Nuvve Holding Corp [NASDAQ: NVVE] gained 3.69% on the last trading session, reaching $0.63 price per share at the time.
If compared to the average trading volume of 3.01M shares, NVVE reached a trading volume of 4461062 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Nuvve Holding Corp [NVVE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NVVE shares is $100.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NVVE stock is a recommendation set at 1.00. 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.
Chardan Capital Markets have made an estimate for Nuvve Holding Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 21, 2021.
The Average True Range (ATR) for Nuvve Holding Corp is set at 0.09, with the Price to Sales ratio for NVVE stock in the period of the last 12 months amounting to 0.58. The Price to Book ratio for the last quarter was 0.58, with the Price to Cash per share for the same quarter was set at 0.88.
Trading performance analysis for NVVE stock
Nuvve Holding Corp [NVVE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.02. With this latest performance, NVVE shares gained by 9.94% in over the last four-week period, additionally sinking by -78.78% over the last 6 months – not to mention a drop of -97.41% 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 NVVE stock in for the last two-week period is set at 48.20, with the RSI for the last a single of trading hit 49.00, and the three-weeks RSI is set at 47.45 for Nuvve Holding Corp [NVVE]. The present Moving Average for the last 50 days of trading for this stock 0.6690, while it was recorded at 0.6164 for the last single week of trading, and 3.1925 for the last 200 days.
Nuvve Holding Corp [NVVE]: A deeper dive into fundamental analysis
Nuvve Holding Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.97 and a Current Ratio set at 1.67.
An analysis of Institutional ownership at Nuvve Holding Corp [NVVE]
The top three institutional holders of NVVE stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in NVVE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in NVVE stock with ownership which is approximately 5.1238%.