Moreover, the 36-month beta value for NRDY is 1.89. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for NRDY is 39.69M and currently, short sellers hold a 13.54% of that float. On November 26, 2024, NRDY’s average trading volume was 1.83M shares.
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NRDY) stock’s latest price update
Nerdy Inc (NYSE: NRDY)’s stock price has soared by 7.91 in relation to previous closing price of 1.39. Nevertheless, the company has seen a gain of 19.04% in its stock price over the last five trading days. businesswire.com reported 2024-11-12 that ST. LOUIS–(BUSINESS WIRE)–Nerdy Inc. (NYSE: NRDY) today announced that it received a notice from the New York Stock Exchange (“NYSE”) on November 12, 2024 that it is not in compliance with the continued listing criteria under Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company’s Class A Common Stock was less than $1.00 over a consecutive 30 trading-day period. The Company plans to notify the NYSE by November 12, 2024 that it intends to cure the s.
NRDY’s Market Performance
NRDY’s stock has risen by 19.04% in the past week, with a monthly rise of 59.77% and a quarterly rise of 48.50%. The volatility ratio for the week is 14.75% while the volatility levels for the last 30 days are 11.37% for Nerdy Inc. The simple moving average for the past 20 days is 45.59% for NRDY’s stock, with a -16.00% simple moving average for the past 200 days.
Analysts’ Opinion of NRDY
Cantor Fitzgerald gave a rating of “Neutral” to NRDY, setting the target price at $1 in the report published on November 08th of the current year.
NRDY Trading at 48.45% 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 -58.34% of loss for the given period.
Volatility was left at 11.37%, however, over the last 30 days, the volatility rate increased by 14.75%, as shares surge +59.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +40.95% upper at present.
During the last 5 trading sessions, NRDY rose by +17.46%, which changed the moving average for the period of 200-days by -58.54% in comparison to the 20-day moving average, which settled at $1.0292. In addition, Nerdy Inc saw -56.27% 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 Cohn Charles K., who purchase 136,753 shares at the price of $1.28 back on Nov 21 ’24. After this action, Cohn Charles K. now owns 24,360,637 shares of Nerdy Inc, valued at $175,044 using the latest closing price.
Blunt Abigail, the Director of Nerdy Inc, purchase 20,000 shares at $1.39 during a trade that took place back on Nov 21 ’24, which means that Blunt Abigail is holding 121,045 shares at $27,800 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
- 0.68 for the gross margin
The net margin for Nerdy Inc stands at -0.19. The total capital return value is set at -0.9. Equity return is now at value -81.39, with -33.06 for asset returns.
Currently, EBITDA for the company is -50.8 million with net debt to EBITDA at 1.19. When we switch over and look at the enterprise to sales, we see a ratio of 1.01. The receivables turnover for the company is 26.58for trailing twelve months and the total asset turnover is 1.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.18.
Conclusion
To wrap up, the performance of Nerdy Inc (NRDY) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
