Nvni Group (NASDAQ:NVNI) Stock Price Down 5.5% – Time to Sell?

Nvni Group Limited (NASDAQ:NVNIGet Free Report)’s share price fell 5.5% on Thursday . The company traded as low as $1.00 and last traded at $1.03. Approximately 42,195 shares traded hands during trading, a decline of 65% from the average daily volume of 119,440 shares. The stock had previously closed at $1.09.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Nvni Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

View Our Latest Analysis on Nvni Group

Nvni Group Price Performance

The company has a market cap of $10.53 million, a P/E ratio of 2.62 and a beta of -0.07. The firm’s 50-day moving average is $1.08 and its two-hundred day moving average is $1.30.

Nvni Group (NASDAQ:NVNIGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.67). The business had revenue of $8.80 million for the quarter, compared to analyst estimates of $15.73 million.

Hedge Funds Weigh In On Nvni Group

An institutional investor recently raised its position in Nvni Group stock. Turim 21 Investimentos Ltda. boosted its position in shares of Nvni Group Limited (NASDAQ:NVNIFree Report) by 50.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,870 shares of the company’s stock after buying an additional 18,847 shares during the quarter. Turim 21 Investimentos Ltda. owned 0.56% of Nvni Group worth $46,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.49% of the company’s stock.

Nvni Group Company Profile

(Get Free Report)

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.

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