Nuvve (NASDAQ:NVVE) Shares to Reverse Split on Tuesday, September 17th

Nuvve Holding Corp. (NASDAQ:NVVE)’s stock is going to reverse split on Tuesday, September 17th. The 1-10 reverse split was announced on Friday, September 13th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, September 16th.

Nuvve Stock Up 13.0 %

NVVE stock opened at $0.47 on Friday. The stock has a market capitalization of $2.93 million, a price-to-earnings ratio of -0.01 and a beta of 1.87. Nuvve has a 52-week low of $0.37 and a 52-week high of $18.12. The stock’s fifty day simple moving average is $0.55 and its 200-day simple moving average is $0.67.

Nuvve (NASDAQ:NVVE) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.67) EPS for the quarter. Nuvve had a negative return on equity of 1,240.63% and a negative net margin of 450.35%. The company had revenue of $0.80 million for the quarter.

Hedge Funds Weigh In On Nuvve

An institutional investor recently bought a new position in Nuvve stock. Anson Funds Management LP acquired a new stake in Nuvve Holding Corp. (NASDAQ:NVVE) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 195,000 shares of the company’s stock, valued at approximately $214,000. Anson Funds Management LP owned 3.21% of Nuvve as of its most recent SEC filing. Institutional investors and hedge funds 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.