Nukkleus (NASDAQ:DFNS) Stock Price Down 4.3% – What’s Next?

Nukkleus Inc. (NASDAQ:DFNS)’s stock price traded down 4.3% on Wednesday . The stock traded as low as $0.63 and last traded at $0.6386. 635,780 shares were traded during trading, a decline of 53% from the average session volume of 1,359,985 shares. The stock had previously closed at $0.6676.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Nukkleus in a report on Monday, March 23rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Nukkleus Stock Down 4.3%

The firm has a market cap of $13.68 million, a PE ratio of 0.04 and a beta of -5.95. The firm’s fifty day simple moving average is $1.57 and its two-hundred day simple moving average is $4.35.

Hedge Funds Weigh In On Nukkleus

Several institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new position in Nukkleus during the second quarter valued at $56,000. State Street Corp grew its stake in 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 in the last quarter. Price T Rowe Associates Inc. MD purchased a new position in Nukkleus during the fourth quarter valued at $57,000. GM Advisory Group LLC purchased a new position in Nukkleus during the fourth quarter valued at $56,000. Finally, Millennium Management LLC purchased a new position in Nukkleus during the fourth quarter valued at $60,000. 12.47% of the stock is owned by hedge funds and other institutional investors.

Nukkleus Company Profile

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.