Currently, Nerdy Inc [NRDY] is trading at $0.96, up 13.73%. An important factor to consider is whether the stock is rising or falling in short-term value. The NRDY shares have gain 15.84% over the last week, with a monthly amount drifted -8.96%, 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 November 11, 2024, when JP Morgan downgraded its rating to a Underweight. Previously, JMP Securities downgraded its rating to Mkt Perform on November 08, 2024. On November 08, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $1 on the stock. Raymond James downgraded its rating to a Mkt Perform. Northland Capital downgraded its rating to a Market Perform. JP Morgan downgraded its rating to Neutral for this stock on August 09, 2024. In a note dated August 09, 2024, Canaccord Genuity downgraded an Hold rating on this stock and revised its target price from $5 to $3.
This stock has fluctuated between a low of $0.73 and a high of $3.60 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $2.5 within the next 12 months. Nerdy Inc [NYSE: NRDY] shares were valued at $0.96 at the most recent close of the market. An investor can expect a potential return of 160.42% based on the average NRDY price forecast.
Analyzing the NRDY fundamentals
Trailing Twelve Months sales for Nerdy Inc [NYSE:NRDY] were 197.32M which represents -6.86% decline. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at -0.32%, Pretax Profit Margin comes in at -0.31%, and Net Profit Margin reading is -0.19%. To continue investigating profitability, this company’s Return on Assets is posted at -0.36, Equity is -0.76 and Total Capital is -0.9.
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 0.8778 points at the first support level, and at 0.7996 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0120, and for the 2nd resistance point, it is at 1.0680.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nerdy Inc [NYSE:NRDY] is 2.18. On the other hand, the Quick Ratio is 2.18, and the Cash Ratio is 1.81. Considering the valuation of this stock, the price to sales ratio is 0.99, the price to book ratio is 2.54.
Transactions by insiders
Recent insider trading involved Cohn Charles K., Chief Executive Officer, that happened on Nov 12 ’24 when 8.34 million shares were purchased. Chief Financial Officer, Pello Jason H. completed a deal on Sep 16 ’24 to sell 30282.0 shares. Meanwhile, Director Blunt Abigail bought 51000.0 shares on Sep 12 ’24.
