Nerdwallet Inc [NRDS] stock is trading at $14.51, down -1.23%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NRDS shares have gain 28.07% over the last week, with a monthly amount glided 15.53%, and 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.
Nerdwallet Inc [NRDS] stock has fluctuated between $10.10 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 $14.51 at the most recent close of the market. An investor can expect a potential return of 28.67% based on the average NRDS price forecast.
Analyzing the NRDS fundamentals
Nerdwallet Inc [NASDAQ:NRDS] reported sales of 637.50M for the trailing twelve months, which represents a growth of 25.20%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 14.14 points at the first support level, and at 13.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.91, and for the 2nd resistance point, it is at 15.32.
Ratios To Look Out For
For context, Nerdwallet Inc’s Current Ratio is 2.91. Also, the Quick Ratio is 2.91, while the Cash Ratio stands at 1.08. Considering the valuation of this stock, the price to sales ratio is 1.65, the price to book ratio is 3.33.
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.
