Nukkleus (NASDAQ:DFNS) Upgraded to Strong-Buy at Noble Financial

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

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

Nukkleus Trading Down 1.4%

Nukkleus stock opened at $0.17 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.21 and a current ratio of 0.25. The business’s 50-day simple moving average is $0.36 and its 200-day simple moving average is $1.68. The firm has a market capitalization of $16.22 million, a PE ratio of -0.06 and a beta of -6.00. Nukkleus has a 52 week low of $0.16 and a 52 week high of $15.59.

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

Institutional Investors Weigh In On Nukkleus

Several institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in shares of Nukkleus by 193.7% during 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 during the period. LPL Financial LLC bought a new stake in Nukkleus in the fourth quarter valued at about $120,000. Engineers Gate Manager LP acquired a new position in Nukkleus in the fourth quarter worth about $96,000. UBS Group AG raised its position in Nukkleus by 23.3% in the third quarter. UBS Group AG now owns 80,512 shares of the company’s stock worth $564,000 after purchasing an additional 15,223 shares in the last quarter. Finally, Ausdal Financial Partners Inc. bought a new position in Nukkleus during the third quarter worth about $105,000. Institutional investors 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.