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Weiss Ratings Reaffirms Sell (D) Rating for Nukkleus (NASDAQ:NUKK)

Nukkleus logo with Business Services background

Key Points

  • Weiss Ratings has reiterated a "sell (d)" rating for Nukkleus (NASDAQ:NUKK), indicating continued concerns about the company's performance.
  • Nukkleus opened at $8.00, with a significant volatility reflected in its 1-year low of $1.30 and high of $78.32.
  • Institutional investors currently own 12.47% of Nukkleus stock, with several hedge funds recently acquiring new positions in the company.
  • Interested in Nukkleus? Here are five stocks we like better.

Nukkleus (NASDAQ:NUKK - Get Free Report)'s stock had its "sell (d)" rating reiterated by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Nukkleus Price Performance

NASDAQ:NUKK opened at $8.00 on Wednesday. Nukkleus has a 1-year low of $1.30 and a 1-year high of $78.32. The business's fifty day moving average price is $5.41 and its 200 day moving average price is $10.31.

Nukkleus (NASDAQ:NUKK - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.22 earnings per share for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NUKK. XTX Topco Ltd acquired a new position in Nukkleus in the 1st quarter worth about $125,000. Compagnie Lombard Odier SCmA acquired a new position in Nukkleus in the 1st quarter worth about $74,000. Finally, BNP Paribas Financial Markets acquired a new position in Nukkleus in the 2nd quarter worth about $56,000. 12.47% of the stock is owned by institutional investors and hedge funds.

About Nukkleus

(Get Free Report)

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.

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