Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi Guys I d like your thoughts on Nuix Ltd I ve dipped my toe into the waters Bought a few thousand Would you say this would be a High Speculative stock , even though thing s have been quashed in the courts OR could be a take over down the track sometime Cheers Paul PS Keep up the good work
Hi Paul,
It was a volatile few days for the investigative data analytics company after their win in court defending claims from a previous executive who believed he was owed $180m. With that issue now behind the company, they can get back to focussing on turning the business around.
Technically, Nuix (NXL) would look interesting again around 90c, however we are likely to wait until there is more conviction in earnings and revenue outlook.
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