Nixxy (NASDAQ:NIXX) Trading Up 2.3% – Here’s What Happened

Nixxy, Inc. (NASDAQ:NIXX) shares were up 2.3% during trading on Wednesday . The company traded as high as $0.8601 and last traded at $0.7980. Approximately 1,001,948 shares traded hands during trading, a decline of 23% from the average daily volume of 1,297,423 shares. The stock had previously closed at $0.78.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NIXX shares. Wall Street Zen lowered shares of Nixxy from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nixxy in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Nixxy Price Performance

The firm has a market cap of $19.85 million, a P/E ratio of -1.56 and a beta of 0.65. The stock’s 50 day moving average is $0.68 and its two-hundred day moving average is $1.06.

Institutional Trading of Nixxy

Several large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in Nixxy during the fourth quarter worth about $40,000. XTX Topco Ltd grew its stake in Nixxy by 114.1% during the fourth quarter. XTX Topco Ltd now owns 36,252 shares of the company’s stock worth $35,000 after buying an additional 19,320 shares during the last quarter. Jane Street Group LLC bought a new stake in Nixxy during the fourth quarter worth about $121,000. Finally, Geode Capital Management LLC grew its stake in Nixxy by 15.5% during the fourth quarter. Geode Capital Management LLC now owns 228,701 shares of the company’s stock worth $220,000 after buying an additional 30,696 shares during the last quarter. 13.14% of the stock is owned by institutional investors.

About Nixxy

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.