A share price of Nerdy Inc [NRDY] is currently trading at $1.04, up 0.97%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling.
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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 $3.69. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. Nerdy Inc [NYSE: NRDY] shares were valued at $1.04 at the most recent close of the market. An investor can expect a potential return of 188.46% 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 1.0267 points at the first support level, and at 1.0133 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0567, and for the 2nd resistance point, it is at 1.0733.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nerdy Inc [NYSE:NRDY] is 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 0.59, the price to book ratio is 2.24.
Transactions by insiders
Recent insider trading involved Pello Jason H., Chief Financial Officer, that happened on Sep 16 ’24 when 30282.0 shares were sold. Director, Blunt Abigail completed a deal on Sep 12 ’24 to buy 51000.0 shares. Meanwhile, Director Blunt Abigail bought 49045.0 shares on Sep 11 ’24.
