Nerdy Inc (NYSE:NRDY) does about 1.27M shares in volume on a normal day but saw 2002046 shares change hands in Monday trading. The company now has a market cap of 172.22M USD. Its current market price is $1.58, marking an increase of 7.48% compared to the previous close of $1.47. The 52 week high reached by this stock is $5.37 whilst the lowest price level in 52 weeks is $1.47.
Nerdy Inc (NRDY) has a 20-day trading average at $1.8130 and the current price is -70.58% off the 52-week high compared with 7.48% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.3198 and its 200-day simple moving average is $3.0224. If we look at the stock’s price movements over the week, volatility stands at 6.86%, which decreases to 6.61% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 27.94 to suggest the stock is oversold.
The consensus objective for the share price is $4.64, suggesting that the stock has a potential upside of 65.95% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 11, 2024 when JP Morgan resumed the stock to “Overweight” and issued a price target of $5. Raymond James resumed its price target at $5.50.
Nerdy Inc (NRDY) stock is down -0.63% over the week and -31.90% over the past month. Its price is -53.94% year-to-date and -49.36% over the past year.
To reach the target analysts have set, the stock logically needs to grow 65.95 percent from here.
The company has a return on investment of -54.32% and return on equity of -65.05%. The forward price to earnings ratio is 11.83. The beta has a value of 1.76. Price to book ratio is 3.26 and price to sales ratio is 0.87.
