How Analysts Feel About NerdWallet Inc. (NRDS)?

0
8

As of Wednesday close, NerdWallet Inc.’s (NASDAQ:NRDS) stock was up $0.19, moving up 1.45 percent to $13.32. The average number of shares traded per day over the past five days has been 618,240 shares. 3 times new highs have been achieved over the past 5 days, with a $0.58 gain in that time frame. In the last twenty days, the average volume was 578,545, while in the previous 50 days, it was 392,106.

Since last month, NRDS stock rose 25.90%. Shares of the company fell to $9.70 on 10/24/22, the lowest level in the past month. A 52-week high of $27.25 was reached on 02/07/22 after having rallying from a 52-week low of $7.07. Since the beginning of this year, NRDS’s stock price has dropped by -14.34% or -$2.23, and marked a new high 2 times. However, the stock has declined by -51.12% since its 52-week high.


Do You Own These 7 Inflation-Survival Stocks?

Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.

Click here to get your free copy of the report

Sponsored


NRDS stock investors should be aware that NerdWallet Inc. (NRDS) stock had its last reported insider trading activity 13 days ago on Nov 11. Yuann Kevin, the Chief Business Officer of the company, disposed of 1,500 shares for $13.14 on Nov 11. It resulted in a $19,710 divestment by the insider. Yuann Kevin sold 1,500 shares at an average price of $11.28 on Oct 11. The insider now owns 211,703 shares following the transaction. On Sep 12, Chief Business Officer Yuann Kevin sold 1,500 shares at $11.27 apiece. The transaction was valued at $16,905.

Financial Health

In the three months ended June 29, NerdWallet Inc.’s quick ratio stood at 2.90, while its current ratio was 2.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.22, and the total debt-to-equity ratio was 0.22. On the profitability front, the trailing twelve-month gross margin is 93.00% percent. In the year ended June 29, operating margins totaled -7.30%. Based on annual data, NRDS earned $351.1 million in gross profit and brought in $379.6 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -17.00%. Return on equity (ROE) for the past 12 months was -9.90%.

In NerdWallet Inc.’s quarter-end financial report for June 29, it reported total debt of $70.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NRDS’s revenue rose 99.33% to $125.2 million during the quarter, while net income inched up to $142.6 million. While analysts expected NerdWallet Inc. to report -$0.1 quarterly earnings, the actual figure was -$0.14 per share. During the quarter, the company generated $2.0 million in EBITDA. The liabilities of NerdWallet Inc. were 166.7 million at the end of its most recent quarter ended June 29, and its total debt was $14.2 million. The value of shareholders’ equity is $74.33 million.

Technical Picture

This quick technical analysis looks at NerdWallet Inc.’s (NRDS) price momentum. With a historical volatility rate of 59.98%, the RSI 9-day stood at 55.14% on 23 November.

With respect to its five-day moving average, the current NerdWallet Inc. price is up by +4.55% percent or $0.58. At present, NRDS shares trade +20.00% above its 20-day simple moving average and +48.99% percent above its 100-day simple moving average. However, the stock is currently trading approximately +17.56% above its SMA50 and -13.11% below its SMA200.

Stochastic coefficient K was 64.58% and Stochastic coefficient D was 78.66%, while ATR was 0.96. Given the Stochastic reading of 53.18% for the 14-day period, the RSI (14) reading has been calculated as 56.56%. As of today, the MACD Oscillator reading stands at 0.10, while the 14-day reading stands at 0.11.

Analyst Ratings

William Blair launched its rating on NerdWallet Inc. (NASDAQ: NRDS) to an Outperform in a note to investors on November 29, 2021. NerdWallet Inc. (NRDS) has been rated Buy by analysts. According to 0 brokerage firms, NRDS is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate NerdWallet Inc. stock as buy, with 6 recommending it as overweight.

With a median target price of $16.00, the current consensus forecast for the stock is $12.00 – $26.00. Based on these forecasts, analysts predict NerdWallet Inc. (NRDS) will achieve an average price target of $17.86.

LEAVE A REPLY

Please enter your comment!
Please enter your name here