The stock of Nerdwallet Inc (NRDS) has seen a -4.05% decrease in the past week, with a 26.88% gain in the past month, and a 14.60% flourish in the past quarter. The volatility ratio for the week is 5.83%, and the volatility levels for the past 30 days are at 5.67% for NRDS. The simple moving average for the past 20 days is -1.69% for NRDS’s stock, with a 0.91% simple moving average for the past 200 days.
Is It Worth Investing in Nerdwallet Inc (NASDAQ: NRDS) Right Now?
Additionally, the 36-month beta value for NRDS is 1.33. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for NRDS is 33.79M and currently, short sellers hold a 11.59% ratio of that float. The average trading volume of NRDS on November 22, 2024 was 706.07K shares.
NRDS) stock’s latest price update
Nerdwallet Inc (NASDAQ: NRDS) has experienced a rise in its stock price by 7.88 compared to its previous closing price of 12.95. However, the company has seen a fall of -4.05% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-07 that Shares of NerdWallet have soared after the company posted much better than expected Q3 results. Revenue growth accelerated sharply to 25% y/y, driven by an uptick in consumers shopping around for new insurance plans. Still, we have to watch out for softer traffic trends, which the company expects to get worse heading into Q4.
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 6.59% 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 -19.25% of loss for the given period.
Volatility was left at 5.67%, however, over the last 30 days, the volatility rate increased by 5.83%, as shares surge +27.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.49% upper at present.
During the last 5 trading sessions, NRDS fell by -4.05%, which changed the moving average for the period of 200-days by -4.45% in comparison to the 20-day moving average, which settled at $14.21. In addition, Nerdwallet Inc saw -5.10% 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 Topline Capital Management, LL, who purchase 412,055 shares at the price of $11.35 back on Oct 22 ’24. After this action, Topline Capital Management, LL now owns 5,251,145 shares of Nerdwallet Inc, valued at $4,676,824 using the latest closing price.
Topline Capital Management, LL, the of Nerdwallet Inc, purchase 49,722 shares at $12.05 during a trade that took place back on Oct 21 ’24, which means that Topline Capital Management, LL is holding 4,839,090 shares at $599,150 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
- 0.9 for the gross margin
The net margin for Nerdwallet Inc stands at -0.02. The total capital return value is set at 0.02. Equity return is now at value -3.06, with -2.55 for asset returns.
Currently, EBITDA for the company is 55.3 million with net debt to EBITDA at -1.16. When we switch over and look at the enterprise to sales, we see a ratio of 1.5. The receivables turnover for the company is 6.2for trailing twelve months and the total asset turnover is 1.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.91.
Conclusion
In conclusion, Nerdwallet Inc (NRDS) has seen mixed performance in recent times. Analysts have a bullish 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.
