In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Nerdwallet Inc (NASDAQ: NRDS) closed the day trading at $12.65 down -1.86% from the previous closing price of $12.89. In other words, the price has decreased by -$1.86 from its previous closing price. On the day, 0.64 million shares were traded. NRDS stock price reached its highest trading level at $13.1 during the session, while it also had its lowest trading level at $12.39.
Ratios:
For a better understanding of NRDS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.24. For the most recent quarter (mrq), Quick Ratio is recorded 4.17 and its Current Ratio is at 4.17. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
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, Citigroup on May 03, 2023, Downgraded its rating to Neutral and sets its target price to $14 from $15 previously.
On November 29, 2021, Truist started tracking the stock assigning a Buy rating and target price of $30.Truist initiated its Buy rating on November 29, 2021, with a $30 target price.
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 Mar 05 ’24 when YOUNT SAMUEL sold 1,335 shares for $16.71 per share. The transaction valued at 22,308 led to the insider holds 2,347,857 shares of the business.
YOUNT SAMUEL sold 6,309 shares of NRDS for $101,985 on Feb 23 ’24. The VP, General Manager now owns 2,350,242 shares after completing the transaction at $16.16 per share. On Nov 02 ’23, another insider, TAYLOR MAURICE KEVIN, who serves as the Director of the company, sold 800 shares for $11.04 each. As a result, the insider received 8,832 and left with 43,028 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NRDS now has a Market Capitalization of 1001768640 and an Enterprise Value of 881084480. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.66 while its Price-to-Book (P/B) ratio in mrq is 3.65. Its current Enterprise Value per Revenue stands at 1.489 whereas that against EBITDA is 31.808.
Stock Price History:
The Beta on a monthly basis for NRDS is 1.43, which has changed by 0.011999965 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, NRDS has reached a high of $17.30, while it has fallen to a 52-week low of $6.38. The 50-Day Moving Average of the stock is -15.93%, while the 200-Day Moving Average is calculated to be 3.86%.
Shares Statistics:
Over the past 3-months, NRDS traded about 357.11K shares per day on average, while over the past 10 days, NRDS traded about 447100 shares per day. A total of 45.25M shares are outstanding, with a floating share count of 37.67M. Insiders hold about 51.52% of the company’s shares, while institutions hold 31.79% stake in the company. Shares short for NRDS as of 1713139200 were 1574890 with a Short Ratio of 4.41, compared to 1710460800 on 1665568. Therefore, it implies a Short% of Shares Outstanding of 1574890 and a Short% of Float of 4.1300002000000005.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 6.0 analysts currently analyzing and rating the stock of Nerdwallet Inc (NRDS).On average, analysts expect EPS of -$0.01 for the current quarter, with a high estimate of $0.03 and a low estimate of -$0.05, while EPS last year was -$0.14. The consensus estimate for the next quarter is $0.11, with high estimates of $0.17 and low estimates of $0.05.
Analysts are recommending an EPS of between $0.32 and -$0.03 for the fiscal current year, implying an average EPS of $0.22. EPS for the following year is $0.44, with 6.0 analysts recommending between $0.66 and $0.13.
Revenue Estimates
6 analysts predict $148.57M in revenue for the current quarter. It ranges from a high estimate of $152M to a low estimate of $140.58M. As of the current estimate, Nerdwallet Inc’s year-ago sales were $137.3MFor the next quarter, 6 analysts are estimating revenue of $167.32M. There is a high estimate of $171.55M for the next quarter, whereas the lowest estimate is $163.7M.
A total of 7 analysts have provided revenue estimates for NRDS’s current fiscal year. The highest revenue estimate was $639M, while the lowest revenue estimate was $620.15M, resulting in an average revenue estimate of $628.19M. In the same quarter a year ago, actual revenue was $599.4MBased on 7 analysts’ estimates, the company’s revenue will be $704.3M in the next fiscal year. The high estimate is $728M and the low estimate is $683.47M.
