Nuvve (NASDAQ:NVVE) Shares Up 0.6% – Should You Buy?

Nuvve Holding Corp. (NASDAQ:NVVE) shares shot up 0.6% on Friday . The stock traded as high as $1.56 and last traded at $1.56. 1,722 shares traded hands during trading, a decline of 100% from the average session volume of 536,579 shares. The stock had previously closed at $1.55.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Nuvve in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Nuvve currently has a consensus rating of “Sell”.

Nuvve Stock Performance

The stock has a fifty day moving average of $2.90 and a 200 day moving average of $7.17. The company has a market capitalization of $819,000.00, a PE ratio of -0.00 and a beta of 1.60.

Nuvve (NASDAQ:NVVE) last posted its earnings results on Friday, August 14th. The company reported ($14.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($34,560.00) by $34,545.55. The business had revenue of $1.23 million during the quarter, compared to analysts’ expectations of $1.90 million.

About Nuvve

Nuvve Corporation is a clean energy technology company specializing in vehicle-to-grid (V2G) solutions that enable electric vehicles to serve as distributed energy resources. Through its proprietary Grid Integrated Vehicle (GIVe) software platform, Nuvve aggregates electric vehicle batteries into a virtual power plant to provide grid services such as frequency regulation, peak shaving and demand response. The company’s technology supports bidirectional charging hardware and integrates with public charging networks, fleet vehicles and stationary energy storage systems.

Founded in 2010 and headquartered in Newark, California, Nuvve began as the Nevada Electric Vehicle Accelerator before rebranding to reflect its expanded global mission.