As of Thursday close, Nerdy Inc.’s (NYSE:NRDY) stock was down -$0.18, moving down -5.16 percent to $3.31. The average number of shares traded per day over the past five days has been 942,480 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.83 fall in that time frame. In the last twenty days, the average volume was 689,830, while in the previous 50 days, it was 774,204.
Since last month, NRDY stock retreated -23.20%. Shares of the company fell to $3.29 on 09/21/23, the lowest level in the past month. A 52-week high of $5.37 was reached on 08/04/23 after having rallying from a 52-week low of $1.80. Since the beginning of this year, NRDY’s stock price has risen by 47.11% or $1.06, and marked a new high 19 times. However, the stock has declined by -38.36% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
NRDY stock investors should be aware that Nerdy Inc. (NRDY) stock had its last reported insider trading activity 4 days ago on Sep 18. Pello Jason H., the Chief Financial Officer of the company, disposed of 31,735 shares for $3.68 on Sep 18. It resulted in a $116,785 divestment by the insider. Cohn Charles K. added 10,327 shares at an average price of $4.85 on Sep 05. The insider now owns 10,787,588 shares following the transaction. On Sep 01, Chief Executive Officer Cohn Charles K. bought 15,650 shares at $4.80 apiece. The transaction was valued at $75,120.
Valuation Metrics
The stock’s beta is 2.17. Besides these, the trailing price-to-sales (P/S) ratio of 3.49, the price-to-book (PB) ratio of 8.07.
Financial Health
In the three months ended June 29, Nerdy Inc.’s quick ratio stood at 3.60, while its current ratio was 3.60, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 69.60% percent. In the year ended June 29, EBITDA margin amounted to -51.53%, whereas operating margins totaled -40.80%. Based on annual data, NRDY earned $112.93 million in gross profit and brought in $162.66 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 -193.70%. Return on equity (ROE) for the past 12 months was -116.90%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NRDY’s revenue rose 12.29% to $49.18 million during the quarter, while net income inched up to $48.1 million. While analysts expected Nerdy Inc. to report -$0.01 quarterly earnings, the actual figure was -$0.03 per share. During the quarter, the company generated -$8.78 million in EBITDA. The liabilities of Nerdy Inc. were 58.7 million at the end of its most recent quarter ended June 29, and its total debt was $1.42 million. The value of shareholders’ equity is $169.4 million.
Technical Picture
This quick technical analysis looks at Nerdy Inc.’s (NRDY) price momentum. With a historical volatility rate of 5.95%, the RSI 9-day stood at 13.41% on 21 September.
With respect to its five-day moving average, the current Nerdy Inc. price is down by -20.05% percent or -$0.83. At present, NRDY shares trade -27.73% below its 20-day simple moving average and -16.62% percent below its 100-day simple moving average. However, the stock is currently trading approximately -24.43% below its SMA50 and +59.13% above its SMA200.
Stochastic coefficient K was 2.67% and Stochastic coefficient D was 3.19%, while ATR was 0.23. Given the Stochastic reading of 1.23% for the 14-day period, the RSI (14) reading has been calculated as 23.26%. As of today, the MACD Oscillator reading stands at -0.45, while the 14-day reading stands at -0.75.
Analyst Ratings
Nerdy Inc. (NRDY) has been rated Overweight by analysts. According to 0 brokerage firms, NRDY is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Nerdy Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $6.00, the current consensus forecast for the stock is $5.00 – $8.00. Based on these forecasts, analysts predict Nerdy Inc. (NRDY) will achieve an average price target of $6.22.
