Raymond James has recently reduced Nerdy Inc (NRDY) stock to Mkt Perform rating, as announced on August 9, 2024, according to Finviz. Earlier, on August 9, 2024, Northland Capital had reduced the stock from a Outperform to Market Perform. JP Morgan also reduced Neutral rating. Additionally, Canaccord Genuity reduced Hold rating on August 9, 2024, with a target price of $3. JP Morgan analysts, in their report published on March 11, 2024, also resumed Overweight rating and set a price target of $5 for Nerdy Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Nerdy Inc (NRDY) Stock Trading Recap
On Thursday, Nerdy Inc (NRDY) stock saw a decline, ending the day at $0.9 which represents a decrease of $-0.03 or -3.23% from the prior close of $0.93. The stock opened at $0.93 and touched a low of $0.87 during the day, reaching a high of $0.95. The volume of shares traded was 1.41 million falling short of the average volume of 2.44 million.
NRDY Stock Performance and Moving Averages
In recent trading, Nerdy Inc (NRDY) stock price has shown some volatility, fluctuating -6.84% over the last five trades and -11.37% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -65.76%, and it has plunged by -45.54% in the previous three months. Currently, NRDY is trading at -8.71%, -9.28%, and -54.38% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, NRDY, a Technology sector stock, is trading -74.89% below its 52-week high but remains 24.36% above its 52-week low. The Average True Range (ATR) (14 days) of 0.05 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Nerdy Inc’s Profitability and Valuation Ratios
Nerdy Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -31.89% and a profit margin of -17.23%, with a gross margin of -65.76%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Nerdy Inc’s market capitalization stands at $160.95 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 0.8, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.94, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 57.80% of Nerdy Inc (NRDY)’s shares, while financial institutions hold 50.21%.
Notable insider trades include Pello Jason H., Chief Financial Officer at Nerdy Inc (NRDY), who sold 41896 shares on Feb 21 ’24, at $3.13 each, totaling $0.13 million.
