At the time of writing, Nerdy Inc [NRDY] stock is trading at $1.12, up 9.80%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NRDY shares have gain 17.28% over the last week, with a monthly amount drifted -36.00%, 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.
For the past year, the stock price of Nerdy Inc fluctuated 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 $1.12 at the most recent close of the market. An investor can expect a potential return of 167.86% based on the average NRDY price forecast.
Analyzing the NRDY fundamentals
According to Nerdy Inc [NYSE:NRDY], the company’s sales were 200.09M for trailing twelve months, which represents an 4.39% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 1.0433 points at the first support level, and at 0.9667 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.1783, and for the 2nd resistance point, it is at 1.2367.
Ratios To Look Out For
It is important to note that Nerdy Inc [NYSE:NRDY] has a current ratio of 3.21. Also, the Quick Ratio is 3.21, while the Cash Ratio stands at 2.72. Considering the valuation of this stock, the price to sales ratio is 0.63, the price to book ratio is 2.41.
Transactions by insiders
Recent insider trading involved Cohn Charles K., Chief Executive Officer, that happened on Aug 19 ’24 when 2.17 million shares were purchased. Chief Executive Officer, Cohn Charles K. completed a deal on Aug 16 ’24 to buy 10.99 million shares. Meanwhile, Chief Financial Officer Pello Jason H. sold 50903.0 shares on Aug 16 ’24.
