Sunnova Energy International Inc (NYSE: NOVA) on Monday, soared 11.15% from the previous trading day, before settling in for the closing price of $3.14. Within the past 52 weeks, NOVA’s price has moved between $2.99 and $16.35.
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During the last 5-year period, the sales growth of Technology Sector giant was 51.41%. The company achieved an average annual earnings per share of 29.79%. With a float of $108.62 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 46.63%, operating margin of -33.02%, and the pretax margin is -88.12%.
Sunnova Energy International Inc (NOVA) Insider Activity
Observing investor behavior towards Solar industry stocks is more important than anything else. The insider ownership of Sunnova Energy International Inc is 13.07%, while institutional ownership is 96.26%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 29.79% 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
Sunnova Energy International Inc (NOVA) is currently performing well based on its current performance indicators. A quick ratio of 0.73 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.46.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.35, a number that is poised to hit -0.67 in the next quarter and is forecasted to reach -2.56 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 24.39 million, which is a jump from its year-to-date volume of 8.16 million. As of the previous 9 days, the stock’s Stochastic %D was 8.80%. Additionally, its Average True Range was 0.80.
During the past 100 days, Sunnova Energy International Inc’s (NOVA) raw stochastic average was set at 5.00%, which indicates a significant decrease from 12.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 327.50% in the past 14 days, which was higher than the 154.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.91, while its 200-day Moving Average is $6.90. However, in the short run, Sunnova Energy International Inc’s stock first resistance to watch stands at $3.65. Second resistance stands at $3.80. The third major resistance level sits at $4.05. If the price goes on to break the first support level at $3.25, it is likely to go to the next support level at $3.00. Should the price break the second support level, the third support level stands at $2.85.
Sunnova Energy International Inc (NYSE: NOVA) Key Stats
Market capitalization of the company is 375.15 million based on 124,953K outstanding shares. Right now, sales total 720,650 K and income totals -417,960 K. The company made 235,290 K in profit during its latest quarter, and -122,590 K in sales during its previous quarter.
