Nerdwallet Inc (NASDAQ: NRDS)’s stock price has decreased by -0.08 compared to its previous closing price of 12.94. However, the company has seen a 6.07% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-07 that NerdWallet stock has declined abruptly following its earnings-per-share miss and a broad-based slump in high-beta assets. The company plans to cut its workforce to improve its bottom line, with a potential restructuring charge of $8-10 million. A decline in loan revenue and credit card exposure might linger due to rising credit risk and falling economic indicators.
Is It Worth Investing in Nerdwallet Inc (NASDAQ: NRDS) Right Now?
The stock has a 36-month beta value of 1.45. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for NRDS is 37.84M, and at present, short sellers hold a 4.87% of that float. On September 02, 2024, the average trading volume of NRDS was 411.02K shares.
NRDS’s Market Performance
The stock of Nerdwallet Inc (NRDS) has seen a 6.07% increase in the past week, with a 13.02% rise in the past month, and a -7.31% fall in the past quarter. The volatility ratio for the week is 3.19%, and the volatility levels for the past 30 days are at 3.60% for NRDS. The simple moving average for the past 20 days is 10.27% for NRDS’s stock, with a -7.94% simple moving average for the past 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 -4.90% 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 -25.26% of loss for the given period.
Volatility was left at 3.60%, however, over the last 30 days, the volatility rate increased by 3.19%, as shares surge +14.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.36% lower at present.
During the last 5 trading sessions, NRDS rose by +6.07%, which changed the moving average for the period of 200-days by +17.33% in comparison to the 20-day moving average, which settled at $11.81. In addition, Nerdwallet Inc saw -12.16% 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 5,000 shares at the price of $12.01 back on Aug 19 ’24. After this action, YOUNT SAMUEL now owns 2,329,471 shares of Nerdwallet Inc, valued at $60,050 using the latest closing price.
YOUNT SAMUEL, the VP, General Manager of Nerdwallet Inc, sale 7,500 shares at $15.04 during a trade that took place back on Jul 03 ’24, which means that YOUNT SAMUEL is holding 2,334,471 shares at $112,800 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 -2.98, with -2.59 for asset returns.
Based on Nerdwallet Inc (NRDS), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 13.04. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 5.0.
Currently, EBITDA for the company is 51.8 million with net debt to EBITDA at -2.44. When we switch over and look at the enterprise to sales, we see a ratio of 1.53. The receivables turnover for the company is 5.98for trailing twelve months and the total asset turnover is 1.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.27.
Conclusion
To sum up, Nerdwallet Inc (NRDS) 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.
