A share price of Nerdy Inc [NRDY] is currently trading at $0.95, up 8.51%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NRDY shares have gain 15.65% over the last week, with a monthly amount drifted -42.81%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Nerdy Inc [NYSE: NRDY] stock has seen the most recent analyst activity on August 09, 2024, when Raymond James downgraded its rating to a Mkt Perform. Previously, Northland Capital downgraded its rating to Market Perform on August 09, 2024. On August 09, 2024, downgrade downgraded it’s rating to Neutral. Canaccord Genuity downgraded its rating to a Hold and decreased its price target to $3 on August 09, 2024.
Nerdy Inc experienced fluctuations in its stock price throughout the past year between $0.73 and $5.13. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. Nerdy Inc [NYSE: NRDY] shares were valued at $0.95 at the most recent close of the market. An investor can expect a potential return of 215.79% based on the average NRDY price forecast.
Analyzing the NRDY fundamentals
Trailing Twelve Months sales for Nerdy Inc [NYSE:NRDY] were 200.09M which represents 4.39% growth. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at -0.32%, Pretax Profit Margin comes in at -0.28%, and Net Profit Margin reading is -0.17%. To continue investigating profitability, this company’s Return on Assets is posted at -0.31, Equity is -0.66 and Total Capital is -0.75. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 0.8674 points at the first support level, and at 0.7799 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.9991, and for the 2nd resistance point, it is at 1.0433.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nerdy Inc [NYSE:NRDY] is 3.21. As well, the Quick Ratio is 3.21, while the Cash Ratio is 2.72. Considering the valuation of this stock, the price to sales ratio is 0.52, the price to book ratio is 2.05.
Transactions by insiders
Recent insider trading involved Pello Jason H., Chief Financial Officer, that happened on Jun 17 ’24 when 31586.0 shares were sold. Chief Executive Officer, Cohn Charles K. completed a deal on Jun 14 ’24 to buy 0.35 million shares. Meanwhile, Chief Executive Officer Cohn Charles K. bought 0.35 million shares on Jun 13 ’24.
