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Sunnova Energy International Inc (NYSE: NOVA) closed the day trading at $7.44 down -4.98% from the previous closing price of $7.83. In other words, the price has decreased by -$4.98 from its previous closing price. On the day, 10.33 million shares were traded. NOVA stock price reached its highest trading level at $7.9713 during the session, while it also had its lowest trading level at $7.3.
Ratios:
For a better understanding of NOVA, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.85 and its Current Ratio is at 0.97. In the meantime, Its Debt-to-Equity ratio is 4.59 whereas as Long-Term Debt/Eq ratio is at 4.39.
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 the company, Piper Sandler on May 21, 2024, Downgraded its rating to Neutral and sets its target price to $4.50 from $9 previously.
Wells Fargo Downgraded its Overweight to Equal Weight on April 19, 2024, whereas the target price for the stock was revised from $11 to $6.
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 Aug 23 ’24 when Berger William J sold 77,000 shares for $11.31 per share. The transaction valued at 871,039 led to the insider holds 409,045 shares of the business.
Berger William J bought 77,000 shares of NOVA for $870,227 on Aug 23 ’24. On Jul 30 ’24, another insider, Berger William J, who serves as the insider of the company, sold 48,413 shares for $7.05 each. As a result, the insider received 341,157 and left with 486,045 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 928988160 and an Enterprise Value of 9596589056. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.20 while its Price-to-Book (P/B) ratio in mrq is 0.53. Its current Enterprise Value per Revenue stands at 12.413 whereas that against EBITDA is 7275.655.
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 $3.37. The 50-Day Moving Average of the stock is -22.07%, while the 200-Day Moving Average is calculated to be -5.61%.
Shares Statistics:
Over the past 3-months, NOVA traded about 6.06M shares per day on average, while over the past 10 days, NOVA traded about 5141790 shares per day. A total of 122.47M shares are outstanding, with a floating share count of 102.44M. Insiders hold about 17.96% of the company’s shares, while institutions hold 104.70% stake in the company. Shares short for NOVA as of 1726185600 were 36628715 with a Short Ratio of 6.04, compared to 1723680000 on 35601096. Therefore, it implies a Short% of Shares Outstanding of 36628715 and a Short% of Float of 39.380002.
