Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Nuvve Holding Corp (NASDAQ: NVVE) was $1.45 for the day, down -8.23% from the previous closing price of $1.58. In other words, the price has decreased by -$8.23 from its previous closing price. On the day, 2.46 million shares were traded.
Ratios:
Our analysis of NVVE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.38 and its Current Ratio is at 0.78.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 31 ’24 when Poilasne Gregory sold 1,680 shares for $0.00 per share. The transaction valued at 0 led to the insider holds 7,381 shares of the business.
Smith Ted C. bought 7,155 shares of NVVE for $20,606 on Dec 20 ’24. The President and COO now owns 12,855 shares after completing the transaction at $2.88 per share. On Dec 19 ’24, another insider, Smith Ted C., who serves as the President and COO of the company, bought 3,928 shares for $2.75 each. As a result, the insider paid 10,802 and bolstered with 5,700 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.84.
Stock Price History:
Over the past 52 weeks, NVVE has reached a high of $17.30, while it has fallen to a 52-week low of $0.82. The 50-Day Moving Average of the stock is 13.37%, while the 200-Day Moving Average is calculated to be -56.10%.
Shares Statistics:
A total of 3.07M shares are outstanding, with a floating share count of 2.34M. Insiders hold about 23.75% of the company’s shares, while institutions hold 6.58% stake in the company.
