As of close of business last night, Sunnova Energy International Inc’s stock clocked out at $6.90, down -4.70% from its previous closing price of $7.24. In other words, the price has decreased by -$0.34 from its previous closing price. On the day, 6944843 shares were traded.
Ratios:
To gain a deeper understanding of NOVA’s stock, we examine 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, Morgan Stanley on Mar-05-24, Downgraded its rating to Equal-Weight and sets its target price to $14 from $24 previously.
Northland Capital Downgraded its Outperform to Market Perform on February 23, 2024, whereas the target price for the stock was revised from $12 to $9.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 28 when Mohamed Akbar bought 152,450 shares for $6.92 per share. The transaction valued at 1,054,954 led to the insider holds 236,139 shares of the business.
Berger William J sold 47,150 shares of NOVA for $841,991 on Aug 01. The insider now owns 365,222 shares after completing the transaction at $17.86 per share. On May 19, another insider, Mohamed Akbar, who serves as the Director of the company, bought 10,000 shares for $14.37 each. As a result, the insider paid 143,700 and bolstered with 83,689 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 886.79M and an Enterprise Value of 8.19B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.17 while its Price-to-Book (P/B) ratio in mrq is 0.55. Its current Enterprise Value per Revenue stands at 11.37 whereas that against EBITDA is 162.85.
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 $6.49. The 50-Day Moving Average of the stock is 11.41, while the 200-Day Moving Average is calculated to be 13.42.
Shares Statistics:
It appears that NOVA traded 7.08M shares on average per day over the past three months and 11.92M shares per day over the past ten days. A total of 122.47M shares are outstanding, with a floating share count of 106.06M. Insiders hold about 13.41% of the company’s shares, while institutions hold 110.48% stake in the company. Shares short for NOVA as of Feb 15, 2024 were 34.32M with a Short Ratio of 4.85, compared to 37.32M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 28.03% and a Short% of Float of 37.68%.
Earnings Estimates
As of right now, 16 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.73 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 -$0.56, 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 -$2.11. EPS for the following year is -$1.65, with 16 analysts recommending between $2.47 and -$4.42.
Revenue Estimates
A total of 21 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 $988.42M. In the same quarter a year ago, actual revenue was $720.65M, up 37.20% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $1.27B in the next fiscal year. The high estimate is $1.51B and the low estimate is $1.03B. The average revenue growth estimate for next year is up 28.10% from the average revenue estimate for this year.
