Last Updated: 19 Sep 2024
Executive Summary
Nerdy Inc. (NRDY) is a publicly traded company in the real estate and construction sector. The company is currently facing financial challenges, with negative earnings and profitability metrics. However, analysts remain cautiously optimistic about its long-term prospects, with a target price of $3.07.
Company Overview
Nerdy Inc. is a blank check company that seeks to acquire or merge with a target business. The company has not yet completed any acquisitions and is currently in the process of identifying potential targets.
Fundamental Analysis
Revenue: Nerdy Inc. reported revenue of $200.09 million for the trailing twelve months (TTM). Quarterly revenue growth was 4.4% year-over-year.
Earnings: The company reported a net loss of $60.68 million for the TTM, with a diluted EPS of -$0.32.
Profitability: Nerdy Inc. has negative profitability metrics, with a profit margin of -17.2% and an operating margin of -29.9%.
Valuation: The company has a market capitalization of $188.73 million, a price-to-sales ratio of 0.943, and a price-to-book ratio of 2.288.
Technical Analysis
Trend: NRDY's stock price is currently trending below its 50-day and 200-day moving averages.
Support and Resistance: The stock has support at $0.727 (52-week low) and resistance at $3.91 (52-week high).
Momentum: The stock's relative strength index (RSI) is currently below 30, indicating oversold conditions.
Short Term Outlook
In the short term, NRDY's stock price is likely to remain volatile. The company's negative earnings and profitability metrics are a concern, and the stock is trading below its moving averages. However, the stock's oversold condition could provide some support.
Long Term Outlook
Analysts are cautiously optimistic about NRDY's long-term prospects. The company has a strong balance sheet and is led by an experienced management team. If the company is able to successfully acquire or merge with a target business, it could unlock significant value for shareholders.
Analyst Recommendations
Analysts have a consensus rating of "Hold" on NRDY. Three analysts recommend "Buy," while six recommend "Hold." The average analyst target price is $3.07.
