The stock of NeoVolta Inc (NEOV) has seen a 16.20% increase in the past week, with a 0.37% gain in the past month, and a 67.69% flourish in the past quarter. The volatility ratio for the week is 8.29%, and the volatility levels for the past 30 days are at 8.90% for NEOV. The simple moving average for the last 20 days is 11.92% for NEOV’s stock, with a simple moving average of 81.18% for the last 200 days.
Is It Worth Investing in NeoVolta Inc (NASDAQ: NEOV) Right Now?
Company’s 36-month beta value is -0.40.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for NEOV is 28.38M, and currently, short sellers hold a 3.23% ratio of that floaft. The average trading volume of NEOV on December 27, 2024 was 227.97K shares.
NEOV) stock’s latest price update
NeoVolta Inc (NASDAQ: NEOV)’s stock price has gone rise by 4.21 in comparison to its previous close of 5.23, however, the company has experienced a 16.20% increase in its stock price over the last five trading days. globenewswire.com reported 2024-12-11 that SAN DIEGO, Dec. 11, 2024 (GLOBE NEWSWIRE) — NeoVolta Inc. (Nasdaq: NEOV) (“NeoVolta”), a leading innovator in energy storage solutions, is excited to announce the execution of a non-binding letter of intent (“LOI”) with Expion360 Inc. (Nasdaq: XPON) (“Expion360”), a renowned expert in battery design and engineering, and an industry leader in lithium-ion battery power storage solutions. The LOI provides the framework for a potential collaboration that aims to leverage the parties’ shared resources to engineer a state-of-the-art battery manufacturing facility and develop innovative lithium-ion battery cell and module product designs, marking a significant milestone in the production of American-made batteries.
NEOV Trading at 22.14% 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 -10.79% of loss for the given period.
Volatility was left at 8.90%, however, over the last 30 days, the volatility rate increased by 8.29%, as shares surge +10.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +89.27% upper at present.
During the last 5 trading sessions, NEOV rose by +16.63%, which changed the moving average for the period of 200-days by +575.14% in comparison to the 20-day moving average, which settled at $4.87. In addition, NeoVolta Inc saw 240.62% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NEOV
Current profitability levels for the company are sitting at:
- -1.16 for the present operating margin
- 0.2 for the gross margin
The net margin for NeoVolta Inc stands at -1.15. The total capital return value is set at -0.74. Equity return is now at value -56.68, with -55.01 for asset returns.
Currently, EBITDA for the company is -2.3 million with net debt to EBITDA at 0.14. When we switch over and look at the enterprise to sales, we see a ratio of 73.82. The receivables turnover for the company is 1.27for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 16.35.
Conclusion
In a nutshell, NeoVolta Inc (NEOV) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
