Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Sunnova Energy International Inc (NYSE: NOVA) was $4.51 for the day, up 1.12% from the previous closing price of $4.46. In other words, the price has increased by $1.12 from its previous closing price. On the day, 7.92 million shares were traded. NOVA stock price reached its highest trading level at $4.75 during the session, while it also had its lowest trading level at $4.4.
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.
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 this company, TD Cowen on December 19, 2024, initiated with a Hold rating and assigned the stock a target price of $5.
Exane BNP Paribas Downgraded its Neutral to Underperform on November 08, 2024, while the target price for the stock was maintained at $3.50.
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 563538048 and an Enterprise Value of 9505794048. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.70 while its Price-to-Book (P/B) ratio in mrq is 0.32. Its current Enterprise Value per Revenue stands at 11.736 whereas that against EBITDA is 316.733.
Stock Price History:
Over the past 52 weeks, NOVA has reached a high of $13.45, while it has fallen to a 52-week low of $2.99. The 50-Day Moving Average of the stock is 2.52%, while the 200-Day Moving Average is calculated to be -26.75%.
Shares Statistics:
NOVA traded an average of 10.73M shares per day over the past three months and 8028320 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 98.46% stake in the company. Shares short for NOVA as of 1734048000 were 34041312 with a Short Ratio of 3.17, compared to 1731628800 on 32912875. Therefore, it implies a Short% of Shares Outstanding of 34041312 and a Short% of Float of 36.560002000000004.
