Nuvve (NASDAQ:NVVE) Stock Jumps 1.8% – Should You Buy?
by Kim Johansen · The Markets DailyShares of Nuvve Holding Corp. (NASDAQ:NVVE – Get Free Report) rose 1.8% during mid-day trading on Wednesday. The stock traded as high as $0.8650 and last traded at $0.8650. 1,110 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 465,007 shares. The stock had previously closed at $0.85.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nuvve in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Nuvve currently has a consensus rating of “Sell”.
Get Our Latest Research Report on Nuvve
Nuvve Price Performance
The stock has a market capitalization of $425,250.00, a PE ratio of -0.00 and a beta of 1.71. The stock’s 50 day simple moving average is $1.19 and its two-hundred day simple moving average is $10.56.
Nuvve (NASDAQ:NVVE – Get Free Report) last released its earnings results on Friday, August 14th. The company reported ($14.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($34,560.00) by $34,545.55. The company had revenue of $1.23 million for the quarter, compared to the consensus estimate of $1.90 million.
About Nuvve
Nuvve Holding Corp. develops vehicle-to-grid (V2G) technology designed to connect electric vehicles with the power grid. Its platform uses bidirectional charging, allowing electricity to flow between electric vehicles and the grid so vehicle batteries can serve as distributed energy resources when they are connected and available.
The company provides charging hardware, cloud-based software, and energy-management services for electric-vehicle fleets. Its solutions are intended for applications including school buses, commercial fleets, public transportation, and other vehicles that have predictable charging schedules.