Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Sunnova Energy International Inc (NYSE: NOVA) was $3.14 for the day, down -3.98% from the previous closing price of $3.27. In other words, the price has decreased by -$3.98 from its previous closing price. On the day, 7.08 million shares were traded. NOVA stock price reached its highest trading level at $3.38 during the session, while it also had its lowest trading level at $3.14.
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 December 19, 2024, TD Cowen started tracking the stock assigning a Hold rating and target price of $5.
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 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 392352448 and an Enterprise Value of 9334608896. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.48 while its Price-to-Book (P/B) ratio in mrq is 0.22. Its current Enterprise Value per Revenue stands at 11.525 whereas that against EBITDA is 311.029.
Stock Price History:
The Beta on a monthly basis for NOVA is 2.30, which has changed by -0.69952154 over the last 52 weeks, in comparison to a change of 0.23631513 over the same period for the S&P500. Over the past 52 weeks, NOVA has reached a high of $13.00, while it has fallen to a 52-week low of $2.99. The 50-Day Moving Average of the stock is -22.98%, while the 200-Day Moving Average is calculated to be -48.33%.
Shares Statistics:
NOVA traded an average of 10.97M shares per day over the past three months and 8600380 shares per day over the past ten days. A total of 124.92M shares are outstanding, with a floating share count of 108.65M. Insiders hold about 13.05% of the company’s shares, while institutions hold 98.27% stake in the company. Shares short for NOVA as of 1735603200 were 34031469 with a Short Ratio of 3.10, compared to 1732838400 on 33985912. Therefore, it implies a Short% of Shares Outstanding of 34031469 and a Short% of Float of 36.55.
