A new trading day began on Monday, with Sunnova Energy International Inc (NYSE: NOVA) stock price up 1.13% from the previous day of trading, before settling in for the closing price of $5.29. NOVA’s price has ranged from $3.37 to $16.35 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 51.41%. Meanwhile, its annual earnings per share averaged 30.59%. With a float of $108.54 million, this company’s outstanding shares have now reached $122.47 million.
Let’s determine the extent of company efficiency that accounts for 2047 employees. In terms of profitability, gross margin is 36.24%, operating margin of -32.75%, and the pretax margin is -75.42%.
Sunnova Energy International Inc (NOVA) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Solar Industry. The insider ownership of Sunnova Energy International Inc is 13.07%, while institutional ownership is 104.44%. The most recent insider transaction that took place on Aug 23 ’24, was worth 871,039. In this transaction an insider of this company sold 77,000 shares at a rate of $11.31, taking the stock ownership to the 409,045 shares. Before that another transaction happened on Aug 23 ’24, when Company’s Officer proposed sale 77,000 for $11.30, making the entire transaction worth $870,227.
Sunnova Energy International Inc (NOVA) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.53 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.63 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 30.59% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -14.00% during the next five years compared to -17.44% drop over the previous five years of trading.
Sunnova Energy International Inc (NYSE: NOVA) Trading Performance Indicators
Here are Sunnova Energy International Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.90, a number that is poised to hit -0.55 in the next quarter and is forecasted to reach -2.78 in one year’s time.
Technical Analysis of Sunnova Energy International Inc (NOVA)
Looking closely at Sunnova Energy International Inc (NYSE: NOVA), its last 5-days average volume was 7.51 million, which is a drop from its year-to-date volume of 7.7 million. As of the previous 9 days, the stock’s Stochastic %D was 22.55%. Additionally, its Average True Range was 0.55.
During the past 100 days, Sunnova Energy International Inc’s (NOVA) raw stochastic average was set at 8.05%, which indicates a significant decrease from 15.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.86% in the past 14 days, which was lower than the 96.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.03, while its 200-day Moving Average is $7.18. However, in the short run, Sunnova Energy International Inc’s stock first resistance to watch stands at $5.69. Second resistance stands at $6.02. The third major resistance level sits at $6.20. If the price goes on to break the first support level at $5.18, it is likely to go to the next support level at $5.00. Now, if the price goes above the second support level, the third support stands at $4.67.
Sunnova Energy International Inc (NYSE: NOVA) Key Stats
With a market capitalization of 668.00 million, the company has a total of 123,982K Shares Outstanding. Currently, annual sales are 720,650 K while annual income is -417,960 K. The company’s previous quarter sales were 219,600 K while its latest quarter income was -33,050 K.
