Geode Capital Management LLC has recently announced that it has increased stake in Nuvve Holding Corp (NASDAQ:NVVE) by 40.33%. After grabbing 0.2 million shares, the institutional investor is now in possession of 56110.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 0.44% having worth around $35726.0. Moreover, Connectus Wealth LLC increased its share by 0.13 million to have a control over 0.13 million shares. And NEIRG Wealth Management LLC raised its holdings to 18000.0 shares by acquiring 0.1 million shares or 0.23% of the stake.
Nuvve Holding Corp (NVVE) concluded trading on 11/29/23 at a closing price of $0.17, with 3.96 million shares of worth about $0.67 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -66.73% during that period and on Wednesday the price remained unchanged. Currently the company’s common shares owned by public are about 24.27M shares, out of which, 20.39M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the NVVE stock and their offered price forecasts bring an average price target of $2.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $2.50 and could fall to a lowest price of $2.50. The stock’s current price level is 93.2% above of average price target set by the analysts, while a rise to estimated low would result in gain of 93.2% for the stock. However, touching the estimated high of $2.50 would mean a gain of 93.2% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 42 times over the past 12 months. They bought 3,328,882 shares in 40 of the transactions. In 2 selling transactions, insiders dumped 31,900 shares.
GS Fds. SICAV – Glb. Environmenta, Vanguard Total Stock Market ETF, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Nuvve Holding Corp GS Fds. SICAV – Glb. Environmenta is currently holding 0.7 million shares of worth totaling $0.13 million. The company recently came selling 36961.0 shares which brought its stake up to 1.57% of the company’s outstanding shares. Vanguard Extended Market Index Fu, after buying 0.18 million shares, have now control over 0.40% of the stake in the company. It holds 0.0 shares of worth $32566.0.
Nuvve Holding Corp (NASDAQ: NVVE) started trading at $0.18, above $0.01 from concluding price of the previous day. Stock saw a price change of 12.56% in past 5 days and over the past one month there was a price change of 4.34%. Year-to-date (YTD), NVVE shares are showing a performance of -74.18% which decreased to -72.97% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.13 but also hit the highest price of $2.64 during that period. The average intraday trading volume for Nuvve Holding Corp shares is 3.58 million. The stock is currently trading -0.14% below its 20-day simple moving average (SMA20), while that difference is down -30.90% for SMA50 and it goes to -67.18% lower than SMA200.
Geode Capital Management LLC acquired 0.2 million shares of Nuvve Holding Corp having value of about $35726.0. Data submitted at the U.S SEC by Geode Capital Management LLC revealed that the firm now holds 56110.0 shares in the company valued at close to $9538.7, or have control over 40.33% stake in the company. Nuvve Holding Corp (NASDAQ: NVVE) currently have 24.27M outstanding shares and institutions hold larger chunk of about 7.40% of that. Holding of mutual funds in the company is about 3.24% while other institutional holders and individual stake holders have control over 4.17% and 11.56% of the stake respectively.
The stock has a current market capitalization of $7.78M and its 3Y-monthly beta is at 1.92. It has posted earnings per share of -$1.21 in the same period. It has Quick Ratio of 1.10 while making debt-to-equity ratio of 0.50. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NVVE, volatility over the week remained 15.10% while standing at 11.88% over the month.
Analysts are in expectations that Nuvve Holding Corp (NVVE) stock would likely to be making an EPS of -$0.14 in the current quarter, while forecast for next quarter EPS is -$0.11 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.14 which is -$0.14 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.33 in the same quarter a year ago.
Analysts at 1 brokerage firms have issued recommendations for the Nuvve Holding Corp (NVVE)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Chardan Capital Markets on December 21, 2021 offering a Buy rating for the stock and assigned a target price of $24 to it.
