Nerdy Inc (NRDY): A Technical Analysis

NRDY has 36-month beta value of 1.68. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 0 as “sell.”

The public float for NRDY is 47.52M, and currently, short sellers hold a 13.82% ratio of that float. The average trading volume of NRDY on October 09, 2024 was 2.40M shares.

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NRDY) stock’s latest price update

The stock of Nerdy Inc (NYSE: NRDY) has decreased by -2.15 when compared to last closing price of 1.02.Despite this, the company has seen a gain of 0.41% in its stock price over the last five trading days. businesswire.com reported 2024-10-04 that BOSTON–(BUSINESS WIRE)–Digital Ready is pleased to announce an exciting partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, to provide students with access to their platform for free, so that students can get on-demand academic support when they need as they pursue their college and career goals. This partnership ensures that students and their families have access to academic tutoring and resources for the entire school.

NRDY’s Market Performance

Nerdy Inc (NRDY) has experienced a 0.41% rise in stock performance for the past week, with a 10.64% rise in the past month, and a -35.61% drop in the past quarter. The volatility ratio for the week is 5.72%, and the volatility levels for the past 30 days are at 6.91% for NRDY. The simple moving average for the past 20 days is 0.43% for NRDY’s stock, with a -54.13% simple moving average for the past 200 days.

NRDY Trading at -8.45% from the 50-Day Moving Average

After a stumble in the market that brought NRDY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -74.47% of loss for the given period.

Volatility was left at 6.91%, however, over the last 30 days, the volatility rate increased by 5.72%, as shares surge +8.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.97% lower at present.

During the last 5 trading sessions, NRDY rose by +0.41%, which changed the moving average for the period of 200-days by -68.41% in comparison to the 20-day moving average, which settled at $0.9938. In addition, Nerdy Inc saw -70.90% 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 NRDY starting from Pello Jason H., who sale 30,282 shares at the price of $0.99 back on Sep 16 ’24. After this action, Pello Jason H. now owns 2,325,918 shares of Nerdy Inc, valued at $29,979 using the latest closing price.

Blunt Abigail, the Director of Nerdy Inc, purchase 51,000 shares at $0.91 during a trade that took place back on Sep 12 ’24, which means that Blunt Abigail is holding 101,045 shares at $46,410 based on the most recent closing price.

Stock Fundamentals for NRDY

Current profitability levels for the company are sitting at:

  • -0.32 for the present operating margin
  • 0.69 for the gross margin

The net margin for Nerdy Inc stands at -0.17. The total capital return value is set at -0.75. Equity return is now at value -75.83, with -29.28 for asset returns.

Based on Nerdy Inc (NRDY), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -11074000.0. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 5.85.

Currently, EBITDA for the company is -50.99 million with net debt to EBITDA at 1.15. When we switch over and look at the enterprise to sales, we see a ratio of 0.54. The receivables turnover for the company is 27.62for trailing twelve months and the total asset turnover is 1.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.21.

Conclusion

To put it simply, Nerdy Inc (NRDY) has had a mixed 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.

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