Nerdy Inc (NYSE:NRDY) Has Reached A Distance Of 56.55% From Its Low, So Is It Poised For More Gains?

In recent trading session, Nerdy Inc (NYSE:NRDY) saw 0.87 million shares changing hands at last check today with its beta currently measuring 1.96. Company’s recent per share price level of $1.68 trading at -$0.03 or -1.75% at last check today assigns it a market valuation of $303.03M. That most recent trading price of NRDY’s stock is at a discount of -114.29% from its 52-week high price of $3.60 and is indicating a premium of 56.55% from its 52-week low price of $0.73. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.27 million shares which gives us an average trading volume of 2.15 million if we extend that period to 3-months.

For Nerdy Inc (NRDY), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.09 in the current quarter.

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Nerdy Inc (NYSE:NRDY) trade information

Upright in the red during last session for losing -1.75%, in the last five days NRDY remained trading in the green while hitting it’s week-highest on Tuesday, 12/17/24 when the stock touched $1.68 price level, adding 22.94% to its value on the day. Nerdy Inc’s shares saw a change of -51.02% in year-to-date performance and have moved 5.00% in past 5-day. Nerdy Inc (NYSE:NRDY) showed a performance of 33.33% in past 30-days. Number of shares sold short was 5.67 million shares which calculate 2.37 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 2.5 to the stock, which implies a rise of 32.8% to its recent value today. Analysts have been projecting 2.5 as a low price target for the stock while placing it at a high target of 2.5. It follows that stock’s current price would drop -48.81% in reaching the projected high whereas dropping to the targeted low would mean a loss of -48.81% for stock’s current value.

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 added 0.60% of value to its shares in past 6 months, showing an annual growth rate of 0.00% while that of industry is 19.90. This year revenue growth is estimated to fall -3.22% from the last financial year’s standing.

8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 44.99M for the same. And 6 analysts are in estimates of company making revenue of 47.5M in the next quarter. Company posted 55.08M and 53.7M of sales in current and next quarters respectively a year earlier.

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.

Nerdy Inc (NYSE:NRDY)’s Major holders

Insiders are in possession of 50.29% of company’s total shares while institution are holding 37.72 percent of that, with stock having share float percentage of 75.88%. Investors also watch the number of corporate investors in a company very closely, which is 37.72% 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 $17.69 million. And as of 2024-06-30, it was holding 9.8151 of the company’s outstanding shares.

The second largest institutional holder is GREENVALE CAPITAL LLP, which was holding about 9.0 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.3371 of outstanding shares, having a total worth of $15.03 million.