Nuvve (NASDAQ:NVVE) Trading Up 0.6% – Here’s What Happened

Nuvve Holding Corp. (NASDAQ:NVVE) shares shot up 0.6% during trading on Friday . The company traded as high as $1.56 and last traded at $1.56. Approximately 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 reiterated a “sell (e+)” rating on shares of Nuvve in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Nuvve Price Performance

The stock’s fifty day moving average price is $2.90 and its 200 day moving average price is $7.17. The stock has a market capitalization of $819,000.00, a P/E ratio of -0.00 and a beta of 1.60.

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

Nuvve Company Profile

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.