Nuvve (NASDAQ:NVVE) Downgraded to “Sell” Rating by Wall Street Zen

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

Nuvve Trading Down 21.2%

NVVE stock opened at $1.19 on Friday. Nuvve has a 12-month low of $0.82 and a 12-month high of $8.80. The company has a market cap of $4.40 million, a price-to-earnings ratio of -0.06 and a beta of 2.13. The firm has a 50 day moving average of $1.11 and a 200-day moving average of $2.05.

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