Nvni Group (NASDAQ:NVNI) Trading Up 2.3% – Time to Buy?

Nvni Group Limited (NASDAQ:NVNI) shot up 2.3% on Wednesday . The stock traded as high as $1.32 and last traded at $1.31. 109,162 shares were traded during mid-day trading, a decline of 88% from the average session volume of 922,022 shares. The stock had previously closed at $1.28.

Nvni Group Price Performance

The company’s 50 day moving average is $1.34 and its two-hundred day moving average is $2.61. The firm has a market cap of $13.14 million, a P/E ratio of 3.28 and a beta of -0.19.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Narus Financial Partners LLC raised its position in Nvni Group by 71.8% in the third quarter. Narus Financial Partners LLC now owns 35,400 shares of the company’s stock worth $29,000 after purchasing an additional 14,800 shares in the last quarter. Turim 21 Investimentos Ltda. raised its position in Nvni Group by 50.9% in the third quarter. Turim 21 Investimentos Ltda. now owns 55,870 shares of the company’s stock worth $46,000 after purchasing an additional 18,847 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Nvni Group in the second quarter worth about $40,000. Institutional investors and hedge funds own 0.49% of the company’s stock.

Nvni Group Company Profile

Nvni Group Limited provides a business to business SaaS platform that offers cloud solutions. The company was incorporated in 2019 and is based in São Paulo, Brazil.