Nomadar (NASDAQ:NOMA) Stock Price Up 1.9% – Still a Buy?

Nomadar Corp. (NASDAQ:NOMAGet Free Report) shares shot up 1.9% during mid-day trading on Friday . The stock traded as high as $2.90 and last traded at $2.69. 11,979 shares were traded during mid-day trading, an increase of 38% from the average daily volume of 8,671 shares. The stock had previously closed at $2.64.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Nomadar from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Nomadar presently has an average rating of “Sell”.

Check Out Our Latest Report on Nomadar

Nomadar Stock Performance

The company has a market cap of $40.03 million and a price-to-earnings ratio of -14.94. The company has a 50-day simple moving average of $3.25 and a 200-day simple moving average of $3.78.

Nomadar (NASDAQ:NOMAGet Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $0.67 million during the quarter.

Hedge Funds Weigh In On Nomadar

Institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC acquired a new stake in shares of Nomadar in the fourth quarter valued at about $255,000. Geode Capital Management LLC acquired a new position in Nomadar during the fourth quarter worth about $173,000. Clear Street Group Inc. acquired a new position in Nomadar during the fourth quarter worth about $72,000. Finally, Yorkville Advisors Global LP purchased a new position in Nomadar in the first quarter valued at about $135,000.

About Nomadar

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We are the innovation arm of Cádiz CF, a professional soccer club which currently competes in the Segunda División. We currently have four proposed business verticals, which are in various stages of development. Through June 30, 2025, the Company had engaged in limited operations until 2025 when the Company began generating revenue from providing services under commercial contracts and purchase orders entered into in the ordinary course of business. On January 10, 2025, the Company entered into a framework agreement with Cádiz CF, whereby, among other things, Cádiz CF agreed to provide technical training staff for players enrolled in the Company’s programs, and the Company agreed to integrate the Company’s training methodologies into Cádiz CF’s training sessions (the “Framework Agreement”).

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