NOVA has 36-month beta value of 2.20. Analysts have mixed views on the stock, with 13 analysts rating it as a “buy,” 5 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for NOVA is 108.86M, and currently, short sellers hold a 29.25% ratio of that float. The average trading volume of NOVA on November 22, 2024 was 8.60M shares.
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NOVA) stock’s latest price update
The stock of Sunnova Energy International Inc (NYSE: NOVA) has increased by 6.98 when compared to last closing price of 4.37. Despite this, the company has experienced a 24.67% gain in its stock price over the last five trading sessions. fool.com reported 2024-11-20 that Why Sunnova Energy Stock Leaped 23% Higher Today
NOVA’s Market Performance
Sunnova Energy International Inc (NOVA) has seen a 24.67% rise in stock performance for the week, with a -10.10% decline in the past month and a -58.85% plunge in the past quarter. The volatility ratio for the week is 14.51%, and the volatility levels for the past 30 days are at 16.73% for NOVA. The simple moving average for the past 20 days is 3.87% for NOVA’s stock, with a -29.35% simple moving average for the past 200 days.
Analysts’ Opinion of NOVA
Many brokerage firms have already submitted their reports for NOVA stocks, with Exane BNP Paribas repeating the rating for NOVA by listing it as a “Underperform.” The predicted price for NOVA in the upcoming period, according to Exane BNP Paribas is $3.50 based on the research report published on November 08, 2024 of the current year 2024.
Jefferies gave a rating of “Buy” to NOVA, setting the target price at $15 in the report published on October 10th of the current year.
NOVA Trading at -29.79% 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 -71.42% of loss for the given period.
Volatility was left at 16.73%, however, over the last 30 days, the volatility rate increased by 14.51%, as shares sank -11.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -59.35% lower at present.
During the last 5 trading sessions, NOVA rose by +24.67%, which changed the moving average for the period of 200-days by -57.50% in comparison to the 20-day moving average, which settled at $4.50. In addition, Sunnova Energy International Inc saw -69.34% 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 ROBERTSON CORBIN J III, who purchase 35,000 shares at the price of $3.56 back on Nov 19 ’24. After this action, ROBERTSON CORBIN J III now owns 120,048 shares of Sunnova Energy International Inc, valued at $124,498 using the latest closing price.
Mohamed Akbar, the Director of Sunnova Energy International Inc, purchase 50,000 shares at $3.56 during a trade that took place back on Nov 19 ’24, which means that Mohamed Akbar is holding 402,654 shares at $177,960 based on the most recent closing price.
Stock Fundamentals for NOVA
Current profitability levels for the company are sitting at:
- -0.36 for the present operating margin
- 0.43 for the gross margin
The net margin for Sunnova Energy International Inc stands at -0.51. The total capital return value is set at -0.02. Equity return is now at value -24.77, with -3.49 for asset returns.
Based on Sunnova Energy International Inc (NOVA), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at -0.03. The debt to equity ratio resting at 4.63. The interest coverage ratio of the stock is -0.52.
Currently, EBITDA for the company is -3.98 million with net debt to EBITDA at 213.03. When we switch over and look at the enterprise to sales, we see a ratio of 10.68. The receivables turnover for the company is 1.56for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.86.
Conclusion
To put it simply, Sunnova Energy International Inc (NOVA) has had a bad 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.
