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Tuesday, September 26, 2023

NerdWallet Inc. (NRDS): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for NerdWallet Inc. (NRDS) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.07, or 0.75%, to $9.37. The NerdWallet Inc. has recorded 58,189 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that NerdWallet Reports Second Quarter 2023 Results.

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Stocks Info

This NASDAQ-listed company operates within the Internet Content & Information industry segment, falling under the Communication Services sector. At the end of the last regular session, the stock closed at $9.30 and fluctuated between $9.35 as its day high and $8.87 as its day low. The current market capitalization of NerdWallet Inc. is $714.89M. A total of 0.76 million shares were traded on the day, compared to an average of 409.28K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, NRDS has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 12 BUYs and 21 SELLs from insiders. Insiders purchased 513,494 shares during that period but sold 911,877.

In the most recent transaction, Chen Tim Chao-Ming bought 6,650 shares of NRDS for 8.21 per share on Sep 12. After the transaction, the Chief Executive Officer now owns 695,173 company shares. In a previous transaction on Sep 11, Chen Tim Chao-Ming bought 23,938 shares at 8.40 per share. NRDS shares that Chief Executive Officer owns now total 688,523.

Among the insiders who sold shares, Yuann Kevin disposed of 2,570 shares on Sep 05 at a per-share price of $8.96. This resulted in the Chief Business Officer holding 229,226 shares of NRDS after the transaction. In another insider transaction, Yuann Kevin sold 2,570 shares at $9.97 per share on Jun 02. Company shares held by the Chief Business Officer now total 234,527.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for NRDS in the last 3 months, the mean price target is $17.20 with high estimates of $21.00 and low estimates of $11.00. In terms of 52-week highs and lows, NRDS has a high of $21.74 and a low of $7.62.

As of this writing, NRDS has an earnings estimate of -$0.08 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.14. The company reported an EPS of $0.02 in the last quarter, which was 140.00% higher than expectations of -$0.05.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. NRDS’s latest balance sheet shows that the firm has $167.80M in Cash & Short Term Investments as of fiscal 2021. There were $15.10M in debt and $65.80M in liabilities at the time. Its Book Value Per Share was $4.75, while its Total Shareholder’s Equity was $257.60M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NRDS is Buy with a score of 4.43.

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