Nukkleus (NASDAQ:DFNS) Downgraded to Strong Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Nukkleus (NASDAQ:DFNS) from a sell rating to a strong sell rating in a research note published on Saturday morning,Wall Street Zen reports.

DFNS has been the subject of a number of other reports. Noble Financial upgraded shares of Nukkleus to a “strong-buy” rating in a report on Monday, June 29th. Weiss Ratings lowered shares of Nukkleus from a “sell (d+)” rating to a “sell (e+)” rating in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Nukkleus Price Performance

Shares of NASDAQ:DFNS opened at $10.24 on Friday. Nukkleus has a twelve month low of $3.70 and a twelve month high of $1,948.75. The stock’s 50 day moving average is $22.31 and its 200-day moving average is $72.87. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $17.04 million, a price-to-earnings ratio of -0.03 and a beta of -5.88.

Nukkleus (NASDAQ:DFNS) last posted its quarterly earnings results on Wednesday, August 19th. The company reported ($173.80) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.11) by ($170.69). The company had revenue of $4.00 million for the quarter, compared to analyst estimates of $4.50 million. Sell-side analysts forecast that Nukkleus will post -3.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Nukkleus

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG lifted its stake in Nukkleus by 23.3% during the 3rd quarter. UBS Group AG now owns 80,512 shares of the company’s stock valued at $564,000 after acquiring an additional 15,223 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Nukkleus by 193.7% in the 4th quarter. Geode Capital Management LLC now owns 124,714 shares of the company’s stock worth $503,000 after acquiring an additional 82,252 shares in the last quarter. LPL Financial LLC purchased a new stake in shares of Nukkleus in the fourth quarter valued at about $120,000. Ausdal Financial Partners Inc. purchased a new stake in shares of Nukkleus in the third quarter valued at about $105,000. Finally, Engineers Gate Manager LP bought a new position in shares of Nukkleus during the fourth quarter valued at about $96,000. 12.47% of the stock is owned by hedge funds and other institutional investors.

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.