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Sunnova Energy International Inc (NYSE: NOVA) closed the day trading at $4.97 down -7.62% from the previous closing price of $5.38. In other words, the price has decreased by -$7.62 from its previous closing price. On the day, 8.39 million shares were traded. NOVA stock price reached its highest trading level at $5.38 during the session, while it also had its lowest trading level at $4.84.
Ratios:
For a better understanding of NOVA, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.73 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:
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 Nov 19 ’24 when ROBERTSON CORBIN J III bought 35,000 shares for $3.56 per share. The transaction valued at 124,498 led to the insider holds 120,048 shares of the business.
Mohamed Akbar bought 50,000 shares of NOVA for $177,960 on Nov 19 ’24. The Director now owns 402,654 shares after completing the transaction at $3.56 per share. On Nov 18 ’24, another insider, Williams Eric Michael, who serves as the EVP, Chief Financial Officer of the company, bought 13,800 shares for $3.60 each. As a result, the insider paid 49,680 and bolstered with 13,800 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 621016384 and an Enterprise Value of 9563272192. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.77 while its Price-to-Book (P/B) ratio in mrq is 0.35. Its current Enterprise Value per Revenue stands at 11.807 whereas that against EBITDA is 318.648.
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 -16.10%, while the 200-Day Moving Average is calculated to be -22.72%.
Shares Statistics:
Over the past 3-months, NOVA traded about 9.20M shares per day on average, while over the past 10 days, NOVA traded about 11231470 shares per day. A total of 124.92M shares are outstanding, with a floating share count of 108.65M. Insiders hold about 13.04% of the company’s shares, while institutions hold 97.95% stake in the company. Shares short for NOVA as of 1731628800 were 32912875 with a Short Ratio of 3.58, compared to 1728950400 on 32616204. Therefore, it implies a Short% of Shares Outstanding of 32912875 and a Short% of Float of 35.349998.
