It is Poised to be a Bull Market for Nerdy Inc (NRDY)

With 1.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.81 million shares. The 52-week range on NRDY shows that it touched its highest point at $3.28 and its lowest point at $0.73 during that stretch. It currently has a 1-year price target of $2.08. Beta for the stock currently stands at 2.00.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NRDY was down-trending over the past week, with a drop of -3.70%, but this was down by -14.29% over a month. Three-month performance surged to 13.04% while six-month performance rose 44.44%. The stock lost -46.21% in the past year, while it has lost -3.70% so far this year. A look at the trailing 12-month EPS for NRDY yields -0.38 with Next year EPS estimates of 0.00. For the next quarter, that number is -0.09. This implies an EPS growth rate of 48.70% for this year and 100.00% for next year. EPS is expected to decline by -0.72% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -317.67%.

Float and Shares Shorts:

At present, 117.70 million NRDY shares are outstanding with a float of 32.20 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NRDY since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.21163 being high and -$0.24866 being low. For NRDY, this leads to a yearly average estimate of -$0.2275. Based on analyst estimates, the high estimate for the next quarter is -$0.03 and the low estimate is -$0.05. The average estimate for the next quarter is thus -$0.04.

Summary of Insider Activity:

Insiders traded NRDY stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.