Nuvve Holding Corp (NASDAQ: NVVE)’s stock price has increased by 19.14 compared to its previous closing price of 0.56. However, the company has seen a 7.29% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-05-23 that SAN DIEGO, May 23, 2024 /PRNewswire/ — Nuvve Holding Corp. (“Nuvve”) (Nasdaq: NVVE), a green energy technology company that provides a globally-available, commercial vehicle-to-grid (V2G) technology platform designed to enable electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provides other grid services, today announced that it has engaged Cappello Global, LLC (“Cappello Global”) as its strategic financial advisor to identify potential strategic transaction opportunities to assist with Nuvve’s capital needs that will support both its near term and long term growth objectives. During this engagement, the Company expects to review various potential strategic transaction opportunities aimed at strengthening Nuvve’s balance sheet to support growth acceleration and asset development in line with Nuvve’s forward trajectory as a leading global V2G green technology company.
Is It Worth Investing in Nuvve Holding Corp (NASDAQ: NVVE) Right Now?
The stock has a 36-month beta value of 1.81. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for NVVE is 5.63M, and at present, short sellers hold a 2.06% of that float. On June 26, 2024, the average trading volume of NVVE was 2.84M shares.
NVVE’s Market Performance
The stock of Nuvve Holding Corp (NVVE) has seen a 7.29% increase in the past week, with a 2.60% rise in the past month, and a -29.18% fall in the past quarter. The volatility ratio for the week is 8.45%, and the volatility levels for the past 30 days are at 19.31% for NVVE. The simple moving average for the past 20 days is -0.90% for NVVE’s stock, with a -85.42% 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 -2.36% 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 -98.14% of loss for the given period.
Volatility was left at 19.31%, however, over the last 30 days, the volatility rate increased by 8.45%, as shares sank -2.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.48% lower at present.
During the last 5 trading sessions, NVVE rose by +1.89%, which changed the moving average for the period of 200-days by -96.73% in comparison to the 20-day moving average, which settled at $0.6738. In addition, Nuvve Holding Corp saw -86.58% 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:
- -4.43 for the present operating margin
- 0.15 for the gross margin
The net margin for Nuvve Holding Corp stands at -4.3. The total capital return value is set at -2.13. Equity return is now at value -215.26, with -101.27 for asset returns.
Based on Nuvve Holding Corp (NVVE), the company’s capital structure generated 0.78 points at debt to capital in total, while cash flow to debt ratio is standing at -3.7. The debt to equity ratio resting at 3.64. The interest coverage ratio of the stock is 1663.47.
Currently, EBITDA for the company is -31.72 million with net debt to EBITDA at -0.0. When we switch over and look at the enterprise to sales, we see a ratio of 0.59. The receivables turnover for the company is 5.55for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.67.
Conclusion
To sum up, Nuvve Holding Corp (NVVE) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
