Nuvve (NASDAQ:NVVE) Announces Quarterly Earnings Results

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

Nuvve Price Performance

Shares of NASDAQ:NVVE traded up $0.02 during trading on Friday, reaching $0.64. 7,338 shares of the stock were exchanged, compared to its average volume of 442,067. Nuvve has a 1-year low of $0.54 and a 1-year high of $252.00. The stock has a fifty day moving average of $1.09 and a two-hundred day moving average of $8.08. The firm has a market cap of $335,737.50, a price-to-earnings ratio of -0.00 and a beta of 1.66.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Nuvve in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Nuvve 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.