Nuvve (NASDAQ:NVVE) Stock Rating Lowered by Wall Street Zen

Nuvve (NASDAQ:NVVE) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Sunday.

Nuvve Trading Up 11.0%

Shares of Nuvve stock opened at $1.51 on Friday. Nuvve has a twelve month low of $0.82 and a twelve month high of $8.80. The stock has a market capitalization of $5.58 million, a P/E ratio of -0.02 and a beta of 2.13. The business’s fifty day moving average price is $1.10 and its 200 day moving average price is $2.06.

Nuvve (NASDAQ:NVVE) last issued its earnings results on Thursday, May 15th. The company reported ($3.26) earnings per share for the quarter. Nuvve had a negative net margin of 389.87% and a negative return on equity of 1,604.08%. The firm had revenue of $0.93 million during the quarter.

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.