Nixxy (NIXX, Financial) has acquired the assets of Leadnova.ai from the NexGenAI group, aiming to enhance its AI-driven telecommunications operations. The acquisition includes the domain, software, and infrastructure of Leadnova.ai, a SaaS platform that aids in business growth through various data and sales solutions.
In a recent financial update, Nixxy reported generating roughly $5.2 million in gross revenue for May, marking a significant increase from April's $1.4 million. This growth aligns with the company's ongoing expansion efforts. With new infrastructure and client partnerships, Nixxy is setting its sights on reaching a $10 million monthly revenue target by August 2025.
Further bolstering its financial strategy, Nixxy announced a registered direct offering, planning to issue up to 846,667 shares of its common stock at $1.50 per share to select accredited investors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Nixxy Inc (NIXX, Financial) is $15.00 with a high estimate of $15.00 and a low estimate of $15.00. The average target implies an upside of 733.33% from the current price of $1.80. More detailed estimate data can be found on the Nixxy Inc (NIXX) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Nixxy Inc's (NIXX, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Nixxy Inc (NIXX, Financial) in one year is $0.07, suggesting a downside of 96.11% from the current price of $1.8. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Nixxy Inc (NIXX) Summary page.
