Nuvve (NASDAQ:NVVE) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Nuvve (NASDAQ:NVVE) from a hold rating to a sell rating in a report issued on Sunday morning.

Nuvve Stock Down 21.2%

NASDAQ NVVE opened at $1.19 on Friday. Nuvve has a 52-week low of $0.82 and a 52-week high of $8.80. The business’s 50-day moving average price is $1.11 and its 200 day moving average price is $2.05. The firm has a market cap of $4.40 million, a P/E ratio of -0.06 and a beta of 2.13.

Nuvve (NASDAQ:NVVE) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($3.26) EPS for the quarter. The firm had revenue of $0.93 million during the quarter. Nuvve had a negative net margin of 322.28% and a negative return on equity of 6,228.12%.

Nuvve Company Profile

Nuvve Holding Corp., a green energy technology company, provides commercial vehicle-to-grid (V2G) technology platform in the United States, the United Kingdom, France, and Denmark. The company offers Grid Integrated Vehicle platform, which enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provide other grid services, as well as allows EV owners to meet the energy demands of individual vehicles and entire fleets.