Nerdy Inc. (NYSE:NRDY) is a stock that investors should take a bite out of.

After finishing at $2.39 in the prior trading day, Nerdy Inc. (NYSE: NRDY) closed at $2.22, down -7.11%. In other words, the price has decreased by -$0.1700 from its previous closing price. On the day, 616497 shares were traded. NRDY stock price reached its highest trading level at $2.4900 during the session, while it also had its lowest trading level at $2.2200.

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Ratios:

Our goal is to gain a better understanding of NRDY by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.10 and its Current Ratio is at 3.10. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on May 17, 2022, Downgraded its rating to Neutral and sets its target price to $3 from $8 previously.

On March 30, 2022, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $7.

Needham reiterated its Buy rating for the stock on March 01, 2022, while the target price for the stock was revised from $13 to $8.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 17 when Cohn Charles K. bought 108,204 shares for $2.26 per share. The transaction valued at 244,541 led to the insider holds 10,216,408 shares of the business.

Cohn Charles K. bought 108,204 shares of NRDY for $271,592 on Nov 16. The Chief Executive Officer now owns 10,108,204 shares after completing the transaction at $2.51 per share. On Nov 15, another insider, Robinson Heidi, who serves as the Chief Product Officer of the company, sold 19,000 shares for $2.41 each. As a result, the insider received 45,847 and left with 1,212,050 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 2.07 while its Price-to-Book (P/B) ratio in mrq is 4.04.

Stock Price History:

Over the past 52 weeks, NRDY has reached a high of $6.66, while it has fallen to a 52-week low of $1.59. The 50-Day Moving Average of the stock is 2.3126, while the 200-Day Moving Average is calculated to be 3.1529.

Shares Statistics:

The stock has traded on average 1.32M shares per day over the past 3-months and 634.37k shares per day over the last 10 days, according to various share statistics. A total of 87.71M shares are outstanding, with a floating share count of 71.14M. Insiders hold about 13.30% of the company’s shares, while institutions hold 66.30% stake in the company. Shares short for NRDY as of Oct 13, 2022 were 5.13M with a Short Ratio of 6.03M, compared to 4.56M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 5.51% and a Short% of Float of 9.17%.

Earnings Estimates

Its stock is currently analyzed by 9 different market analysts. On average, analysts expect EPS of -$0.28 for the current quarter, with a high estimate of -$0.18 and a low estimate of -$0.37, while EPS last year was -$0.19. The consensus estimate for the next quarter is -$0.14, with high estimates of -$0.02 and low estimates of -$0.25.

Analysts are recommending an EPS of between -$0.37 and -$0.65 for the fiscal current year, implying an average EPS of -$0.58. EPS for the following year is -$0.58, with 7 analysts recommending between -$0.07 and -$1.18.

Revenue Estimates

9 analysts predict $31.75M in revenue for the current quarter. It ranges from a high estimate of $32.84M to a low estimate of $30.8M. As of the current estimate, Nerdy Inc.’s year-ago sales were $31.3M, an estimated increase of 1.40% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $47.23M, an increase of 12.40% over than the figure of $1.40% in the same quarter last year. There is a high estimate of $51M for the next quarter, whereas the lowest estimate is $42.85M.

A total of 9 analysts have provided revenue estimates for NRDY’s current fiscal year. The highest revenue estimate was $172M, while the lowest revenue estimate was $164.42M, resulting in an average revenue estimate of $168.1M. In the same quarter a year ago, actual revenue was $140.66M, up 19.50% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $213.44M in the next fiscal year. The high estimate is $233M and the low estimate is $202.74M. The average revenue growth estimate for next year is up 27.00% from the average revenue estimate for this year.