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The Chart for Sunnova Energy International Inc. (NOVA) Is Flashing Mixed Signals

Sunnova Energy International Inc. (NYSE:NOVA) went up by 1.24% from its latest closing price compared to the recent 1-year high of $46.40. The company’s stock price has collected -1.74% of loss in the last five trading sessions. Barron’s reported on 06/21/22 that SunPower and Sunnova Energy Get Downgraded. Buy Sunrun Instead, Says Goldman.

Is It Worth Investing in Sunnova Energy International Inc. (NYSE :NOVA) Right Now?

Opinions of the stock are interesting as 14 analysts out of 20 who provided ratings for Sunnova Energy International Inc. declared the stock was a “buy,” while 3 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $39.75, which is $11.75 above the current price. NOVA currently public float of 101.71M and currently shorts hold a 21.37% ratio of that float. Today, the average trading volume of NOVA was 3.25M shares.

NOVA’s Market Performance

NOVA stocks went down by -1.74% for the week, with a monthly jump of 8.58% and a quarterly performance of 40.18%, while its annual performance rate touched -21.57%. The volatility ratio for the week stands at 6.25% while the volatility levels for the past 30 days are set at 6.05% for Sunnova Energy International Inc. The simple moving average for the period of the last 20 days is 5.79% for NOVA stocks with a simple moving average of 23.84% for the last 200 days.

Analysts’ Opinion of NOVA

Many brokerage firms have already submitted their reports for NOVA stocks, with Barclays repeating the rating for NOVA by listing it as a “Overweight.” The predicted price for NOVA in the upcoming period, according to Barclays is $35 based on the research report published on August 05th of the current year 2022.

Piper Sandler, on the other hand, stated in their research note that they expect to see NOVA reach a price target of $23, previously predicting the price at $27. The rating they have provided for NOVA stocks is “Neutral” according to the report published on July 19th, 2022.

Wells Fargo gave a rating of “Equal Weight” to NOVA, setting the target price at $22 in the report published on June 29th of the current year.

NOVA Trading at 12.70% 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 -40.30% of loss for the given period.

Volatility was left at 6.05%, however, over the last 30 days, the volatility rate increased by 6.25%, as shares surge +10.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.77% upper at present.

During the last 5 trading sessions, NOVA fell by -1.74%, which changed the moving average for the period of 200-days by -21.13% in comparison to the 20-day moving average, which settled at $26.31. In addition, Sunnova Energy International Inc. saw -0.79% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at NOVA starting from Berger William J, who sale 150,000 shares at the price of $30.04 back on Aug 08. After this action, Berger William J now owns 301,142 shares of Sunnova Energy International Inc., valued at $4,506,645 using the latest closing price.

Hultberg Kelsey, the of Sunnova Energy International Inc., sale 2,000 shares at $28.00 during a trade that took place back on Aug 05, which means that Hultberg Kelsey is holding 15,493 shares at $56,000 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 -9.30, with -1.90 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.98.

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