Nerdy Inc (NYSE:NRDY) price on Friday, June 13, fall -5.92% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.59.
A look at the stock’s price movement, the close in the last trading session was $1.69. Turning to its 52-week performance, $2.18 and $0.73 were the 52-week high and 52-week low respectively. Overall, NRDY moved -9.14% over the past month.
Nerdy Inc’s market cap currently stands at around $292.82 million, with investors looking forward to this quarter’s earnings report slated for in July.
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 -5.94% and -0.75% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.56, while 7-day volatility ratio is 4.01% and 3.45% in the 30-day chart. Further, Nerdy Inc (NRDY) has a beta value of 1.93, and an average true range (ATR) of 0.09. 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 -57.23% off current price level while to achieve the yearly target high, price needs to move -57.23%. Nonetheless, investors will most likely welcome a -57.23% 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 638.34K over the past 3 months. The company’s latest data on shares outstanding shows there are 119.36 million shares.
The 71.87% of Nerdy Inc’s shares are in the hands of company insiders while institutional holders own 20.19% of the company’s shares. Current price change has pushed the stock -1.85% 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.
