Sunnova Energy International Inc (NOVA) Moves 6.73% Higher: These Numbers are Too Good to be True

Sunnova Energy International Inc (NYSE: NOVA) started the day on Thursday, with a price increase of 6.73% at $3.65, before settling in for the price of $3.42 at the close. Taking a more long-term approach, NOVA posted a 52-week range of $3.25-$16.35.

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It was noted that the giant of the Technology sector posted annual sales growth of 51.41% over the last 5 years. Meanwhile, its Annual Earning per share during the time was -17.44%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 27.56%. This publicly-traded company’s shares outstanding now amounts to $122.47 million, simultaneously with a float of $108.62 million. The organization now has a market capitalization sitting at $456.08 million. At the time of writing, stock’s 50-day Moving Average stood at $8.22, while the 200-day Moving Average is $6.97.

Sunnova Energy International Inc (NOVA) Ownership Facts and Figures

Now let’s turn our focus to how large-scale investors are working with this stock of the Solar Industry. Sunnova Energy International Inc’s current insider ownership accounts for 13.07%, in contrast to 95.13% institutional ownership. According to the most recent insider trade that took place on Aug 23 ’24, this organization’s insider sold 77,000 shares at the rate of 11.31, making the entire transaction reach 871,039 in total value, affecting insider ownership by 409,045.

Sunnova Energy International Inc (NOVA) Earnings and Revenue Records

Sunnova Energy International Inc’s EPS increase for this current 12-month fiscal period is 27.56% and is forecasted to reach -2.53 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will decrease by -14.00% through the next 5 years, which can be compared against the -17.44% growth it accomplished over the previous five years trading on the market.

Sunnova Energy International Inc (NYSE: NOVA) Trading Performance Indicators

Let’s observe the current performance indicators for Sunnova Energy International Inc (NOVA). It’s Quick Ratio in the last reported quarter now stands at 0.73. The Stock has managed to achieve an average true range (ATR) of 0.83. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.56.

In the same vein, NOVA’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -3.35, a figure that is expected to reach -0.71 in the next quarter, and analysts are predicting that it will be -2.53 at the market close of one year from today.

Technical Analysis of Sunnova Energy International Inc (NOVA)

If we take a close look at the recent performances of Sunnova Energy International Inc (NYSE: NOVA), its last 5-days Average volume was 21.47 million that shows progress from its year to date volume of 8.07 million. During the previous 9 days, stock’s Stochastic %D was recorded 38.17% While, its Average True Range was 0.94.

Raw Stochastic average of Sunnova Energy International Inc (NOVA) in the period of the previous 100 days is set at 4.10%, which indicates a major fall in contrast to 10.47% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 319.57% that was higher than 152.66% volatility it exhibited in the past 100-days period.