Is There More Upside Ahead For Nerdwallet Inc (NASDAQ: NRDS)

Nerdwallet Inc (NRDS) concluded trading on Wednesday at a closing price of $15.06, with 5.56 million shares of worth about $83.7 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.44% during that period and on October 30, 2024 the price saw a gain of about 33.04%. Currently the company’s common shares owned by public are about 45.25M shares, out of which, 38.06M shares are available for trading.

Stock saw a price change of 36.78% in past 5 days and over the past one month there was a price change of 21.35%. Year-to-date (YTD), NRDS shares are showing a performance of 2.31% which increased to 42.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.48 but also hit the highest price of $17.30 during that period. The average intraday trading volume for Nerdwallet Inc shares is 611.27K. The stock is currently trading 24.87% above its 20-day simple moving average (SMA20), while that difference is up 21.53% for SMA50 and it goes to 8.38% higher than SMA200.

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Nerdwallet Inc (NASDAQ: NRDS) currently have 45.25M outstanding shares and institutions hold larger chunk of about 38.80% of that.

The stock has a current market capitalization of $1.19B and its 3Y-monthly beta is at 1.42. It has posted earnings per share of -$0.14 in the same period. It has Quick Ratio of 2.91 while making debt-to-equity ratio of 0.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NRDS, volatility over the week remained 6.24% while standing at 4.47% over the month.

Stock’s fiscal year EPS is expected to rise by 35.56% while it is estimated to increase by 484.48% in next year.

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 Citigroup on May 03, 2023 offering a Neutral rating for the stock and assigned a target price range of between $15 and $14 to it. On November 29, 2021, Truist Initiated their recommendations, while on November 29, 2021, Oppenheimer Initiated their ratings for the stock with a price target of $30. Stock get an Equal-weight rating from Morgan Stanley on November 29, 2021.

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