As of close of business last night, Sunnova Energy International Inc’s stock clocked out at $4.78, down -6.82% from its previous closing price of $5.13. In other words, the price has decreased by -$0.3500 from its previous closing price. On the day, 10422677 shares were traded.
Ratios:
To gain a deeper understanding of NOVA’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.72 and its Current Ratio is at 0.85. In the meantime, Its Debt-to-Equity ratio is 4.93 whereas as Long-Term Debt/Eq ratio is at 4.61.
On March 04, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $24 to $14.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 25 ’24 when Grasso Michael P sold 7,409 shares for $5.89 per share. The transaction valued at 43,639 led to the insider holds 67,579 shares of the business.
LANE ROBERT LAWRENCE sold 6,710 shares of NOVA for $39,522 on Mar 25 ’24. The insider now owns 141,529 shares after completing the transaction at $5.89 per share. On Mar 25 ’24, another insider, Nutting Meghan, who serves as the insider of the company, sold 2,917 shares for $5.80 each. As a result, the insider received 16,919 and left with 55,851 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 585.47M and an Enterprise Value of 7.89B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.81 while its Price-to-Book (P/B) ratio in mrq is 0.38. Its current Enterprise Value per Revenue stands at 10.95 whereas that against EBITDA is 156.86.
Stock Price History:
Over the past 52 weeks, NOVA has reached a high of $24.56, while it has fallen to a 52-week low of $3.80. The 50-Day Moving Average of the stock is 7.6896, while the 200-Day Moving Average is calculated to be 11.9918.
Shares Statistics:
It appears that NOVA traded 9.51M shares on average per day over the past three months and 11.58M shares per day over the past ten days. A total of 122.47M shares are outstanding, with a floating share count of 105.94M. Insiders hold about 13.51% of the company’s shares, while institutions hold 110.55% stake in the company. Shares short for NOVA as of Mar 15, 2024 were 36.13M with a Short Ratio of 3.80, compared to 34.32M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 29.49% and a Short% of Float of 39.65%.
Earnings Estimates
As of right now, 20 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.75 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$1.32, while EPS last year was -$0.7. The consensus estimate for the next quarter is -$0.54, with high estimates of -$0.06 and low estimates of -$1.11.
Analysts are recommending an EPS of between $1.43 and -$4.72 for the fiscal current year, implying an average EPS of -$2.15. EPS for the following year is -$1.79, with 19 analysts recommending between $2.47 and -$4.42.
Revenue Estimates
A total of 25 analysts have provided revenue estimates for NOVA’s current fiscal year. The highest revenue estimate was $1.13B, while the lowest revenue estimate was $783M, resulting in an average revenue estimate of $982.08M. In the same quarter a year ago, actual revenue was $720.65M, up 36.30% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $1.25B in the next fiscal year. The high estimate is $1.51B and the low estimate is $988M. The average revenue growth estimate for next year is up 27.30% from the average revenue estimate for this year.
