Nixxy (NASDAQ:NIXX) Posts Earnings Results

Nixxy (NASDAQ:NIXX) posted its quarterly earnings data on Thursday. The company reported ($0.07) EPS for the quarter, Zacks reports. Nixxy had a negative return on equity of 377.17% and a negative net margin of 195.31%.The company had revenue of $31.92 million for the quarter.

Nixxy Trading Down 3.3%

Shares of Nixxy stock traded down $0.04 during trading on Friday, hitting $1.17. 754,246 shares of the stock were exchanged, compared to its average volume of 725,213. The company has a fifty day moving average price of $1.58 and a 200-day moving average price of $1.77. The stock has a market capitalization of $24.37 million, a price-to-earnings ratio of -0.74 and a beta of 1.28. Nixxy has a 1-year low of $0.90 and a 1-year high of $6.25.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nixxy in a report on Wednesday, October 8th. Wall Street Zen cut shares of Nixxy from a “hold” rating to a “sell” rating in a research report on Sunday, August 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nixxy stock. XTX Topco Ltd acquired a new position in Nixxy, Inc. (NASDAQ:NIXX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 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 SEC filing. 13.14% of the stock is currently owned by institutional investors.

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.