Nvni Group Ltd [NASDAQ: NVNI] gained 56.20% or 0.68 points to close at $1.89 with a heavy trading volume of 4074948 shares.
The daily chart for NVNI points out that the company has recorded -22.54% loss over the past six months.
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If we look at the average trading volume of 4.62K shares, NVNI reached to a volume of 4074948 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Nvni Group Ltd [NVNI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NVNI shares is $5.01 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NVNI 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.
The Average True Range (ATR) for Nvni Group Ltd is set at 0.21 The Price to Book ratio for the last quarter was 0.53, with the Price to Cash per share for the same quarter was set at 0.00.
Trading performance analysis for NVNI stock
Nvni Group Ltd [NVNI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 47.66. With this latest performance, NVNI shares gained by 56.20% in over the last four-week period, additionally sinking by -22.54% over the last 6 months – not to mention a drop of -81.93% 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 NVNI stock in for the last two-week period is set at 72.28, with the RSI for the last a single of trading hit 78.85, and the three-weeks RSI is set at 66.93 for Nvni Group Ltd [NVNI]. The present Moving Average for the last 50 days of trading for this stock 1.2703, while it was recorded at 1.3700 for the last single week of trading.
Nvni Group Ltd [NVNI]: A deeper dive into fundamental analysis
Nvni Group Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.02 and a Current Ratio set at 0.02.
An analysis of Institutional ownership at Nvni Group Ltd [NVNI]
The top three institutional holders of NVNI 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 NVNI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in NVNI stock with ownership which is approximately 5.1238%.
