Nerdy Inc. (NYSE:NRDY) saw a downside of -4.08% to $5.05 after subtracting -$0.22 on Monday. The 5-day average trading volume is 848,136 shares of the company’s common stock. It has gained $5.37 in the past week and touched a new high 3 times within the past 5 days. An average of 706,379 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 931,628.
NRDY’s 1-month performance is 22.10% or $0.91 on its low of $4.10 reached on 07/10/23. The company’s shares have touched a 52-week low of $1.80 and high of $5.37, with the stock’s rally to the 52-week high happening on 08/04/23. YTD, NRDY has achieved 124.67% or $2.80 and has reached a new high 19 times. However, the current price is down -5.87% from the 52-week high price.
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Insider Transactions
NRDY stock investors last saw insider trading activity on Aug 04.Swenson Christopher C. (Chief Legal Officer) most recently sold 3,000 shares at $5.25 per share on Aug 04. This transaction cost the insider $15,750. Chief Legal Officer, Swenson Christopher C., sold 35,000 shares at a price of $3.90 on Jun 26. Then, on May 16, Chief Financial Officer Pello Jason H. sold 34,250 shares at a price of $3.31 per share. This transaction amounted to $113,368.
Valuation Metrics
NRDY stock has a beta of 2.04. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.87 while the price-to-book (PB) in the most recent quarter is 12.96.
Nerdy Inc.’s quick ratio for the period ended March 30 was 3.00, with the current ratio over the same period at 3.00. In terms of profitability, the gross margin trailing 12 months is 69.20%. The trailing 12-month EBITDA margin is -51.53% while for the period ending March 30, Nerdy Inc.’s operating margin was -49.40%. The firm’s gross profit as reported stood at $112.93 million against revenue of $162.66 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 10.99% to -$18.93 million, while revenue of -$8.73 million was 53.88% off the previous quarter. Analysts expected NRDY to announce -$0.04 per share in earnings in its latest quarter, but it posted $0, representing a 100.00% surprise. EBITDA for the quarter stood at more than -$9.67 million. Shareholders hold equity totaling $167.26 million.
Let’s look briefly at Nerdy Inc. (NRDY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 August was 68.05% to suggest the stock is trending Neutral, with historical volatility in this time period at 58.07%.
The stock’s 5-day moving average is $5.05, reflecting a +2.33% or $0.11 change from its current price. NRDY is currently trading +17.83% above its 20-day SMA, +50.45% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +56.50% and SMA200 by+136.21%.
Stochastic %K and %D was 84.42% and 88.17% and the average true range (ATR) pointed at 0.26. The RSI (14) points at 67.57%, while the 14-day stochastic is at 74.39% with the period’s ATR at 0.25. The stock’s 9-day MACD Oscillator is pointing at 0.25 and 0.45 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Nerdy Inc. (NYSE: NRDY), Goldman downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for NRDY stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate NRDY as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is NRDY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.50 and a high of $8.00, with their median price target at $5.00. Looking at these predictions, the average price target given by analysts is for Nerdy Inc. (NRDY) stock is $5.28.
