Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The price of Sunnova Energy International Inc (NYSE: NOVA) closed at $4.02 in the last session, down -1.71% from day before closing price of $4.09. In other words, the price has decreased by -$1.71 from its previous closing price. On the day, 6.89 million shares were traded. NOVA stock price reached its highest trading level at $4.14 during the session, while it also had its lowest trading level at $3.88.
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 0.73 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 November 08, 2024, Exane BNP Paribas Downgraded its rating to Underperform which previously was Neutral but kept the price unchanged to $3.50.
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 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 502311072 and an Enterprise Value of 9444568064. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.61 while its Price-to-Book (P/B) ratio in mrq is 0.28. Its current Enterprise Value per Revenue stands at 11.66 whereas that against EBITDA is 314.693.
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 -21.06%, while the 200-Day Moving Average is calculated to be -35.90%.
Shares Statistics:
According to the various share statistics, NOVA traded on average about 9.71M shares per day over the past 3-months and 8053040 shares per day over the past 10 days. A total of 124.92M shares are outstanding, with a floating share count of 108.67M. Insiders hold about 13.03% of the company’s shares, while institutions hold 98.18% stake in the company. Shares short for NOVA as of 1732838400 were 33985912 with a Short Ratio of 3.50, compared to 1730332800 on 31845000. Therefore, it implies a Short% of Shares Outstanding of 33985912 and a Short% of Float of 36.5.
