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The closing price of Sunnova Energy International Inc (NYSE: NOVA) was $4.42 for the day, down -5.35% from the previous closing price of $4.67. In other words, the price has decreased by -$5.35 from its previous closing price. On the day, 4.9 million shares were traded. NOVA stock price reached its highest trading level at $4.695 during the session, while it also had its lowest trading level at $4.41.
Ratios:
Our analysis of NOVA’s different ratios will help us gain a deeper understanding of the company. 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.
On April 19, 2024, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $11 to $6.
Janney Upgraded its Neutral to Buy on March 22, 2024, while the target price for the stock was maintained at $12.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 548000448 and an Enterprise Value of 8813528064. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.76 while its Price-to-Book (P/B) ratio in mrq is 0.34. Its current Enterprise Value per Revenue stands at 12.243 whereas that against EBITDA is -1255.309.
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 $3.37. The 50-Day Moving Average of the stock is -12.09%, while the 200-Day Moving Average is calculated to be -57.36%.
Shares Statistics:
NOVA traded an average of 10.80M shares per day over the past three months and 10817960 shares per day over the past ten days. A total of 122.47M shares are outstanding, with a floating share count of 120.99M. Insiders hold about 2.42% of the company’s shares, while institutions hold 107.72% stake in the company. Shares short for NOVA as of 1713139200 were 39800003 with a Short Ratio of 3.69, compared to 1710460800 on 36126663. Therefore, it implies a Short% of Shares Outstanding of 39800003 and a Short% of Float of 43.2.
