Noble Financial Upgrades Nukkleus (NASDAQ:DFNS) to “Strong-Buy”

Nukkleus (NASDAQ:DFNS) was upgraded by equities researchers at Noble Financial to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Nukkleus in a report on Thursday, June 18th. Wall Street Zen cut shares of Nukkleus from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Nukkleus Stock Performance

Shares of DFNS opened at $0.17 on Monday. The firm has a market cap of $16.22 million, a price-to-earnings ratio of -0.06 and a beta of -6.00. The company’s fifty day moving average is $0.36 and its 200-day moving average is $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 has a 12 month low of $0.16 and a 12 month high of $15.59.

Nukkleus (NASDAQ:DFNS) last released its quarterly earnings data on Wednesday, May 20th. The company reported ($1.14) earnings per share (EPS) for the quarter. The company had revenue of $3.65 million for the quarter. Equities analysts expect that Nukkleus will post -0.99 EPS for the current fiscal year.

Hedge Funds Weigh In On Nukkleus

Large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new stake in Nukkleus in the 2nd quarter worth $56,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Nukkleus during the fourth quarter valued at about $57,000. GM Advisory Group LLC acquired a new position in shares of Nukkleus during the fourth quarter valued at about $56,000. Millennium Management LLC bought a new stake in shares of Nukkleus in the fourth quarter valued at about $60,000. Finally, Ausdal Financial Partners Inc. acquired a new stake in Nukkleus during the third quarter worth about $105,000. 12.47% of the stock is currently owned by institutional investors and hedge funds.

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.