NeoVolta Inc (NASDAQ: NEOV)’s stock price has decreased by -9.11 compared to its previous closing price of 4.17. However, the company has seen a -7.56% decrease in its stock price over the last five trading sessions. prnewswire.com reported 2025-01-07 that SAN DIEGO, Jan. 7, 2025 /PRNewswire/ — NeoVolta Inc. (NASDAQ: NEOV) (“NeoVolta”), a leading innovator in energy storage solutions, is pleased to announce the appointment of Michael Mendik, PhD, MBA, as its new Chief Operating Officer (COO). With a distinguished career spanning over two decades in international business management, strategy, and development, Michael brings a wealth of experience and a proven track record of driving profitability and growth in the renewable energy sector.
Is It Worth Investing in NeoVolta Inc (NASDAQ: NEOV) Right Now?
The 36-month beta value for NEOV is at -0.40. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NEOV is 28.31M, and currently, shorts hold a 3.10% of that float. The average trading volume for NEOV on January 22, 2025 was 278.30K shares.
NEOV’s Market Performance
The stock of NeoVolta Inc (NEOV) has seen a -7.56% decrease in the past week, with a -21.86% drop in the past month, and a 28.91% gain in the past quarter. The volatility ratio for the week is 10.91%, and the volatility levels for the past 30 days are at 10.44% for NEOV. The simple moving average for the past 20 days is -20.69% for NEOV’s stock, with a 16.06% simple moving average for the past 200 days.
NEOV Trading at -22.64% 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 -37.96% of loss for the given period.
Volatility was left at 10.44%, however, over the last 30 days, the volatility rate increased by 10.91%, as shares sank -15.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading unchanged at present.
During the last 5 trading sessions, NEOV fell by -7.56%, which changed the moving average for the period of 200-days by +96.37% in comparison to the 20-day moving average, which settled at $4.78. In addition, NeoVolta Inc saw -27.26% 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:
- -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 51.01. 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 conclusion, NeoVolta Inc (NEOV) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
