Sunnova Energy International Inc. (NYSE:NOVA) went down by -3.01% from its latest closing price compared to the recent 1-year high of $57.70. The company’s stock price has collected 8.70% of gains in the last five trading sessions. Press Release reported on 12/23/20 that Sunnova Appoints Akbar Mohamed, President of Prime Communications, to Its Board of Directors
Is It Worth Investing in Sunnova Energy International Inc. (NYSE :NOVA) Right Now?
Opinions of the stock are interesting as 8 analysts out of 12 who provided ratings for Sunnova Energy International Inc. declared the stock was a “buy,” while 3 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $50.08, which is -$2.08 below the current price. NOVA currently public float of 66.18M and currently shorts hold a 5.05% ratio of that float. Today, the average trading volume of NOVA was 2.11M shares.
NOVA’s Market Performance
NOVA stocks went up by 8.70% for the week, with a monthly jump of 27.41% and a quarterly performance of 77.25%, while its annual performance rate touched 345.87%. The volatility ratio for the week stands at 9.33% while the volatility levels for the past 30 days are set at 8.31% for Sunnova Energy International Inc.. The simple moving average for the period of the last 20 days is 11.01% for NOVA stocks with a simple moving average of 102.64% for the last 200 days.
Analysts’ Opinion of NOVA
Credit Suisse, on the other hand, stated in their research note that they expect to see NOVA reach a price target of $40. The rating they have provided for NOVA stocks is “Neutral” according to the report published on December 02nd, 2020.
Piper Sandler gave a rating of “Overweight” to NOVA, setting the target price at $37 in the report published on October 07th of the previous year.
NOVA Trading at 28.62% from the 50-Day Moving Average
After a stumble in the market that brought NOVA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.91% of loss for the given period.
Volatility was left at 8.31%, however, over the last 30 days, the volatility rate increased by 9.33%, as shares surge +27.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +96.60% upper at present.
During the last 5 trading sessions, NOVA rose by +8.70%, which changed the moving average for the period of 200-days by +360.59% in comparison to the 20-day moving average, which settled at $45.81. In addition, Sunnova Energy International Inc. saw 11.35% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at NOVA starting from Santo Salvo John T, who sale 176,689 shares at the price of $50.04 back on Jan 06. After this action, Santo Salvo John T now owns 10,081 shares of Sunnova Energy International Inc., valued at $8,842,213 using the latest closing price.
Santo Salvo John T, the See Remarks of Sunnova Energy International Inc., sale 32,146 shares at $48.12 during a trade that took place back on Dec 22, which means that Santo Salvo John T is holding 10,081 shares at $1,546,930 based on the most recent closing price.
Stock Fundamentals for NOVA
Current profitability levels for the company are sitting at:
- -17.01 for the present operating margin
- +58.43 for the gross margin
The net margin for Sunnova Energy International Inc. stands at -109.73. The total capital return value is set at -1.17, while invested capital returns managed to touch -8.44. Equity return is now at value -27.20, with -6.40 for asset returns.
Based on Sunnova Energy International Inc. (NOVA), the company’s capital structure generated 225.07 points at debt to equity in total, while total debt to capital is 69.24. Total debt to assets is 58.46, with long-term debt to equity ratio resting at 209.90. Finally, the long-term debt to capital ratio is 64.57.
When we switch over and look at the enterprise to sales, we see a ratio of 15.11, with the company’s debt to enterprise value settled at 0.73. The receivables turnover for the company is 4.99 and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.41.