Nuvve (NASDAQ:NVVE) Lowered to “Sell” Rating by Wall Street Zen

Nuvve (NASDAQ:NVVE) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Nuvve Stock Down 14.0%

Shares of NASDAQ NVVE opened at $0.53 on Friday. The company’s fifty day moving average is $0.89 and its 200-day moving average is $1.36. The stock has a market cap of $7.77 million, a price-to-earnings ratio of -0.04 and a beta of 2.04. Nuvve has a twelve month low of $0.48 and a twelve month high of $8.76.

Nuvve (NASDAQ:NVVE) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($2.21) EPS for the quarter. The company had revenue of $0.33 million during the quarter. Nuvve had a negative net margin of 542.59% and a negative return on equity of 6,228.12%.

Institutional Investors Weigh In On Nuvve

An institutional investor recently bought a new position in Nuvve stock. Heritage Investors Management Corp acquired a new position in shares of Nuvve Holding Corp. (NASDAQ:NVVE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 100,000 shares of the company’s stock, valued at approximately $95,000. Heritage Investors Management Corp owned about 0.68% of Nuvve at the end of the most recent reporting period. Hedge funds and other institutional investors own 19.01% of the company’s stock.

Nuvve Company Profile

Nuvve Holding Corp., a green energy technology company, provides commercial vehicle-to-grid (V2G) technology platform in the United States, the United Kingdom, France, and Denmark. The company offers Grid Integrated Vehicle platform, which enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provide other grid services, as well as allows EV owners to meet the energy demands of individual vehicles and entire fleets.