Nerdy Inc. [NRDY] Stock trading around $3.29 per share: What’s Next?

Nerdy Inc. [NYSE: NRDY] price surged by 31.08 percent to reach at $0.78.


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A sum of 6295737 shares traded at recent session while its average daily volume was at 638.71K shares. Nerdy Inc. shares reached a high of $3.33 and dropped to a low of $2.80 until finishing in the latest session at $3.29.

The one-year NRDY stock forecast points to a potential upside of 24.02. The average equity rating for NRDY stock is currently 2.10, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Nerdy Inc. [NRDY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NRDY shares is $4.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NRDY stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Nerdy Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 17, 2022. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on March 30, 2022, representing the official price target for Nerdy Inc. stock. Previously, the target price had yet another drop from $13 to $8, while Needham kept a Buy rating on NRDY stock.

The Average True Range (ATR) for Nerdy Inc. is set at 0.25, with the Price to Sales ratio for NRDY stock in the period of the last 12 months amounting to 3.51. The Price to Book ratio for the last quarter was 5.98, with the Price to Cash per share for the same quarter was set at 0.61.

NRDY Stock Performance Analysis:

Nerdy Inc. [NRDY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.64. With this latest performance, NRDY shares gained by 19.64% in over the last four-week period, additionally plugging by 7.87% over the last 6 months – not to mention a drop of -27.05% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NRDY stock in for the last two-week period is set at 62.28, with the RSI for the last a single of trading hit 65.76, and the three-weeks RSI is set at 60.83 for Nerdy Inc. [NRDY]. The present Moving Average for the last 50 days of trading for this stock 2.62, while it was recorded at 2.67 for the last single week of trading, and 2.53 for the last 200 days.

Insight into Nerdy Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Nerdy Inc. [NRDY] shares currently have an operating margin of -66.43 and a Gross Margin at +65.45. Nerdy Inc.’s Net Margin is presently recorded at -2.69.

Return on Equity for this stock declined to -7.46, with Return on Assets sitting at -2.13.

Nerdy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.10 and a Current Ratio set at 3.10.

Nerdy Inc. [NRDY] Insider Position Details

There are presently around $220 million, or 66.30% of NRDY stock, in the hands of institutional investors. The top three institutional holders of NRDY stocks are: TPG GP A, LLC with ownership of 11,723,250, which is approximately -11.344% of the company’s market cap and around 12.30% of the total institutional ownership; GREENVALE CAPITAL LLP, holding 8,035,800 shares of the stock with an approximate value of $26.44 million in NRDY stocks shares; and GOLDMAN SACHS GROUP INC, currently with $22.8 million in NRDY stock with ownership of nearly 124.219% of the company’s market capitalization.

Positions in Nerdy Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 35 institutional holders increased their position in Nerdy Inc. [NYSE:NRDY] by around 9,358,705 shares. Additionally, 33 investors decreased positions by around 4,626,045 shares, while 23 investors held positions by with 52,974,331 shares. The mentioned changes placed institutional holdings at 66,959,081 shares, according to the latest SEC report filing. NRDY stock had 10 new institutional investments in for a total of 5,045,863 shares, while 13 institutional investors sold positions of 742,506 shares during the same period.

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