Nuvve Holding Corp [NASDAQ: NVVE] traded at a high on Thursday, posting a 8.57 gain after which it closed the day’ session at $1.14.
The results of the trading session contributed to over 4604695 shares changing hands. Over the past one week, the price volatility of Nuvve Holding Corp stands at 24.77% while the volatility over the past one month is 12.87%.
The market cap for NVVE stock reached $3.50 million, with 3.07 million shares outstanding and 2.34 million shares in the current float. Compared to the average trading volume of 1.18M shares, NVVE reached a trading volume of 4604695 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $1000.00 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 0.17, with the Price to Sales ratio for NVVE stock in the period of the last 12 months amounting to 0.66.
How has NVVE stock performed recently?
Nuvve Holding Corp [NVVE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 23.68. With this latest performance, NVVE shares gained by 27.38% in over the last four-week period, additionally sinking by -68.85% over the last 6 months – not to mention a drop of -83.36% 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 52.99, with the RSI for the last a single of trading hit 63.12, and the three-weeks RSI is set at 46.39 for Nuvve Holding Corp [NVVE]. The present Moving Average for the last 50 days of trading for this stock 1.3083, while it was recorded at 1.0350 for the last single week of trading, and 3.3635 for the last 200 days.
Nuvve Holding Corp [NVVE]: Deeper insight into the fundamentals
Nuvve Holding Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.38 and a Current Ratio set at 0.78.
