Alexandre Zyngier, a director at Nu Ride Inc. (NASDAQ:NRDE), has acquired additional shares in the company, according to a recent filing with the Securities and Exchange Commission. Zyngier purchased a total of 60,900 shares of Class A Common Stock in two separate transactions. The first transaction, on November 22, 2024, involved the purchase of 36,882 shares at $1.45 per share. The second transaction, on November 26, 2024, added another 24,018 shares at $1.51 per share. These purchases amounted to a total investment of $89,746. Following these transactions, Zyngier holds 182,502 shares indirectly through HZ Investments LLC, as well as 52,747 shares directly, consisting of restricted stock units.
InvestingPro Insights
In light of Alexandre Zyngier's recent share acquisitions in Nu Ride Inc. (NASDAQ:NRDE), it's worth examining some key financial metrics and insights provided by InvestingPro. Despite the director's confidence in the company, as evidenced by his substantial investment, NRDE faces some financial challenges.
According to InvestingPro data, Nu Ride's market capitalization stands at $23.5 million USD, reflecting its small-cap status. The company's price-to-book ratio is 2.83, indicating that the stock is trading above its book value. This could suggest that investors see potential in the company's future prospects, aligning with Zyngier's bullish stance.
However, InvestingPro Tips reveal some concerning aspects of Nu Ride's financial health. The company is currently not profitable over the last twelve months, and analysts do not anticipate profitability in the current year. This aligns with the negative earnings per share (EPS) of -$0.83 USD reported for the last twelve months.
On a positive note, Nu Ride holds more cash than debt on its balance sheet, which could provide some financial flexibility. Additionally, the company's liquid assets exceed its short-term obligations, potentially mitigating immediate liquidity concerns.
It's important to note that Nu Ride's stock performance has been mixed. While the year-to-date price total return is positive at 21.67%, the one-month return shows a decline of 12.57%. This volatility may present both risks and opportunities for investors.
For those seeking a more comprehensive analysis, InvestingPro offers 11 additional tips for Nu Ride Inc., providing a deeper understanding of the company's financial position and market performance.
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