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Sunnova Energy International Inc (NYSE: NOVA) closed the day trading at $3.80 up 0.53% from the previous closing price of $3.78. In other words, the price has increased by $0.53 from its previous closing price. On the day, 10.22 million shares were traded. NOVA stock price reached its highest trading level at $4.04 during the session, while it also had its lowest trading level at $3.52.
Ratios:
For a better understanding of NOVA, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.72 and its Current Ratio is at 0.85. In the meantime, Its Debt-to-Equity ratio is 4.93 whereas as Long-Term Debt/Eq ratio is at 4.61.
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, Wells Fargo on April 19, 2024, Downgraded its rating to Equal Weight and sets its target price to $6 from $11 previously.
On March 22, 2024, Janney Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $12.
Morgan Stanley Downgraded its Overweight to Equal-Weight on March 04, 2024, whereas the target price for the stock was revised from $24 to $14.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 470595808 and an Enterprise Value of 8381293056. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.65 while its Price-to-Book (P/B) ratio in mrq is 0.30. Its current Enterprise Value per Revenue stands at 11.63 whereas that against EBITDA is 18339.81.
Stock Price History:
Over the past 52 weeks, NOVA has reached a high of $24.56, while it has fallen to a 52-week low of $3.74. The 50-Day Moving Average of the stock is -42.76%, while the 200-Day Moving Average is calculated to be -66.54%.
Shares Statistics:
Over the past 3-months, NOVA traded about 10.06M shares per day on average, while over the past 10 days, NOVA traded about 8906670 shares per day. A total of 122.47M shares are outstanding, with a floating share count of 105.94M. Insiders hold about 13.51% of the company’s shares, while institutions hold 110.67% stake in the company. Shares short for NOVA as of 1711584000 were 39303092 with a Short Ratio of 3.91, compared to 1709164800 on 35323754. Therefore, it implies a Short% of Shares Outstanding of 39303092 and a Short% of Float of 42.730000000000004.
Earnings Estimates
The firm’s stock currently is rated by Novavax, Inc. analysts. The consensus estimate for the next quarter is $11.31, with high estimates of $46.74 and low estimates of $574.00.
