Nerdwallet Inc (NASDAQ: NRDS)’s stock price has soared by 3.85 in relation to previous closing price of 13.26. Nevertheless, the company has seen a loss of -0.58% in its stock price over the last five trading days. Business Wire reported 2024-04-08 that SAN FRANCISCO–(BUSINESS WIRE)–NerdWallet Announces Conference Call to Review 2024 First Quarter Financial Results.
Is It Worth Investing in Nerdwallet Inc (NASDAQ: NRDS) Right Now?
The 36-month beta value for NRDS is also noteworthy at 1.42. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for NRDS is 36.74M, and at present, short sellers hold a 5.33% of that float. The average trading volume of NRDS on April 19, 2024 was 342.67K shares.
NRDS’s Market Performance
NRDS’s stock has seen a -0.58% decrease for the week, with a -11.22% drop in the past month and a -8.32% fall in the past quarter. The volatility ratio for the week is 3.29%, and the volatility levels for the past 30 days are at 2.88% for Nerdwallet Inc The simple moving average for the last 20 days is -2.97% for NRDS’s stock, with a simple moving average of 14.24% for the last 200 days.
Analysts’ Opinion of NRDS
Many brokerage firms have already submitted their reports for NRDS stocks, with Citigroup repeating the rating for NRDS by listing it as a “Neutral.” The predicted price for NRDS in the upcoming period, according to Citigroup is $14 based on the research report published on May 03, 2023 of the previous year 2023.
Truist gave a rating of “Buy” to NRDS, setting the target price at $30 in the report published on November 29th of the previous year.
NRDS Trading at -10.04% from the 50-Day Moving Average
After a stumble in the market that brought NRDS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.40% of loss for the given period.
Volatility was left at 2.88%, however, over the last 30 days, the volatility rate increased by 3.29%, as shares sank -12.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.26% lower at present.
During the last 5 trading sessions, NRDS fell by -1.05%, which changed the moving average for the period of 200-days by +48.48% in comparison to the 20-day moving average, which settled at $14.09. In addition, Nerdwallet Inc saw -6.45% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NRDS starting from YOUNT SAMUEL, who sale 1,335 shares at the price of $16.71 back on Mar 05 ’24. After this action, YOUNT SAMUEL now owns 2,347,857 shares of Nerdwallet Inc, valued at $22,308 using the latest closing price.
YOUNT SAMUEL, the VP, General Manager of Nerdwallet Inc, sale 6,309 shares at $16.16 during a trade that took place back on Feb 23 ’24, which means that YOUNT SAMUEL is holding 2,350,242 shares at $101,985 based on the most recent closing price.
Stock Fundamentals for NRDS
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.91 for the gross margin
The net margin for Nerdwallet Inc stands at -0.02. The total capital return value is set at 0.01. Equity return is now at value -3.33, with -2.80 for asset returns.
Based on Nerdwallet Inc (NRDS), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 7.83. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 5.62.
Currently, EBITDA for the company is 51.8 million with net debt to EBITDA at -2.15. When we switch over and look at the enterprise to sales, we see a ratio of 1.63. The receivables turnover for the company is 7.94for trailing twelve months and the total asset turnover is 1.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.32.
Conclusion
In summary, Nerdwallet Inc (NRDS) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
