Nukkleus (NASDAQ:DFNS) Upgraded by Wall Street Zen to Sell Rating

Nukkleus (NASDAQ:DFNS) was upgraded by equities research analysts at Wall Street Zen to a “sell” rating in a research note issued to investors on Saturday.

A number of other brokerages also recently commented on DFNS. Noble Financial upgraded shares of Nukkleus to a “strong-buy” rating in a research report on Monday, June 29th. Weiss Ratings downgraded shares of Nukkleus from a “sell (d+)” rating to a “sell (e+)” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Nukkleus currently has a consensus rating of “Moderate Buy”.

Nukkleus Trading Up 11.5%

NASDAQ:DFNS opened at $4.35 on Friday. The firm has a market cap of $3.31 million, a P/E ratio of -1.48 and a beta of -5.82. The company has a current ratio of 0.25, a quick ratio of 0.21 and a debt-to-equity ratio of 0.07. The stock’s 50 day simple moving average is $27.12 and its 200-day simple moving average is $142.18. Nukkleus has a 12-month low of $3.70 and a 12-month high of $1,948.75.

Nukkleus (NASDAQ:DFNS) last issued its quarterly earnings results on Wednesday, May 20th. The company reported ($142.50) earnings per share for the quarter. The company had revenue of $3.65 million during the quarter. Equities analysts anticipate that Nukkleus will post -63.98 EPS for the current year.

Institutional Trading of Nukkleus

A number of institutional investors have recently modified their holdings of the business. GM Advisory Group LLC acquired a new stake in Nukkleus in the 4th quarter valued at about $56,000. BNP Paribas Financial Markets purchased a new position in Nukkleus during the 2nd quarter valued at about $56,000. Price T Rowe Associates Inc. MD acquired a new position in Nukkleus during the fourth quarter worth about $57,000. Millennium Management LLC purchased a new stake in shares of Nukkleus in the fourth quarter valued at about $60,000. Finally, State Street Corp grew its position in shares of Nukkleus by 70.7% in the fourth quarter. State Street Corp now owns 17,863 shares of the company’s stock valued at $72,000 after purchasing an additional 7,400 shares during the last quarter. 12.47% of the stock is currently owned by hedge funds and other institutional investors.

About Nukkleus

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.