The closing price of Sunnova Energy International Inc (NYSE: NOVA) was $5.56 for the day, up 3.15% from the previous closing price of $5.39. In other words, the price has increased by $+0.17 from its previous closing price. On the day, 14514701 shares were traded.
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 0.72 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.
On March 04, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $24 to $14.
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 681.01M and an Enterprise Value of 7.99B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.94 while its Price-to-Book (P/B) ratio in mrq is 0.45. Its current Enterprise Value per Revenue stands at 11.08 whereas that against EBITDA is 158.76.
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 $3.80. The 50-Day Moving Average of the stock is 8.38, while the 200-Day Moving Average is calculated to be 12.45.
Shares Statistics:
NOVA traded an average of 8.72M shares per day over the past three months and 14.4M shares per day over the past ten days. A total of 122.47M shares are outstanding, with a floating share count of 105.96M. Insiders hold about 13.49% of the company’s shares, while institutions hold 110.28% stake in the company. Shares short for NOVA as of Feb 29, 2024 were 35.32M with a Short Ratio of 4.05, compared to 37.3M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 28.84% and a Short% of Float of 38.77%.
Earnings Estimates
The firm’s stock currently is rated by 19 analysts. On average, analysts expect EPS of -$0.75 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$1.32, while EPS last year was -$0.7. The consensus estimate for the next quarter is -$0.54, with high estimates of -$0.06 and low estimates of -$1.11.
Analysts are recommending an EPS of between $1.43 and -$4.72 for the fiscal current year, implying an average EPS of -$2.21. EPS for the following year is -$1.82, with 20 analysts recommending between $2.47 and -$4.42.
Revenue Estimates
A total of 26 analysts have provided revenue estimates for NOVA’s current fiscal year. The highest revenue estimate was $1.13B, while the lowest revenue estimate was $783M, resulting in an average revenue estimate of $983.44M. In the same quarter a year ago, actual revenue was $720.65M, up 36.50% from the average estimate. Based on 24 analysts’ estimates, the company’s revenue will be $1.25B in the next fiscal year. The high estimate is $1.51B and the low estimate is $988M. The average revenue growth estimate for next year is up 27.30% from the average revenue estimate for this year.
