NeoVolta, Inc. (NASDAQ:NEOV - Get Free Report)'s share price was down 1.8% during trading on Monday . The stock traded as low as $4.22 and last traded at $4.25. Approximately 218,040 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 336,402 shares. The stock had previously closed at $4.33.
Analyst Ratings Changes
Several analysts have recently commented on NEOV shares. Maxim Group reissued a "hold" rating on shares of NeoVolta in a research note on Wednesday, October 1st. Weiss Ratings reissued a "sell (e+)" rating on shares of NeoVolta in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $7.50.
Read Our Latest Analysis on NeoVolta
NeoVolta Stock Down 1.8%
The company has a quick ratio of 1.29, a current ratio of 1.90 and a debt-to-equity ratio of 0.13. The stock has a 50-day simple moving average of $4.54 and a 200-day simple moving average of $3.80. The firm has a market capitalization of $145.41 million, a PE ratio of -28.33 and a beta of -0.86.
NeoVolta (NASDAQ:NEOV - Get Free Report) last released its earnings results on Monday, September 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.04). NeoVolta had a negative return on equity of 144.53% and a negative net margin of 59.75%.The firm had revenue of $4.75 million during the quarter, compared to analysts' expectations of $4.30 million.
Institutional Trading of NeoVolta
A number of large investors have recently bought and sold shares of the company. Legacy Wealth Managment LLC ID increased its position in NeoVolta by 26.1% in the second quarter. Legacy Wealth Managment LLC ID now owns 4,567,051 shares of the company's stock worth $15,071,000 after buying an additional 944,758 shares during the last quarter. BIP Wealth LLC boosted its holdings in shares of NeoVolta by 3.2% in the first quarter. BIP Wealth LLC now owns 226,225 shares of the company's stock worth $491,000 after acquiring an additional 7,119 shares during the period. Sovran Advisors LLC grew its position in shares of NeoVolta by 36.6% in the first quarter. Sovran Advisors LLC now owns 166,671 shares of the company's stock valued at $353,000 after purchasing an additional 44,671 shares in the last quarter. Finally, Rossby Financial LCC grew its position in shares of NeoVolta by 41.1% in the first quarter. Rossby Financial LCC now owns 115,000 shares of the company's stock valued at $250,000 after purchasing an additional 33,500 shares in the last quarter. 5.11% of the stock is owned by hedge funds and other institutional investors.
About NeoVolta
(
Get Free Report)
NeoVolta Inc designs, manufactures, and sells energy storage systems in the United States. It provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors.
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