Sunnova Energy International Inc. (NYSE:NOVA) went down by -3.80% from its latest closing price compared to the recent 1-year high of $46.40. The company’s stock price has collected -18.09% of loss in the last five trading sessions.
Is It Worth Investing in Sunnova Energy International Inc. (NYSE :NOVA) Right Now?
Opinions of the stock are interesting as 15 analysts out of 17 who provided ratings for Sunnova Energy International Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $41.29, which is $26.14 above the current price. NOVA currently public float of 101.97M and currently shorts hold a 14.80% ratio of that float. Today, the average trading volume of NOVA was 2.88M shares.
NOVA’s Market Performance
NOVA stocks went down by -18.09% for the week, with a monthly drop of -30.76% and a quarterly performance of -15.63%, while its annual performance rate touched -47.07%. The volatility ratio for the week stands at 9.28% while the volatility levels for the past 30 days are set at 8.69% for Sunnova Energy International Inc.. The simple moving average for the period of the last 20 days is -16.97% for NOVA stocks with a simple moving average of -47.90% for the last 200 days.
Analysts’ Opinion of NOVA
Many brokerage firms have already submitted their reports for NOVA stocks, with Truist repeating the rating for NOVA by listing it as a “Buy.” The predicted price for NOVA in the upcoming period, according to Truist is $32 based on the research report published on May 02nd of the current year 2022.
Truist, on the other hand, stated in their research note that they expect to see NOVA reach a price target of $32, previously predicting the price at $53. The rating they have provided for NOVA stocks is “Buy” according to the report published on January 24th, 2022.
Truist gave a rating of “Buy” to NOVA, setting the target price at $50 in the report published on October 15th of the previous year.
NOVA Trading at -28.79% 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 -67.31% of loss for the given period.
Volatility was left at 8.69%, however, over the last 30 days, the volatility rate increased by 9.28%, as shares sank -31.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.71% lower at present.
During the last 5 trading sessions, NOVA fell by -18.09%, which changed the moving average for the period of 200-days by -55.11% in comparison to the 20-day moving average, which settled at $17.92. In addition, Sunnova Energy International Inc. saw -45.67% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at NOVA starting from LANE ROBERT LAWRENCE, who sale 1,850 shares at the price of $25.05 back on Mar 23. After this action, LANE ROBERT LAWRENCE now owns 90,764 shares of Sunnova Energy International Inc., valued at $46,342 using the latest closing price.
Baker Walter A, the See Remarks of Sunnova Energy International Inc., sale 1,400 shares at $25.05 during a trade that took place back on Mar 23, which means that Baker Walter A is holding 121,138 shares at $35,070 based on the most recent closing price.
Stock Fundamentals for NOVA
Current profitability levels for the company are sitting at:
- -30.47 for the present operating margin
- +45.53 for the gross margin
The net margin for Sunnova Energy International Inc. stands at -57.14. Equity return is now at value -12.10, with -2.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.98.