Nuvve Holding Corp [NVVE] stock is trading at $0.66, up 11.90%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NVVE shares have gain 8.37% over the last week, with a monthly amount glided 5.62%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Nuvve Holding Corp [NASDAQ: NVVE] stock has seen the most recent analyst activity on December 21, 2021, when Chardan Capital Markets initiated its Buy rating and assigned the stock a price target of $24.
Nuvve Holding Corp [NVVE] stock has fluctuated between $0.51 and $36.00 over the past year. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Nuvve Holding Corp [NASDAQ: NVVE] shares were valued at $0.66 at the most recent close of the market. An investor can expect a potential return of 1566.67% based on the average NVVE price forecast.
Analyzing the NVVE fundamentals
Nuvve Holding Corp [NASDAQ:NVVE] reported sales of 7.18M for the trailing twelve months, which represents a drop of -57.96%. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at -4.43%, Pretax Profit Margin comes in at -4.3%, and Net Profit Margin reading is -4.3%. To continue investigating profitability, this company’s Return on Assets is posted at -1.3, Equity is -3.21 and Total Capital is -2.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.64.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.5473 points at the first support level, and at 0.4347 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7803, and for the 2nd resistance point, it is at 0.9007.
Ratios To Look Out For
For context, Nuvve Holding Corp’s Current Ratio is 1.67. Further, the Quick Ratio stands at 0.97, while the Cash Ratio is 0.6. Considering the valuation of this stock, the price to sales ratio is 0.60, the price to book ratio is 0.60.
Transactions by insiders
Recent insider trading involved Poilasne Gregory, Chief Executive Officer, that happened on Feb 02 ’24 when 25000.0 shares were purchased. Chief Executive Officer, Poilasne Gregory completed a deal on Oct 20 ’23 to buy 0.71 million shares. Meanwhile, Chief Financial Officer Robson David bought 0.36 million shares on Oct 20 ’23.
