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As of close of business last night, Sunnova Energy International Inc’s stock clocked out at $7.38, up 2.93% from its previous closing price of $7.17. In other words, the price has increased by $2.93 from its previous closing price. On the day, 6.83 million shares were traded. NOVA stock price reached its highest trading level at $7.635 during the session, while it also had its lowest trading level at $7.05.
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 0.62 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:
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 914987200 and an Enterprise Value of 9180513280. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.27 while its Price-to-Book (P/B) ratio in mrq is 0.57. Its current Enterprise Value per Revenue stands at 12.753 whereas that against EBITDA is 10189.249.
Stock Price History:
Over the past 52 weeks, NOVA has reached a high of $24.10, while it has fallen to a 52-week low of $3.37. The 50-Day Moving Average of the stock is 37.28%, while the 200-Day Moving Average is calculated to be -9.06%.
Shares Statistics:
It appears that NOVA traded 7.49M shares on average per day over the past three months and 7535773 shares per day over the past ten 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 97.05% 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.
