Nvni Group Ltd (NASDAQ:NVNI) does about 21.99M shares in volume on a normal day but saw 144955106 shares change hands in the recent trading day. The company now has a market cap of 17.18M USD. Its current market price is $0.51, marking an increase of 52.99% compared to the previous close of $0.34. The 52 week high reached by this stock is $12.19 whilst the lowest price level in 52 weeks is $0.14.
Nvni Group Ltd (NVNI) has a 20-day trading average at $0.2249 and the current price is -95.78% off the 52-week high compared with 256.55% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3985 and its 200-day simple moving average is $1.3988. If we look at the stock’s price movements over the week, volatility stands at 71.95%, which decreases to 24.85% 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 60.73 to suggest the stock is neutral.
The consensus objective for the share price is $7.05, suggesting that the stock has a potential upside of 92.77% over the period.
The current price level is 128.75%, 29.11%, and -63.22% away from its SMA20, SMA50, and SMA200 respectively, with the NVNI price moving below the 50-day SMA on current market day. Nvni Group Ltd (NVNI) stock is up 232.15% over the week and 128.36% over the past month. Its price is -79.00% year-to-date and -63.25% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and -0.3 for whole year.
To reach the target analysts have set, the stock logically needs to grow 92.77 percent from here.
The beta has a value of -0.28. Price to sales ratio is 0.48.
