Nuvve Holding Corp (NVVE) Is Another Fantastic Bargain Stock

Nuvve Holding Corp (NASDAQ:NVVE) has a beta value of 1.91 and has seen 1.01 million shares traded in the last trading session. The company, currently valued at $2.55M, closed the last trade at $2.81 per share which meant it gained $0.05 on the day or 1.81% during that session. The NVVE stock price is -2177.58% off its 52-week high price of $64.00 and 8.19% above the 52-week low of $2.58. If we look at the company’s 10-day average daily trading volume, we find that it stood at 18190.0 shares traded. The 3-month trading volume is 18.10K shares.

The consensus among analysts is that Nuvve Holding Corp (NVVE) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.

Nuvve Holding Corp (NASDAQ:NVVE) trade information

Sporting 1.81% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NVVE stock price touched $2.81 or saw a rise of 35.99%. Year-to-date, Nuvve Holding Corp shares have moved -9.94%, while the 5-day performance has seen it change -13.54%. Over the past 30 days, the shares of Nuvve Holding Corp (NASDAQ:NVVE) have changed -16.61%. Short interest in the company has seen 16643.0 shares shorted with days to cover at 0.42.

Wall Street analysts have a consensus price target for the stock at $11, which means that the shares’ value could jump 74.45% from current levels. The projected low price target is $11.0 while the price target rests at a high of $11.0. In that case, then, we find that the current price level is -291.46% off the targeted high while a plunge would see the stock gain -291.46% from current levels.

Nuvve Holding Corp (NVVE) estimates and forecasts

The company’s shares have lost -53.86% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -51.33% over the past 5 years.

NVVE Dividends

Nuvve Holding Corp is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Nuvve Holding Corp (NASDAQ:NVVE)’s Major holders

Insiders own 34.89% of the company shares, while shares held by institutions stand at 22.69% with a share float percentage of 34.86%. Investors are also buoyed by the number of investors in a company, with Nuvve Holding Corp having a total of 28.0 institutions that hold shares in the company. The top two institutional holders are FARTHER FINANCE ADVISORS, LLC with over 13.0 shares worth more than $9.0. As of 2024-06-30, FARTHER FINANCE ADVISORS, LLC held 0.0003% of shares outstanding.

The other major institutional holder is YOUR ADVOCATES LTD., LLP, with the holding of over 3.0 shares as of 2024-06-30. The firm’s total holdings are worth over $2.0 and represent 0.0001% of shares outstanding.