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The price of Sunnova Energy International Inc (NYSE: NOVA) closed at $7.49 in the last session, up 8.24% from day before closing price of $6.92. In other words, the price has increased by $8.24 from its previous closing price. On the day, 7.65 million shares were traded. NOVA stock price reached its highest trading level at $7.53 during the session, while it also had its lowest trading level at $6.7312.
Ratios:
We take a closer look at NOVA’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 0.74. In the meantime, Its Debt-to-Equity ratio is 4.85 whereas as Long-Term Debt/Eq ratio is at 4.54.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 928625152 and an Enterprise Value of 9194151936. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.29 while its Price-to-Book (P/B) ratio in mrq is 0.58. Its current Enterprise Value per Revenue stands at 12.772 whereas that against EBITDA is 10204.386.
Stock Price History:
The Beta on a monthly basis for NOVA is 2.21, which has changed by -0.67798793 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, NOVA has reached a high of $24.56, while it has fallen to a 52-week low of $3.37. The 50-Day Moving Average of the stock is 43.64%, while the 200-Day Moving Average is calculated to be -8.24%.
Shares Statistics:
According to the various share statistics, NOVA traded on average about 7.49M shares per day over the past 3-months and 6886190 shares per day over the past 10 days. A total of 122.47M shares are outstanding, with a floating share count of 101.51M. Insiders hold about 18.13% of the company’s shares, while institutions hold 97.01% stake in the company. Shares short for NOVA as of 1719532800 were 35762393 with a Short Ratio of 4.77, compared to 1717113600 on 34647118. Therefore, it implies a Short% of Shares Outstanding of 35762393 and a Short% of Float of 38.819999.
