Nvni Group Ltd (NASDAQ:NVNI) price closed higher on current market day and jumping 6.34% above its previous close.
A look at the daily price movement shows that the last close reads $0.25, with intraday deals fluctuated between $0.2337 and $0.3286. Taking into account the 52-week price action we note that the stock hit a 52-week high of $12.19 and 52-week low of $0.22. The stock subtracted -92.93% on its value in the past month.
Nvni Group Ltd, which has a market valuation of $8.74 million, is expected to release its quarterly earnings report in April.
Staying with the analyst view, there is a consensus estimate of 187.07M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 10.70% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give NVNI a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Sell.
The overview shows that NVNI’s price is at present -79.48% off the SMA20 and -89.87% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 28.30, with weekly volatility standing at 17.29%. The indicator jumps to 32.06% when calculated based on the past 30 days. Nvni Group Ltd (NASDAQ:NVNI)’s beta value is holding at 0.02, while the average true range (ATR) indicator is currently reading 0.49.
An analysis of the Nvni Group Ltd (NASDAQ:NVNI) stock in terms of its daily trading volume indicates that the 3-month average is 16.15 million. However, this figure increases on the past 10-day timeline to an average of 33.67 million.
Current records show that the company has 33.39M in outstanding shares. The insiders’ percentage holdings are 60.49% of outstanding shares while the percentage share held by institutions stands at 3.66%. But the -89.32% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
