Nuvve Holding Corp [NVVE] stock prices are up 24.91% to $3.31 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NVVE shares have gain 17.79% over the last week, with a monthly amount glided 4.75%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Nuvve Holding Corp [NASDAQ: NVVE] stock has seen the most recent analyst activity on December 21, 2021, when Chardan Capital Markets initiated its Buy rating and assigned the stock a price target of $24.
The stock price of Nuvve Holding Corp [NVVE] has been fluctuating between $2.22 and $17.30 over the past year. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Nuvve Holding Corp [NASDAQ: NVVE] shares were valued at $3.31 at the most recent close of the market. An investor can expect a potential return of 232.33% based on the average NVVE price forecast.
Analyzing the NVVE fundamentals
The Nuvve Holding Corp [NASDAQ:NVVE] reported sales of 5.14M for trailing twelve months, representing a drop of -27.31%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at -4.43%, Pretax Profit Margin comes in at -3.95%, and Net Profit Margin reading is -3.94%. To continue investigating profitability, this company’s Return on Assets is posted at -1.08, Equity is -5.19 and Total Capital is -2.4. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.62.
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 2.29 points at the first support level, and at 1.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.55, and for the 2nd resistance point, it is at 5.79.
Ratios To Look Out For
It’s worth pointing out that Nuvve Holding Corp [NASDAQ:NVVE]’s Current Ratio is 1.05. Also, the Quick Ratio is 0.42, while the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 0.69, the price to book ratio is 0.72.
Transactions by insiders
Recent insider trading involved Poilasne Gregory, Chief Executive Officer, that happened on Dec 31 ’24 when 1680.0 shares were sold. President and COO, Smith Ted C. completed a deal on Dec 20 ’24 to buy 7155.0 shares. Meanwhile, President and COO Smith Ted C. bought 3928.0 shares on Dec 19 ’24.
