Wall Street Zen Upgrades Nukkleus (NASDAQ:DFNS) to Sell

Nukkleus (NASDAQ:DFNS) was upgraded by equities researchers at Wall Street Zen to a “sell” rating in a research note issued on Saturday.

DFNS has been the topic 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 downgraded shares of Nukkleus from a “sell (d+)” rating to a “sell (e+)” rating in a report on Monday. One research 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.com, Nukkleus has an average rating of “Moderate Buy”.

Nukkleus Stock Performance

NASDAQ DFNS opened at $4.35 on Friday. 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 fifty-two week low of $3.70 and a fifty-two week high of $1,948.75. The business has a fifty day moving average of $27.12 and a 200-day moving average of $142.18. The stock has a market cap of $3.31 million, a price-to-earnings ratio of -1.48 and a beta of -5.82.

Nukkleus (NASDAQ:DFNS) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($142.50) EPS for the quarter. The company had revenue of $3.65 million during the quarter. As a group, analysts predict that Nukkleus will post -63.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nukkleus

Several hedge funds have recently made changes to their positions in DFNS. GM Advisory Group LLC purchased a new stake in shares of Nukkleus in the fourth quarter valued at $56,000. BNP Paribas Financial Markets acquired a new position in Nukkleus in the second quarter valued at $56,000. Price T Rowe Associates Inc. MD purchased a new position in Nukkleus during the fourth quarter worth about $57,000. Millennium Management LLC purchased a new position in Nukkleus during the fourth quarter worth about $60,000. Finally, State Street Corp boosted its stake in Nukkleus by 70.7% in the 4th quarter. State Street Corp now owns 17,863 shares of the company’s stock worth $72,000 after buying an additional 7,400 shares during the last quarter. Institutional investors and hedge funds own 12.47% of the company’s stock.

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.