A new trading day began on Tuesday, with NeoVolta Inc (NASDAQ: NEOV) stock price up 9.58% from the previous day of trading, before settling in for the closing price of $5.22. NEOV’s price has ranged from $1.80 to $6.11 over the past 52 weeks.
Annual sales at Industrials sector company slipped by -5.01% over the past five years. Meanwhile, its annual earnings per share averaged 20.00%. With a float of $29.04 million, this company’s outstanding shares have now reached $34.12 million.
NeoVolta Inc (NEOV) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Electrical Equipment & Parts Industry. The insider ownership of NeoVolta Inc is 15.12%, while institutional ownership is 20.21%.
NeoVolta Inc (NEOV) Performance Highlights and Predictions
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.03 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 -0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 20.00% per share during the next fiscal year.
NeoVolta Inc (NASDAQ: NEOV) Trading Performance Indicators
Here are NeoVolta Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.29. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 23.22.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.15, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach -0.08 in one year’s time.
Technical Analysis of NeoVolta Inc (NEOV)
NeoVolta Inc (NASDAQ: NEOV) saw its 5-day average volume 0.37 million, a positive change from its year-to-date volume of 0.25 million. As of the previous 9 days, the stock’s Stochastic %D was 73.75%.
During the past 100 days, NeoVolta Inc’s (NEOV) raw stochastic average was set at 97.69%, which indicates a significant increase from 95.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.45 in the past 14 days, which was higher than the 0.39 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.53, while its 200-day Moving Average is $3.66. Nevertheless, the first resistance level for the watch stands at $5.91 in the near term. At $6.11, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.48. If the price goes on to break the first support level at $5.34, it is likely to go to the next support level at $4.97. Assuming the price breaks the second support level, the third support level stands at $4.77.
NeoVolta Inc (NASDAQ: NEOV) Key Stats
With a market capitalization of 195.71 million, the company has a total of 34,214K Shares Outstanding. Currently, annual sales are 8,430 K while annual income is -5,030 K. The company’s previous quarter sales were 4,750 K while its latest quarter income was -1,650 K.
