In the last trading session, 1.32 million Nuvve Holding Corp (NASDAQ:NVVE) shares changed hands as the company’s beta touched 1.92. With the company’s per share price at $0.17 changed hands at $0.0 or 0.00% during last session, the market valuation stood at $7.42M. NVVE’s last price was a discount, traded about -1452.94% off its 52-week high of $2.64. The share price had its 52-week low at $0.13, which suggests the last value was 23.53% up since then. When we look at Nuvve Holding Corp’s average trading volume, we note the 10-day average is 1.35 million shares, with the 3-month average coming to 3.46 million.
Analysts gave the Nuvve Holding Corp (NVVE) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended NVVE as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Nuvve Holding Corp’s EPS for the current quarter is expected to be -$0.14.
Nuvve Holding Corp (NASDAQ:NVVE) trade information
The company’s shares are showing year-to-date downside of -75.37%, with the 5-day performance at 1.23% in the green. However, in the 30-day time frame, Nuvve Holding Corp (NASDAQ:NVVE) is 12.09% up. Looking at the short shares, we see there were 3.12 million shares sold at short interest cover period of 0.34 days.
The consensus price target for the stock as assigned by Wall Street analysts is $2.50, meaning bulls need an upside of 93.2% from its current market value. According to analyst projections, NVVE’s forecast low is $2.50 with $2.50 as the target high. To hit the forecast high, the stock’s price needs a -1370.59% plunge from its current level, while the stock would need to soar -1370.59% for it to hit the projected low.
Nuvve Holding Corp (NVVE) estimates and forecasts
Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Nuvve Holding Corp will rise 57.60%, while the growth in revenue is estimated to hit 65.60% for the next quarter. Year-over-year growth is forecast to reach 65.60% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $3 million. 1 analysts are of the opinion that Nuvve Holding Corp’s revenue for the quarter ending Mar 2024 will be $4.22 million. The company’s revenue for the corresponding quarters a year ago was $1.15 million and $1.2 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 161.80%. The estimates for the next quarter sales put growth at 251.70%.
The 2023 estimates are for Nuvve Holding Corp earnings to increase by 14.29%.
Nuvve Holding Corp is expected to release its next quarterly earnings report on November 09.
Nuvve Holding Corp (NASDAQ:NVVE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 26.88% of Nuvve Holding Corp shares while 16.71% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 22.85%. There are 16.71% institutions holding the Nuvve Holding Corp stock share, with Goldman Sachs Group Inc the top institutional holder. As of Jun 29, 2023, the company held 2.16% of the shares, roughly 0.7 million NVVE shares worth $0.41 million.
Yaupon Capital Management, LP holds the second largest percentage of outstanding shares, with 1.49% or 0.48 million shares worth $0.29 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 0.23 million shares estimated at $0.14 million under it, the former controlled 0.73% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 0.55% of the shares, roughly 0.18 million shares worth around $0.11 million.