paribas Financial Markets acquired a new position in Nukkleus during the second quarter valued at approximately $56,000. Price T Rowe Associates Inc. MD bought a new position in Nukkleus in the fourth quarter valued at approximately $57,000. Millennium Management LLC bought a new position in Nukkleus in the fourth quarter valued at approximately $60,000. Finally, State Street Corp increased its position in shares of Nukkleus by 70.7% during the 4th quarter. State Street Corp now owns 17,863 shares of the company’s stock worth $72,000 after purchasing an additional 7,400 shares during the last quarter. 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.