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The closing price of Sunnova Energy International Inc (NYSE: NOVA) was $3.44 for the day, down -5.75% from the previous closing price of $3.65. In other words, the price has decreased by -$5.75 from its previous closing price. On the day, 8.89 million shares were traded. NOVA stock price reached its highest trading level at $3.76 during the session, while it also had its lowest trading level at $3.44.
Ratios:
Our analysis of NOVA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.73 and its Current Ratio is at 0.86. In the meantime, Its Debt-to-Equity ratio is 4.64 whereas as Long-Term Debt/Eq ratio is at 4.45.
On October 10, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $15.Jefferies initiated its Buy rating on October 10, 2024, with a $15 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 15 ’24 when Mohamed Akbar bought 54,717 shares for $3.80 per share. The transaction valued at 207,739 led to the insider holds 302,654 shares of the business.
Mohamed Akbar bought 50,000 shares of NOVA for $181,990 on Nov 18 ’24. The Director now owns 352,654 shares after completing the transaction at $3.64 per share. On Nov 12 ’24, another insider, ROBERTSON CORBIN J III, who serves as the Director of the company, bought 85,048 shares for $3.32 each. As a result, the insider paid 282,266 and bolstered with 85,048 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NOVA now has a Market Capitalization of 429838336 and an Enterprise Value of 9398335488. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.53 while its Price-to-Book (P/B) ratio in mrq is 0.24. Its current Enterprise Value per Revenue stands at 11.603 whereas that against EBITDA is 313.153.
Stock Price History:
Over the past 52 weeks, NOVA has reached a high of $16.35, while it has fallen to a 52-week low of $2.99. The 50-Day Moving Average of the stock is -51.29%, while the 200-Day Moving Average is calculated to be -48.68%.
Shares Statistics:
NOVA traded an average of 8.20M shares per day over the past three months and 19564090 shares per day over the past ten days. A total of 122.47M shares are outstanding, with a floating share count of 108.86M. Insiders hold about 12.88% of the company’s shares, while institutions hold 97.70% stake in the company. Shares short for NOVA as of 1730332800 were 31845000 with a Short Ratio of 3.88, compared to 1727654400 on 37679222. Therefore, it implies a Short% of Shares Outstanding of 31845000 and a Short% of Float of 34.2.
