Sysorex Global (INPX) Shares Up 13.4%
Shares of Sysorex Global (NASDAQ:INPX) shot up 13.4% during mid-day trading on Wednesday . The stock traded as high as $0.42 and last traded at $0.39. 2,955,111 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 2,507,980 shares. The stock had previously closed at $0.34.
Several research firms have issued reports on INPX. B. Riley reiterated a “neutral” rating and issued a $0.25 target price on shares of Sysorex Global in a research note on Sunday, August 27th. Zacks Investment Research upgraded shares of Sysorex Global from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th.
The stock has a 50 day moving average of $0.28 and a 200-day moving average of $1.34. The stock’s market cap is $3.99 million.
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About Sysorex Global
Inpixon, formerly Sysorex Global, provides data analytics and location-based solutions and services to commercial and government customers across the world. The Company operates through four segments: Mobile, IoT & Big Data Products, which includes its AirPatrol product line and on-premise big data appliance product; Storage and Computing, which includes third-party hardware, software and related maintenance/warranty products and services that the Company resells; SaaS Revenues, which provides software-as-a-services or Internet-based hosted services, and Professional Services, which offers general information technology (IT) services.
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