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After finishing at $5.56 in the prior trading day, Sunnova Energy International Inc (NYSE: NOVA) closed at $5.63, up 1.26%. In other words, the price has increased by $1.26 from its previous closing price. On the day, 3.63 million shares were traded. NOVA stock price reached its highest trading level at $5.75 during the session, while it also had its lowest trading level at $5.45.
Ratios:
Our goal is to gain a better understanding of NOVA by taking a closer look at 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:
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 698018688 and an Enterprise Value of 8963546112. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.97 while its Price-to-Book (P/B) ratio in mrq is 0.44. Its current Enterprise Value per Revenue stands at 12.452 whereas that against EBITDA is 9948.441.
Stock Price History:
The Beta on a monthly basis for NOVA is 2.19, which has changed by -0.70021296 over the last 52 weeks, in comparison to a change of 0.26253593 over the same period for the S&P500. Over the past 52 weeks, NOVA has reached a high of $24.56, while it has fallen to a 52-week low of $3.37. The 50-Day Moving Average of the stock is 15.96%, while the 200-Day Moving Average is calculated to be -32.39%.
Shares Statistics:
The stock has traded on average 7.77M shares per day over the past 3-months and 7222880 shares per day over the last 10 days, according to various share statistics. 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 96.80% stake in the company. Shares short for NOVA as of 1718323200 were 35143104 with a Short Ratio of 4.52, compared to 1715731200 on 38342984. Therefore, it implies a Short% of Shares Outstanding of 35143104 and a Short% of Float of 38.14.
Earnings Estimates
A detailed examination of Sunnova Energy International Inc (NOVA) is currently in progress, with 22.0 analysts providing valuable insights into its market dynamics.On average, analysts expect EPS of -$0.59 for the current quarter, with a high estimate of -$0.18 and a low estimate of -$1.17, while EPS last year was -$0.74. The consensus estimate for the next quarter is -$0.44, with high estimates of $0.37 and low estimates of -$1.24.
Analysts are recommending an EPS of between $0.5 and -$4.29 for the fiscal current year, implying an average EPS of -$2.1. EPS for the following year is -$2.11, with 22.0 analysts recommending between $0.56 and -$4.96.
Revenue Estimates
For the next quarter, 20 analysts are estimating revenue of $249.63M. There is a high estimate of $293.75M for the next quarter, whereas the lowest estimate is $196M.
A total of 24 analysts have provided revenue estimates for NOVA’s current fiscal year. The highest revenue estimate was $1.02B, while the lowest revenue estimate was $740M, resulting in an average revenue estimate of $883.24M. In the same quarter a year ago, actual revenue was $720.65MBased on 22 analysts’ estimates, the company’s revenue will be $1.14B in the next fiscal year. The high estimate is $1.38B and the low estimate is $897M.
