NVVE Stock Summary and Trading Ideas (Nuvve Holding Corp. | NASDAQ:NVVE)

Nuvve Holding Corp is accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) technology. It helps to support the integration of renewable energy sources, including solar and wind. Its Grid Integrated Vehicle (GIV) platform is refueling the next generation of electric vehicle fleets through bidirectional charging solutions. It has a geographic presence in the United States, the United Kingdom, and Denmark, of which it generates the majority of its revenue in the United States.

Nuvve Holding Corp. trades on the NASDAQ stock market under the symbol NVVE.

As of December 13, 2024, NVVE stock price climbed to $3.38 with 12,151 million shares trading.

NVVE has a beta of -0.15, meaning it tends to be less sensitive to market movements. NVVE has a correlation of 0.00 to the broad based SPY ETF.

NVVE has a market cap of $2.96 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, NVVE traded as high as $6,260.00 and as low as $3.18.

The top ETF exchange traded funds that NVVE belongs to (by Net Assets): VXF, CCSO.

NVVE has underperformed the market in the last year with a price return of -94.8% while the SPY ETF gained +29.9%. NVVE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -28.3% and -7.4%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

NVVE support price is $3.18 and resistance is $3.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NVVE shares will trade within this expected range on the day.