NVVE has 36-month beta value of 1.80. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NVVE is 5.49M, and currently, short sellers hold a 0.73% ratio of that float. The average trading volume of NVVE on April 30, 2024 was 453.30K shares.
NVVE) stock’s latest price update
The stock of Nuvve Holding Corp (NASDAQ: NVVE) has increased by 5.88 when compared to last closing price of 0.70.Despite this, the company has seen a gain of 2.21% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-28 that Nuvve Holding Corp. (NVVE) Q4 2023 Earnings Call Transcript
NVVE’s Market Performance
Nuvve Holding Corp (NVVE) has seen a 2.21% rise in stock performance for the week, with a -4.23% decline in the past month and a -77.72% plunge in the past quarter. The volatility ratio for the week is 6.75%, and the volatility levels for the past 30 days are at 6.93% for NVVE. The simple moving average for the past 20 days is 5.60% for NVVE’s stock, with a -91.59% simple moving average for the past 200 days.
Analysts’ Opinion of NVVE
Many brokerage firms have already submitted their reports for NVVE stocks, with Chardan Capital Markets repeating the rating for NVVE by listing it as a “Buy.” The predicted price for NVVE in the upcoming period, according to Chardan Capital Markets is $24 based on the research report published on December 21, 2021 of the previous year 2021.
NVVE Trading at -5.20% from the 50-Day Moving Average
After a stumble in the market that brought NVVE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -97.93% of loss for the given period.
Volatility was left at 6.93%, however, over the last 30 days, the volatility rate increased by 6.75%, as shares surge +2.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.27% lower at present.
During the last 5 trading sessions, NVVE rose by +3.05%, which changed the moving average for the period of 200-days by -96.87% in comparison to the 20-day moving average, which settled at $0.7055. In addition, Nuvve Holding Corp saw -85.06% 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 NVVE starting from Poilasne Gregory, who purchase 25,000 shares at the price of $2.00 back on Feb 02 ’24. After this action, Poilasne Gregory now owns 90,608 shares of Nuvve Holding Corp, valued at $50,000 using the latest closing price.
Poilasne Gregory, the Chief Executive Officer of Nuvve Holding Corp, purchase 714,000 shares at $0.14 during a trade that took place back on Oct 20 ’23, which means that Poilasne Gregory is holding 2,624,314 shares at $99,960 based on the most recent closing price.
Stock Fundamentals for NVVE
Current profitability levels for the company are sitting at:
- -3.96 for the present operating margin
- 0.14 for the gross margin
The net margin for Nuvve Holding Corp stands at -2336.02. The total capital return value is set at -2.54. Equity return is now at value -180.47, with -100.67 for asset returns.
Based on Nuvve Holding Corp (NVVE), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at -3.81. The debt to equity ratio resting at 0.74. The interest coverage ratio of the stock is -0.0.
Currently, EBITDA for the company is -31.72 million with net debt to EBITDA at -0.11. When we switch over and look at the enterprise to sales, we see a ratio of 0.98. The receivables turnover for the company is 4.7for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.37.
Conclusion
To put it simply, Nuvve Holding Corp (NVVE) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
