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Nuix (ASX:NXL) share price hits all-time low: Time to buy? – The Motley Fool Australia
The analytics software maker’s value has almost halved in a few days. Is the Nuix share price a Buy or has the company fundamentally changed?
Home / Share Market News / Nuix (ASX:NXL) share price hits all-time low: Time to buy?Nuix Ltd (ASX: NXL) shares sank to an all-time low of $5.70 during intraday trade on Wednesday.
The Nuix share price actually fell off a cliff back on Friday when the analytics software provider announced its financial results before the ASX opened for trade.
The 4% decline in revenue and statutory net loss of $16.6 million didn’t impress the market, which felt the company was falling behind its own prospectus projections.
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