In last trading session, Nerdy Inc (NYSE:NRDY) saw 2.39 million shares changing hands with its beta currently measuring 1.94. Company’s recent per share price level of $2.93 trading at -$0.2 or -6.39% at ring of the bell on the day assigns it a market valuation of $313.69M. That closing price of NRDY’s stock is at a discount of -83.28% from its 52-week high price of $5.37 and is indicating a premium of 21.16% from its 52-week low price of $2.31. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.79 million shares which gives us an average trading volume of 1.14 million if we extend that period to 3-months.
Nerdy Inc (NYSE:NRDY) trade information
Upright in the red during last session for losing -6.39%, in the last five days NRDY remained trading in the red while hitting it’s week-highest on Wednesday, 03/20/24 when the stock touched $2.93 price level, adding 10.67% to its value on the day. Nerdy Inc’s shares saw a change of -14.58% in year-to-date performance and have moved -2.01% in past 5-day. Nerdy Inc (NYSE:NRDY) showed a performance of -2.33% in past 30-days. Number of shares sold short was 3.84 million shares which calculate 3.44 days to cover the short interests.
Nerdy Inc (NRDY) estimates and forecasts
Statistics highlight that Nerdy Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -11.48% of value to its shares in past 6 months, showing an annual growth rate of 19.51% while that of industry is 25.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 47.60% in the current quarter and calculating -133.30% decrease in the next quarter. This year revenue growth is estimated to rise 23.00% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $52.2 million for the same. And 8 analysts are in estimates of company making revenue of $57.35 million in the next quarter that will end on Jun 2024. Company posted $49.18 million and $48.84 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 6.10% while estimating it to be 17.40% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -509.31% during past 5 years.
NRDY Dividends
Nerdy Inc is more likely to be releasing its next quarterly report on February 27 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Nerdy Inc (NYSE:NRDY)’s Major holders
Insiders are in possession of 21.11% of company’s total shares while institution are holding 63.48 percent of that, with stock having share float percentage of 80.47%. Investors also watch the number of corporate investors in a company very closely, which is 63.48% institutions for Nerdy Inc that are currently holding shares of the company. TPG GP A, LLC is the top institutional holder at NRDY for having 10.6 million shares of worth $31.04 million. And as of Dec 30, 2023, it was holding 9.90% of the company’s outstanding shares.
The second largest institutional holder is Greenvale Capital, LLP, which was holding about 8.49 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 7.93% of outstanding shares, having a total worth of $24.88 million.
On the other hand, Franklin Strategic Series-Franklin Small Cap Growth Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2023, the former fund manager was holding 3.83 million shares of worth $11.21 million or 3.57% of the total outstanding shares. The later fund manager was in possession of 1.55 million shares on Dec 30, 2023, making its stake of worth around $4.56 million in the company or a holder of 1.45% of company’s stock.
