NeoVolta's (NEOV) "Sell (E+)" Rating Reiterated at Weiss Ratings

NeoVolta (NASDAQ:NEOV - Get Free Report)'s stock had its "sell (e+)" rating reiterated by research analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

Separately, Maxim Group restated a "hold" rating on shares of NeoVolta in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, NeoVolta currently has an average rating of "Reduce" and a consensus price target of $7.50.

NeoVolta Price Performance

Shares of NASDAQ:NEOV opened at $4.19 on Friday. The company's fifty day moving average is $4.53 and its two-hundred day moving average is $3.85. The stock has a market capitalization of $143.34 million, a price-to-earnings ratio of -27.93 and a beta of -0.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.29 and a current ratio of 1.90. NeoVolta has a 1-year low of $1.80 and a 1-year high of $6.19.

NeoVolta (NASDAQ:NEOV - Get Free Report) last announced 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 net margin of 59.75% and a negative return on equity of 144.53%. The company had revenue of $4.75 million during the quarter, compared to the consensus estimate of $4.30 million.

Institutional Investors Weigh In On NeoVolta

Institutional investors have recently bought and sold shares of the stock. Legacy Wealth Managment LLC ID lifted its position in shares of NeoVolta by 2.7% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 3,622,293 shares of the company's stock valued at $7,860,000 after buying an additional 94,397 shares during the last quarter. Sovran Advisors LLC grew its position in shares of NeoVolta by 36.6% in the 1st quarter. Sovran Advisors LLC now owns 166,671 shares of the company's stock worth $353,000 after buying an additional 44,671 shares during the last quarter. BIP Wealth LLC grew its position in shares of NeoVolta by 3.2% in the 1st quarter. BIP Wealth LLC now owns 226,225 shares of the company's stock worth $491,000 after buying an additional 7,119 shares during the last quarter. Rossby Financial LCC lifted its stake in shares of NeoVolta by 41.1% in the 1st 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 during the period. Finally, MGO One Seven LLC purchased a new position in shares of NeoVolta in the 3rd quarter valued at approximately $164,000. Institutional investors own 5.11% of the company's stock.

About NeoVolta

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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