On December 19, 2024, Ted Smith, President and Chief Operating Officer of Nuvve Holding Corp, acquired 3,928 shares of Nuvve Holding Corp (NVVE, Financial). Following this transaction, the insider now holds a total of 5,700.31 shares in the company. The details of this transaction can be found in the SEC Filing.
Nuvve Holding Corp is a company that specializes in vehicle-to-grid (V2G) technology, which enables electric vehicles to store and discharge electricity back to the grid. This technology aims to enhance the efficiency and sustainability of energy systems.
The insider's recent purchase is part of a broader trend within the company. Over the past year, there have been two insider buys and no insider sells, indicating a potential confidence in the company's future prospects.
On the day of the purchase, shares of Nuvve Holding Corp were trading at $2.75, giving the company a market cap of $2.51 million. The stock's GF Value is estimated at $46.62, resulting in a price-to-GF-Value ratio of 0.06. This suggests that the stock is considered a "Possible Value Trap, Think Twice" based on its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company’s past returns and growth, along with future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
