Additionally, the 36-month beta value for NVVE is 1.87. 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 NVVE is 5.87M and currently, short sellers hold a 3.31% ratio of that float. The average trading volume of NVVE on August 05, 2024 was 2.99M shares.
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NVVE) stock’s latest price update
The stock price of Nuvve Holding Corp (NASDAQ: NVVE) has jumped by 11.90 compared to previous close of 0.59. Despite this, the company has seen a gain of 8.37% in its stock price over the last five trading days. 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.
NVVE’s Market Performance
NVVE’s stock has risen by 8.37% in the past week, with a monthly rise of 5.62% and a quarterly drop of -8.63%. The volatility ratio for the week is 14.00% while the volatility levels for the last 30 days are 12.24% for Nuvve Holding Corp The simple moving average for the past 20 days is 7.13% for NVVE’s stock, with a -75.75% 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 0.89% 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 -98.17% of loss for the given period.
Volatility was left at 12.24%, however, over the last 30 days, the volatility rate increased by 14.00%, as shares surge +3.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.65% lower at present.
During the last 5 trading sessions, NVVE rose by +8.37%, which changed the moving average for the period of 200-days by -95.78% in comparison to the 20-day moving average, which settled at $0.6173. In addition, Nuvve Holding Corp saw -86.75% 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 0.62. 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
In conclusion, Nuvve Holding Corp (NVVE) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
