At the time of writing, Nerdy Inc [NRDY] stock is trading at $1.67, up 0.60%. 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 9.15% over the last week, with a monthly amount drifted -9.73%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Nerdy Inc fluctuated between $0.73 and $3.60. Currently, Wall Street analysts expect the stock to reach $2.5 within the next 12 months. Nerdy Inc [NYSE: NRDY] shares were valued at $1.67 at the most recent close of the market. An investor can expect a potential return of 49.7% based on the average NRDY price forecast.
Analyzing the NRDY fundamentals
According to Nerdy Inc [NYSE:NRDY], the company’s sales were 197.32M for trailing twelve months, which represents an -6.86% plunge. 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 1.6250 points at the first support level, and at 1.5800 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.7100, and for the 2nd resistance point, it is at 1.7500.
Ratios To Look Out For
It is important to note that Nerdy Inc [NYSE:NRDY] has a current ratio of 2.18. Also, the Quick Ratio is 2.18, while the Cash Ratio stands at 1.81. Considering the valuation of this stock, the price to sales ratio is 1.53, the price to book ratio is 4.43.
Transactions by insiders
Recent insider trading involved Pello Jason H., Chief Financial Officer, that happened on Dec 16 ’24 when 30242.0 shares were sold. Chief Executive Officer, Cohn Charles K. completed a deal on Dec 13 ’24 to buy 3.0 million shares. Meanwhile, Chief Executive Officer Cohn Charles K. bought 2.0 million shares on Dec 16 ’24.
