Nuvve (NASDAQ:NVVE) Shares Down 9.7% – What’s Next?

Shares of Nuvve Holding Corp. (NASDAQ:NVVE) fell 9.7% on Wednesday . The company traded as low as $2.64 and last traded at $2.99. 713,235 shares traded hands during trading, a decline of 9% from the average session volume of 786,636 shares. The stock had previously closed at $3.31.

Nuvve Stock Performance

The firm has a market cap of $2.83 million, a price-to-earnings ratio of -0.03 and a beta of 1.89. The business has a fifty day simple moving average of $3.14 and a 200-day simple moving average of $4.14.

Nuvve (NASDAQ:NVVE) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($2.47) earnings per share (EPS) 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 $1.92 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nuvve stock. Partners Group Holding AG purchased a new stake in Nuvve Holding Corp. (NASDAQ:NVVE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,316,290 shares of the company’s stock, valued at approximately $33,666,000. Nuvve accounts for about 2.3% of Partners Group Holding AG’s holdings, making the stock its 21st largest position. Partners Group Holding AG owned 971.74% of Nuvve as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 19.01% of the company’s stock.

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.