Nukkleus (NASDAQ:DFNS) Upgraded by Noble Financial to “Strong-Buy” Rating

Noble Financial upgraded shares of Nukkleus (NASDAQ:DFNS) to a strong-buy rating in a research note published on Monday,Zacks.com reports.

DFNS has been the topic of a number of other reports. Wall Street Zen downgraded shares of Nukkleus from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Weiss Ratings reissued a “sell (d+)” rating on shares of Nukkleus in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Nukkleus presently has a consensus rating of “Moderate Buy”.

Nukkleus Stock Down 1.4%

Shares of DFNS opened at $0.17 on Monday. Nukkleus has a 52-week low of $0.16 and a 52-week high of $15.59. The company has a market capitalization of $16.22 million, a PE ratio of -0.06 and a beta of -6.00. The stock has a fifty day simple moving average of $0.36 and a two-hundred day simple moving average of $1.68. The company has a quick ratio of 0.21, a current ratio of 0.25 and a debt-to-equity ratio of 0.07.

Nukkleus (NASDAQ:DFNS) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($1.14) earnings per share for the quarter. The firm had revenue of $3.65 million for the quarter. As a group, equities analysts forecast that Nukkleus will post -0.99 EPS for the current year.

Hedge Funds Weigh In On Nukkleus

Several large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new stake in Nukkleus in the 2nd quarter valued at approximately $56,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Nukkleus in the fourth quarter valued at $57,000. GM Advisory Group LLC purchased a new stake in shares of Nukkleus in the 4th quarter valued at $56,000. Millennium Management LLC acquired a new position in Nukkleus during the 4th quarter worth about $60,000. Finally, Ausdal Financial Partners Inc. acquired a new position in Nukkleus during the 3rd quarter worth about $105,000. 12.47% of the stock is currently owned by institutional investors and hedge funds.

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.