Nukkleus (NASDAQ:DFNS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Nukkleus (NASDAQ:DFNS) from a strong sell rating to a sell rating in a research report released on Sunday morning.

Other research analysts have also issued research reports about the stock. Weiss Ratings lowered shares of Nukkleus from a “sell (d+)” rating to a “sell (e+)” rating in a research note on Monday, July 20th. Noble Financial raised shares of Nukkleus to a “strong-buy” rating in a research note on Monday, June 29th. 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, the stock presently has a consensus rating of “Moderate Buy”.

Nukkleus Trading Up 18.4%

NASDAQ:DFNS opened at $13.04 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.14 and a quick ratio of 0.11. Nukkleus has a fifty-two week low of $3.70 and a fifty-two week high of $1,948.75. The stock’s 50-day moving average is $24.40 and its two-hundred day moving average is $85.34. The stock has a market cap of $13.17 million, a PE ratio of -0.04 and a beta of -5.80.

Nukkleus (NASDAQ:DFNS) last issued its earnings results on Wednesday, August 19th. The company reported ($173.80) earnings per share for the quarter, missing analysts’ consensus estimates of ($3.11) by ($170.69). The firm had revenue of $4.00 million during the quarter, compared to the consensus estimate of $4.50 million. As a group, equities research analysts forecast that Nukkleus will post -4.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DFNS. BNP Paribas Financial Markets bought a new position in shares of Nukkleus during the 2nd quarter valued at $56,000. Price T Rowe Associates Inc. MD bought a new stake in Nukkleus in the fourth quarter worth $57,000. GM Advisory Group LLC bought a new stake in Nukkleus in the fourth quarter worth $56,000. Millennium Management LLC acquired a new position in Nukkleus during the fourth quarter worth $60,000. Finally, Ausdal Financial Partners Inc. acquired a new position in Nukkleus during the third quarter worth $105,000. Institutional investors and hedge funds own 12.47% of the company’s stock.

Nukkleus Company Profile

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.