Nerdwallet Inc [NRDS] stock prices are down -2.25% to $11.32 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NRDS shares have gain 2.72% over the last week, with a monthly amount drifted -10.94%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Nerdwallet Inc [NASDAQ: NRDS] stock has seen the most recent analyst activity on May 03, 2023, when Citigroup downgraded its rating to a Neutral and also revised its price target to $14 from $15. On November 29, 2021, Truist initiated with a Buy rating and assigned a price target of $30 on the stock. Oppenheimer started tracking the stock assigning a Outperform rating and suggested a price target of $30 on November 29, 2021. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $24 as its price target on November 29, 2021. KeyBanc Capital Markets started tracking with a Overweight rating for this stock on November 29, 2021, and assigned it a price target of $35. In a note dated November 29, 2021, Citigroup initiated an Buy rating and provided a target price of $30 on this stock.
The stock price of Nerdwallet Inc [NRDS] has been fluctuating between $9.48 and $17.30 over the past year. Currently, Wall Street analysts expect the stock to reach $18.67 within the next 12 months. Nerdwallet Inc [NASDAQ: NRDS] shares were valued at $11.32 at the most recent close of the market. An investor can expect a potential return of 64.93% based on the average NRDS price forecast.
Analyzing the NRDS fundamentals
The Nerdwallet Inc [NASDAQ:NRDS] reported sales of 599.00M for trailing twelve months, representing a surge of 5.09%. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.03 and Total Capital is 0.02.
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 11.02 points at the first support level, and at 10.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.80, and for the 2nd resistance point, it is at 12.27.
Ratios To Look Out For
It’s worth pointing out that Nerdwallet Inc [NASDAQ:NRDS]’s Current Ratio is 4.27. On the other hand, the Quick Ratio is 4.27, and the Cash Ratio is 1.08. Considering the valuation of this stock, the price to sales ratio is 1.49, the price to book ratio is 2.34.
Transactions by insiders
Recent insider trading involved Topline Capital Management, LL, that happened on Oct 22 ’24 when 0.41 million shares were purchased., Topline Capital Management, LL completed a deal on Oct 21 ’24 to buy 49722.0 shares. Meanwhile, 10% Owner Topline Capital Partners, LP bought 0.41 million shares on Oct 22 ’24.
