In the case of Sunnova Energy International Inc. (NYSE: NOVA), what’s next?

Sunnova Energy International Inc. (NYSE: NOVA) closed the day trading at $22.00 down -0.81% from the previous closing price of $22.18. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 2827295 shares were traded.

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Ratios:

For a better understanding of NOVA, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.60 and its Current Ratio is at 2.00. In the meantime, Its Debt-to-Equity ratio is 4.01 whereas as Long-Term Debt/Eq ratio is at 3.86.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Deutsche Bank on November 15, 2022, initiated with a Buy rating and assigned the stock a target price of $36.

On October 17, 2022, Susquehanna started tracking the stock assigning a Positive rating and target price of $38.Susquehanna initiated its Positive rating on October 17, 2022, with a $38 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 28 when DuBose Arthur sold 327 shares for $27.34 per share. The transaction valued at 8,939 led to the insider holds 2,146 shares of the business.

Berger William J sold 150,000 shares of NOVA for $4,506,645 on Aug 08. The insider now owns 301,142 shares after completing the transaction at $30.04 per share. On Aug 05, another insider, Hultberg Kelsey, who serves as the insider of the company, sold 2,000 shares for $28.00 each. As a result, the insider received 56,000 and left with 15,493 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 6.35 while its Price-to-Book (P/B) ratio in mrq is 2.03.

Stock Price History:

Over the past 52 weeks, NOVA has reached a high of $42.46, while it has fallen to a 52-week low of $12.47. The 50-Day Moving Average of the stock is 21.40, while the 200-Day Moving Average is calculated to be 21.21.

Shares Statistics:

Over the past 3-months, NOVA traded about 3.33M shares per day on average, while over the past 10 days, NOVA traded about 3.96M shares per day. A total of 114.82M shares are outstanding, with a floating share count of 105.35M. Shares short for NOVA as of Oct 13, 2022 were 25.22M with a Short Ratio of 25.64M, compared to 23.34M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 21.99% and a Short% of Float of 30.40%.

Earnings Estimates

Current recommendations for the stock of the company come from 18 analysts. On average, analysts expect EPS of -$0.37 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.69, while EPS last year was -$0.13. The consensus estimate for the next quarter is -$0.37, with high estimates of $0.45 and low estimates of -$0.75.

Analysts are recommending an EPS of between -$0.68 and -$1.66 for the fiscal current year, implying an average EPS of -$1.28. EPS for the following year is -$1.16, with 19 analysts recommending between $1.97 and -$2.42.

Revenue Estimates

18 analysts predict $134.84M in revenue for the current quarter. It ranges from a high estimate of $182.84M to a low estimate of $90.6M. As of the current estimate, Sunnova Energy International Inc.’s year-ago sales were $65.02M, an estimated increase of 107.40% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $129.7M, an increase of 97.30% less than the figure of $107.40% in the same quarter last year. There is a high estimate of $188M for the next quarter, whereas the lowest estimate is $83.1M.

A total of 20 analysts have provided revenue estimates for NOVA’s current fiscal year. The highest revenue estimate was $564.34M, while the lowest revenue estimate was $414.3M, resulting in an average revenue estimate of $494.09M. In the same quarter a year ago, actual revenue was $241.75M, up 104.40% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $661.53M in the next fiscal year. The high estimate is $904.61M and the low estimate is $459.93M. The average revenue growth estimate for next year is up 33.90% from the average revenue estimate for this year.