Nuvve (NASDAQ:NVVE) Posts Quarterly Earnings Results, Beats Estimates By $86,395.98 EPS

Nuvve (NASDAQ:NVVE) announced its quarterly earnings data on Friday. The company reported ($4.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($86,400.00) by $86,395.98, FiscalAI reports. The business had revenue of $1.09 million during the quarter, compared to analyst estimates of $2.50 million.

Nuvve Stock Performance

NVVE traded up $0.02 during trading on Friday, reaching $0.64. The company had a trading volume of 7,338 shares, compared to its average volume of 442,067. The firm’s 50-day simple moving average is $1.09 and its 200 day simple moving average is $8.08. The company has a market cap of $335,737.50, a price-to-earnings ratio of -0.00 and a beta of 1.66. Nuvve has a 12-month low of $0.54 and a 12-month high of $252.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Nuvve in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of “Sell”.

Nuvve Company Profile

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.