Nvni Group Ltd (NASDAQ:NVNI) price on Thursday, March 20, rose 1.54% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.26.
A look at the stock’s price movement, the close in the last trading session was $0.25, moving within a range at $0.2548 and $0.2686. Turning to its 52-week performance, $12.19 and $0.22 were the 52-week high and 52-week low respectively. Overall, NVNI moved -90.10% over the past month.
Nvni Group Ltd’s market cap currently stands at around $8.56 million, with investors looking forward to this quarter’s earnings report slated for in April.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 187.07M, representing a 10.70% jump 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 NVNI is a 100% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
NVNI’s current price about -67.22% and -89.23% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 28.52, while 7-day volatility ratio is 15.70% and 28.72% in the 30-day chart. Further, Nvni Group Ltd (NVNI) has a beta value of -0.20, and an average true range (ATR) of 0.37.
If we refocus on Nvni Group Ltd (NASDAQ:NVNI), historical trading data shows that trading volumes averaged 18.67 over the past 10 days and 17.01 million over the past 3 months. The company’s latest data on shares outstanding shows there are 33.39 million shares.
The 60.49% of Nvni Group Ltd’s shares are in the hands of company insiders while institutional holders own 3.66% of the company’s shares. Current price change has pushed the stock -89.53% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NVNI stock continues to rise going into the next quarter.
