A new trading day began on Monday, with Sunnova Energy International Inc (NYSE: NOVA) stock price up 8.98% from the previous day of trading, before settling in for the closing price of $4.90. NOVA’s price has ranged from $2.99 to $16.35 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 51.41%. Meanwhile, its annual earnings per share averaged 28.90%. With a float of $108.65 million, this company’s outstanding shares have now reached $122.47 million.
The extent of productivity of a business whose workforce counts for 2047 workers is very important to gauge. In terms of profitability, gross margin is 42.86%, operating margin of -36.09%, and the pretax margin is -88.12%.
Sunnova Energy International Inc (NOVA) Insider and Institutional Ownership
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 13.04%, while institutional ownership is 97.73%. The most recent insider transaction that took place on Nov 19 ’24, was worth 124,498. In this transaction Director of this company bought 35,000 shares at a rate of $3.56, taking the stock ownership to the 120,048 shares. Before that another transaction happened on Nov 19 ’24, when Company’s Director bought 50,000 for $3.56, making the entire transaction worth $177,960. This insider now owns 402,654 shares in total.
Sunnova Energy International Inc (NOVA) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.37 per share, which was $0.1 higher 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 -0.81 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 28.90% 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 0.73. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.35, a number that is poised to hit -0.68 in the next quarter and is forecasted to reach -2.61 in one year’s time.
Technical Analysis of Sunnova Energy International Inc (NOVA)
The latest stats from [Sunnova Energy International Inc, NOVA] show that its last 5-days average volume of 13.61 million was superior to 8.42 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 91.38%. Additionally, its Average True Range was 0.68.
During the past 100 days, Sunnova Energy International Inc’s (NOVA) raw stochastic average was set at 23.48%, which indicates a significant decrease from 96.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 344.53% in the past 14 days, which was higher than the 158.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.54, while its 200-day Moving Average is $6.59. Now, the first resistance to watch is $5.51. This is followed by the second major resistance level at $5.69. The third major resistance level sits at $5.98. If the price goes on to break the first support level at $5.04, it is likely to go to the next support level at $4.75. The third support level lies at $4.57 if the price breaches the second support level.
Sunnova Energy International Inc (NYSE: NOVA) Key Stats
With a market capitalization of 748.17 million, the company has a total of 124,953K Shares Outstanding. Currently, annual sales are 720,650 K while annual income is -417,960 K. The company’s previous quarter sales were 235,290 K while its latest quarter income was -122,590 K.
