Nixxy (NASDAQ:NIXX) Issues Earnings Results

Nixxy (NASDAQ:NIXX) released its earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.17, FiscalAI reports. Nixxy had a negative net margin of 15.30% and a negative return on equity of 141.48%. The company had revenue of $29.09 million for the quarter, compared to the consensus estimate of $6.77 million.

Nixxy Stock Performance

Nixxy stock traded up $0.06 during trading hours on Wednesday, reaching $0.63. 965,596 shares of the company’s stock traded hands, compared to its average volume of 792,113. Nixxy has a fifty-two week low of $0.47 and a fifty-two week high of $2.47. The firm has a market capitalization of $16.94 million, a price-to-earnings ratio of -1.24 and a beta of 0.29. The firm’s 50 day moving average is $0.73 and its 200-day moving average is $0.90.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in shares of Nixxy in the 4th quarter valued at approximately $40,000. XTX Topco Ltd raised its position in shares of Nixxy by 114.1% in the 4th quarter. XTX Topco Ltd now owns 36,252 shares of the company’s stock valued at $35,000 after acquiring an additional 19,320 shares during the period. Jane Street Group LLC acquired a new stake in shares of Nixxy in the 4th quarter valued at approximately $121,000. Finally, Geode Capital Management LLC raised its position in shares of Nixxy by 15.5% in the 4th quarter. Geode Capital Management LLC now owns 228,701 shares of the company’s stock valued at $220,000 after acquiring an additional 30,696 shares during the period. 13.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Nixxy from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

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.