Nixxy (NASDAQ:NIXX) Downgraded to “Sell” Rating by Wall Street Zen

Nixxy (NASDAQ:NIXX) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Sunday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nixxy in a research report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Nixxy has a consensus rating of “Sell”.

Nixxy Stock Performance

NASDAQ:NIXX opened at $0.72 on Friday. The stock’s 50-day simple moving average is $1.02 and its 200 day simple moving average is $1.42. The company has a market cap of $17.96 million, a P/E ratio of -1.42 and a beta of 1.20. Nixxy has a 52-week low of $0.66 and a 52-week high of $2.92.

Institutional Investors Weigh In On Nixxy

A hedge fund recently bought a new stake in Nixxy stock. XTX Topco Ltd acquired a new stake in Nixxy, Inc. (NASDAQ:NIXX) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 34,954 shares of the company’s stock, valued at approximately $73,000. XTX Topco Ltd owned approximately 0.17% of Nixxy as of its most recent SEC filing. 13.14% of the stock is owned by institutional investors and hedge funds.

Nixxy Company Profile

Nixxy Inc operates an on-demand recruiting platform which aims to deliver the right talent to both small and large businesses. It provides employers access to independent recruiters and utilizes an innovative web platform, with integrated AI-driven candidate to job matching and video screening software to source qualified talent. Nixxy Inc, formerly known as Recruiter.com Group Inc, is based in Bristol, CT.