JP Morgan has recently reduced Nerdy Inc (NRDY) stock to Underweight rating, as announced on November 11, 2024, according to Finviz. Earlier, on November 8, 2024, JMP Securities had reduced the stock from a Mkt Outperform to Mkt Perform. Cantor Fitzgerald also reduced Neutral rating with a price target of $1. Additionally, Raymond James reduced Mkt Perform rating on August 9, 2024. Northland Capital analysts, in their report published on August 9, 2024, also reduced Market Perform rating for Nerdy Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Nerdy Inc (NRDY) Stock Trading Recap
On Friday, Nerdy Inc (NRDY) stock saw a modest uptick, ending the day at $1.53 which represents a slight increase of $0.15 or 10.87% from the prior close of $1.38. The stock opened at $1.44 and touched a low of $1.42 during the day, reaching a high of $1.66. The volume of shares traded was 3.45 million exceeding the average volume of 1.86 million.
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NRDY Stock Performance and Moving Averages
In recent trading, Nerdy Inc (NRDY) stock price has shown some volatility, fluctuating 15.91% over the last five trades and 64.52% 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 -10.53%, and it has gained 41.67% in the previous three months. Currently, NRDY is trading at 41.34%, 49.18%, and -13.44% 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 -57.50% below its 52-week high but remains 110.48% above its 52-week low. The Average True Range (ATR) (14 days) of 0.13 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 financial health. The company currently boasts an operating margin of -32.42% and a profit margin of -19.31%, with a gross margin of -10.53%. 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 $275.98 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 1.4, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 4.06, 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 66.78% of Nerdy Inc (NRDY)’s shares, while financial institutions hold 27.54%.
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.
