Periscope Capital, Inc. has recently announced that it has increased stake in Nvni Group Ltd (NASDAQ:NVNI) by 65.93%. After grabbing 0.25 million shares, the institutional investor is now in possession of 98900.0 shares of the Technology Company. The new investment brought the stake of investor firm to 0.90% having worth around $0.47 million. Moreover, Polar Asset Management Partners, increased its share by 2780.0 to have a control over 17780.0 shares. And UBS Securities LLC raised its holdings to 441.0 shares by acquiring 441.0 shares or 0.00% of the stake.
Nvni Group Ltd (NVNI) concluded trading on 01/10/24 at a closing price of $2.39, with 15.58 million shares of worth about $37.25 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -77.13% during that period and on Wednesday the price saw a gain of about 23.74%. Currently the company’s common shares owned by public are about 23.00M shares, out of which, 2.48M shares are available for trading.
Fidelity Nasdaq Composite Index F, First Trust Alternative Opportuni, and RiverNorth Opportunities Fund Inc are the top 3 mutual funds which are holding stakes in Nvni Group Ltd Fidelity Nasdaq Composite Index F is currently holding 3381.0 shares of worth totaling $6322.0. The company recently came buying 0.0 shares which brought its stake up to 0.01% of the company’s outstanding shares. RiverNorth Opportunities Fund Inc, after selling 0.0 shares, have now control over 0.00% of the stake in the company. It holds 64028.0 shares of worth $0.0.
Nvni Group Ltd (NASDAQ: NVNI) started trading at $2.64, above $0.71 from concluding price of the previous day. Stock saw a price change of 37.36% in past 5 days and over the past one month there was a price change of 49.38%. Year-to-date (YTD), NVNI shares are showing a performance of 60.40% which decreased to -76.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.29 but also hit the highest price of $12.12 during that period. The average intraday trading volume for Nvni Group Ltd shares is 22.16K. The stock is currently trading 45.64% above its 20-day simple moving average (SMA20), while that difference is up 17.93% for SMA50 and it goes to -69.28% lower than SMA200.
Periscope Capital, Inc. acquired 0.25 million shares of Nvni Group Ltd having value of about $0.47 million. Data submitted at the U.S SEC by Periscope Capital, Inc. revealed that the firm now holds 98900.0 shares in the company valued at close to $236371.0, or have control over 65.93% stake in the company. Nvni Group Ltd (NASDAQ: NVNI) currently have 23.00M outstanding shares and institutions hold larger chunk of about 6.94% of that. Holding of mutual funds in the company is about 0.02% while other institutional holders and individual stake holders have control over 2.41% and — of the stake respectively.
The stock has a current market capitalization of $23.18M and its 3Y-monthly beta is at -0.25. It has posted earnings per share of -$0.04 in the same period. It has Quick Ratio of 0.02 while making debt-to-equity ratio of 0.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NVNI, volatility over the week remained 16.53% while standing at 16.24% over the month.
Analysts are in expectations that Nvni Group Ltd (NVNI) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$ in the same quarter a year ago.
Analysts at 1 brokerage firms have issued recommendations for the Nvni Group Ltd (NVNI)’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”.
