Nerdy Inc (NYSE:NRDY) price on Wednesday, December 04, rose 2.68% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.53.
A look at the stock’s price movement, the close in the last trading session was $1.49, moving within a range at $1.485 and $1.63. The beta value (5-Year monthly) was 1.704. Turning to its 52-week performance, $3.60 and $0.73 were the 52-week high and 52-week low respectively. Overall, NRDY moved 70.68% over the past month.
Nerdy Inc’s market cap currently stands at around $275.98 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 44.99M for the company’s revenue for the quarter, with a low and high estimate of 43.76M and 45.9M respectively. The average forecast suggests down to a -18.32% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 187.16M, representing a -3.22% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NRDY is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 3 recommend NRDY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NRDY’s current price about 29.66% and 44.50% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 69.57, while 7-day volatility ratio is 11.61% and 12.50% in the 30-day chart. Further, Nerdy Inc (NRDY) has a beta value of 2.02, and an average true range (ATR) of 0.13. Analysts have given the company’s stock an average 52-week price target of $2.5, forecast between a low of $2.5 and high of $2.5. Looking at the price targets, the low is -63.4% off current price level while to achieve the yearly target high, price needs to move -63.4%. Nonetheless, investors will most likely welcome a -63.4% jump to $2.5 which is the analysts’ median price.
If we refocus on Nerdy Inc (NYSE:NRDY), historical trading data shows that trading volumes averaged 2.84 over the past 10 days and 1.90 million over the past 3 months. The company’s latest data on shares outstanding shows there are 114.97 million shares.
The 65.52% of Nerdy Inc’s shares are in the hands of company insiders while institutional holders own 27.56% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.75 million on 2024-11-15, giving us a short ratio of 2.98. The data shows that as of 2024-11-15 short interest in Nerdy Inc (NRDY) stood at 574.0 of shares outstanding, with shares short falling to 6.18 million registered in 2024-10-15. Current price change has pushed the stock -55.39% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NRDY stock continues to rise going into the next quarter.
