NXU (NASDAQ:NXU) Trading Down 3.9% – Here’s What Happened

Shares of Nxu, Inc. (NASDAQ:NXUGet Free Report) were down 3.9% during mid-day trading on Thursday . The stock traded as low as $1.84 and last traded at $2.45. Approximately 1,128,109 shares traded hands during mid-day trading, an increase of 48% from the average daily volume of 764,524 shares. The stock had previously closed at $2.55.

NXU Price Performance

The company has a market capitalization of $5.42 million, a P/E ratio of -0.06 and a beta of -1.69. The firm has a fifty day moving average price of $2.45 and a 200-day moving average price of $5.51.

NXU (NASDAQ:NXUGet Free Report) last announced its quarterly earnings data on Monday, March 17th. The company reported ($2.60) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($4.00) by $1.40. The firm had revenue of $33.47 million during the quarter. NXU had a negative return on equity of 219.40% and a negative net margin of 5,280.30%.

NXU Company Profile

(Get Free Report)

Nxu, Inc, formerly known as Atlis Motor Vehicles, is a US-owned technology company manufacturing innovative battery cells and battery packs, for use in advanced energy storage systems and megawatt charging stations.

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