In the latest session, Nuvve Holding Corp (NASDAQ: NVVE) closed at $0.78 down -29.36% from its previous closing price of $1.10. In other words, the price has decreased by -$0.3230 from its previous closing price. On the day, 502684 shares were traded.
Ratios:
For a deeper understanding of Nuvve Holding Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.48. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.42.
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 this company, Chardan Capital Markets on December 21, 2021, initiated with a Buy rating and assigned the stock a target price of $24.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 02 ’24 when Poilasne Gregory bought 25,000 shares for $2.00 per share. The transaction valued at 50,000 led to the insider holds 90,608 shares of the business.
Poilasne Gregory bought 714,000 shares of NVVE for $99,960 on Oct 20 ’23. The Chief Executive Officer now owns 2,624,314 shares after completing the transaction at $0.14 per share. On Oct 20 ’23, another insider, Robson David, who serves as the Chief Financial Officer of the company, bought 357,000 shares for $0.14 each. As a result, the insider paid 49,980 and bolstered with 1,025,958 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, NVVE now has a Market Capitalization of 3.33M and an Enterprise Value of -4.93M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.43 while its Price-to-Book (P/B) ratio in mrq is 2.24. Its current Enterprise Value per Revenue stands at -0.65 whereas that against EBITDA is 0.24.
Stock Price History:
Over the past 52 weeks, NVVE has reached a high of $37.63, while it has fallen to a 52-week low of $0.74. The 50-Day Moving Average of the stock is 1.4633, while the 200-Day Moving Average is calculated to be 11.1178.
Shares Statistics:
For the past three months, NVVE has traded an average of 758.62K shares per day and 232.98k over the past ten days. A total of 4.28M shares are outstanding, with a floating share count of 3.88M. Insiders hold about 9.48% of the company’s shares, while institutions hold 1.71% stake in the company. Shares short for NVVE as of Mar 15, 2024 were 104.15k with a Short Ratio of 0.14, compared to 84.44k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.43% and a Short% of Float of 2.68%.
Earnings Estimates
There are 1 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$5.6 for the current quarter, with a high estimate of -$5.6 and a low estimate of -$5.6, while EPS last year was -$13.2. The consensus estimate for the next quarter is -$4.4, with high estimates of -$4.4 and low estimates of -$4.4.
Analysts are recommending an EPS of between -$40.8 and -$40.8 for the fiscal current year, implying an average EPS of -$40.8. EPS for the following year is -$15.6, with 1 analysts recommending between -$15.6 and -$15.6.
Revenue Estimates
A total of 1 analysts believe the company’s revenue will be $3M this quarter.It ranges from a high estimate of $3M to a low estimate of $3M. As of the current estimate, Nuvve Holding Corp’s year-ago sales were $1.15M, an estimated increase of 161.80% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $4.22M, an increase of 251.70% over than the figure of $161.80% in the same quarter last year. There is a high estimate of $4.22M for the next quarter, whereas the lowest estimate is $4.22M.
A total of 1 analysts have provided revenue estimates for NVVE’s current fiscal year. The highest revenue estimate was $8.9M, while the lowest revenue estimate was $8.9M, resulting in an average revenue estimate of $8.9M. In the same quarter a year ago, actual revenue was $5.37M, up 65.60% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $24.56M in the next fiscal year. The high estimate is $24.56M and the low estimate is $24.56M. The average revenue growth estimate for next year is up 176.00% from the average revenue estimate for this year.
