Navigating the Volatility of NeoVolta Inc’s (NEOV) Stock

In the past week, NEOV stock has gone up by 34.93%, with a monthly gain of 10.67% and a quarterly plunge of -12.50%. The volatility ratio for the week is 15.09%, and the volatility levels for the last 30 days are 14.56% for NeoVolta Inc The simple moving average for the past 20 days is 47.30% for NEOV’s stock, with a -35.37% simple moving average for the past 200 days.

Is It Worth Investing in NeoVolta Inc (NASDAQ: NEOV) Right Now?

NEOV has 36-month beta value of -0.27. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for NEOV is 28.30M, and currently, short sellers hold a 0.08% ratio of that float. The average trading volume of NEOV on April 03, 2024 was 56.80K shares.

NEOV) stock’s latest price update

The stock of NeoVolta Inc (NASDAQ: NEOV) has increased by 10.24 when compared to last closing price of 1.27.Despite this, the company has seen a gain of 34.93% in its stock price over the last five trading days. GlobeNewsWire reported 2021-10-12 that Revenue Driven by Accelerated Growth in Sales Volume and Product Expansion Revenue Driven by Accelerated Growth in Sales Volume and Product Expansion

NEOV Trading at 8.39% from the 50-Day Moving Average

After a stumble in the market that brought NEOV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -68.18% of loss for the given period.

Volatility was left at 14.56%, however, over the last 30 days, the volatility rate increased by 15.09%, as shares surge +21.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.50% lower at present.

During the last 5 trading sessions, NEOV rose by +34.93%, which changed the moving average for the period of 200-days by -54.40% in comparison to the 20-day moving average, which settled at $0.9629. In addition, NeoVolta Inc saw -12.50% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for NEOV

Current profitability levels for the company are sitting at:

  • -0.62 for the present operating margin
  • 0.22 for the gross margin

The net margin for NeoVolta Inc stands at -0.63. The total capital return value is set at -0.35. Equity return is now at value -30.13, with -30.00 for asset returns.

Currently, EBITDA for the company is -2.64 million with net debt to EBITDA at 0.77. When we switch over and look at the enterprise to sales, we see a ratio of 14.37. The receivables turnover for the company is 1.43for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 482.22.

Conclusion

To put it simply, NeoVolta Inc (NEOV) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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