Nuvve (NASDAQ:NVVE – Get Free Report) announced its earnings results on Friday. The company reported ($4.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($86,400.00) by $86,395.98, FiscalAI reports. The business had revenue of $1.09 million for the quarter, compared to analysts’ expectations of $2.50 million.
Nuvve Trading Up 4.0%
Shares of NASDAQ:NVVE traded up $0.02 during midday trading on Friday, reaching $0.64. The company had a trading volume of 7,338 shares, compared to its average volume of 442,096. The stock has a market cap of $335,737.50, a P/E ratio of -0.00 and a beta of 1.66. The company’s 50 day moving average price is $1.08 and its 200 day moving average price is $7.89. Nuvve has a 52-week low of $0.54 and a 52-week high of $252.00.
About Nuvve
Nuvve Holding Corp. develops vehicle-to-grid (V2G) technology designed to connect electric vehicles with the power grid. Its platform uses bidirectional charging, allowing electricity to flow between electric vehicles and the grid so vehicle batteries can serve as distributed energy resources when they are connected and available. The company provides charging hardware, cloud-based software, and energy-management services for electric-vehicle fleets. Its solutions are intended for applications including school buses, commercial fleets, public transportation, and other vehicles that have predictable charging schedules.
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