Nuvve (NASDAQ:NVVE) Stock Price Down 7.1% – What’s Next?

Shares of Nuvve Holding Corp. (NASDAQ:NVVE) traded down 7.1% on Friday . The company traded as low as $2.84 and last traded at $2.88. 17,607 shares were traded during trading, a decline of 41% from the average session volume of 29,718 shares. The stock had previously closed at $3.10.

Nuvve Stock Performance

The stock has a market cap of $2.52 million, a P/E ratio of -0.03 and a beta of 1.90. The company has a 50-day simple moving average of $3.39 and a 200-day simple moving average of $4.63.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nuvve stock. Partners Group Holding AG bought a new stake in Nuvve Holding Corp. (NASDAQ:NVVE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 19.01% of the company’s stock.

About Nuvve

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.