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

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

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

Nukkleus Stock Performance

Shares of NASDAQ:DFNS opened at $0.17 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.25 and a quick ratio of 0.21. The business’s fifty day moving average price is $0.36 and its two-hundred day moving average price is $1.68. Nukkleus has a fifty-two week low of $0.16 and a fifty-two week high of $15.59. The stock has a market capitalization of $16.22 million, a price-to-earnings ratio of -0.06 and a beta of -6.00.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Nukkleus by 193.7% in the 4th quarter. Geode Capital Management LLC now owns 124,714 shares of the company’s stock valued at $503,000 after buying an additional 82,252 shares during the last quarter. UBS Group AG raised its position in shares of Nukkleus by 23.3% during the third quarter. UBS Group AG now owns 80,512 shares of the company’s stock worth $564,000 after acquiring an additional 15,223 shares during the last quarter. LPL Financial LLC bought a new stake in shares of Nukkleus during the fourth quarter worth $120,000. Engineers Gate Manager LP acquired a new position in shares of Nukkleus during the fourth quarter valued at $96,000. Finally, State Street Corp lifted its stake in shares of Nukkleus by 70.7% during the fourth quarter. State Street Corp now owns 17,863 shares of the company’s stock valued at $72,000 after acquiring an additional 7,400 shares during the period. 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.