How have the shares performed?
Nuvve Holding Corp. (NVVE) saw downtrend of -6.84% in the recent trading with $12.26 being its most recent. The current price level -46.09% lower than the highest price of $22.74 marked by the stock while trading over the past 52-weeks, whereas it is 74.89% higher than the lowest price of $7.01 the company dropped to over past 52-weeks. The latest news story on NVVE appeared in PR Newswire under the title “Nuvve Joins V2Market Partnership to Expand Vehicle-to-Grid Markets in Europe” on Jun-15-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -8.16% below one month high and is +40.92% above of the lowest during that time. Looking into the simple moving average, Nuvve Holding Corp. (NVVE)’s stock stands at a SMA-50 of $10.66 while that of 5-day is reading $12.47.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and NVVE’s SMA-200 as of now is $12.95.
Nuvve Holding Corp. Earnings – What Happened With NVVE
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $799.0 million.
NVVE – Nuvve Holding Corp. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 10.41 million. NVVE does have institutional investors; and they hold 28.30% of the stock.
Nuvve Holding Corp. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 3 new insider purchases involving 87,591 shares. On the other hand, NVVE declared 0 shares have been sold in 0 insider transactions over the past three months.
As on Mar 30, 2021, Janney Montgomery Scott LLC was the top most holder in Nuvve Holding Corp. (NASDAQ:NVVE) with an ownership of 26193.0 shares of the company or 0.14% of the stake worth $0.26 million. The filing also reveals Creative Planning as the second largest holder in the company with a control over 0.07% of the outstanding shares. Its stake is worth $0.12 million for having 12306.0 shares in hand.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Nuvve Holding Corp. was 0.59 while posting a debt to equity ratio of 0.01.
Nuvve Holding Corp.’s return on equity, or ROE, is -11.90%, compared to the industry average of 4.29% for Consumer Cyclical – Specialty Retail. Although this indicates that NVVE fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Nuvve Holding Corp. (NASDAQ:NVVE) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Nuvve Holding Corp. (NVVE), we notice that the stock’s 20-day average volume is at 471,020 shares. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 741,306 shares. And to end, NVVE’s 100-day average volume is 518,162 shares with 50% of the long-term indicators pointing towards Sell for the stock.