Metric Analysis: NeoVolta Inc (NEOV)’s Key Ratios in the Limelight

Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.

In the latest session, NeoVolta Inc (NASDAQ: NEOV) closed at $2.84 down -0.35% from its previous closing price of $2.85. In other words, the price has decreased by -$0.35 from its previous closing price. On the day, 0.12 million shares were traded. NEOV stock price reached its highest trading level at $3.0 during the session, while it also had its lowest trading level at $2.831.

Ratios:

For a deeper understanding of NeoVolta Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.29 and its Current Ratio is at 3.80. In the meantime, Its Debt-to-Equity ratio is 0.47 whereas as Long-Term Debt/Eq ratio is at 0.10.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NEOV now has a Market Capitalization of 97255800 and an Enterprise Value of 98182328. For the stock, the TTM Price-to-Sale (P/S) ratio is 22.75 while its Price-to-Book (P/B) ratio in mrq is 25.33. Its current Enterprise Value per Revenue stands at 23.074.

Stock Price History:

The Beta on a monthly basis for NEOV is -0.26, which has changed by -0.04537815 over the last 52 weeks, in comparison to a change of 0.092761636 over the same period for the S&P500. Over the past 52 weeks, NEOV has reached a high of $6.11, while it has fallen to a 52-week low of $1.80. The 50-Day Moving Average of the stock is -1.81%, while the 200-Day Moving Average is calculated to be -18.04%.

Shares Statistics:

For the past three months, NEOV has traded an average of 188.12K shares per day and 129830 over the past ten days. A total of 34.12M shares are outstanding, with a floating share count of 28.97M. Insiders hold about 15.12% of the company’s shares, while institutions hold 17.43% stake in the company. Shares short for NEOV as of 1748563200 were 1405619 with a Short Ratio of 7.47, compared to 1745971200 on 1320500. Therefore, it implies a Short% of Shares Outstanding of 1405619 and a Short% of Float of 4.84.