JX Luxventure Group (NASDAQ:JXG) Shares Down 3.2% – What’s Next?

JX Luxventure Group Inc (NASDAQ:JXG) shares dropped 3.2% on Monday . The stock traded as low as $3.44 and last traded at $3.65. Approximately 1,766 shares traded hands during trading, a decline of 75% from the average daily volume of 7,059 shares. The stock had previously closed at $3.77.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on JXG shares. Weiss Ratings reissued a “sell (d)” rating on shares of JX Luxventure Group in a report on Thursday, January 22nd. Wall Street Zen raised shares of JX Luxventure Group from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

JX Luxventure Group Price Performance

The stock has a 50-day simple moving average of $5.41 and a 200-day simple moving average of $9.27.

JX Luxventure Group (NASDAQ:JXG) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.16 earnings per share for the quarter. The company had revenue of $12.59 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in JX Luxventure Group stock. HRT Financial LP purchased a new stake in JX Luxventure Group Inc (NASDAQ:JXG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 23,213 shares of the company’s stock, valued at approximately $139,000. HRT Financial LP owned about 15.48% of JX Luxventure Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 5.32% of the company’s stock.

JX Luxventure Group Company Profile

JX Luxventure Group Inc is a special purpose acquisition company incorporated in Delaware. As a blank check entity, it has no commercial operations of its own and was established to raise capital through an initial public offering for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

The company’s sponsors and management team bring experience in financial services, corporate finance and mergers and acquisitions.