After finishing at $5.69 in the prior trading day, Sunnova Energy International Inc (NYSE: NOVA) closed at $5.35, down -5.98%. In other words, the price has decreased by -$0.34 from its previous closing price. On the day, 14637718 shares were traded.
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 0.72 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 March 04, 2024, 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:
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 07 ’24 when Lynch Jack O. III sold 12,994 shares for $6.21 per share. The transaction valued at 80,693 led to the insider holds 0 shares of the business.
Mohamed Akbar bought 152,450 shares of NOVA for $1,054,954 on Feb 28 ’24. The Director now owns 236,139 shares after completing the transaction at $6.92 per share. On Aug 01 ’23, another insider, Berger William J, who serves as the insider of the company, sold 47,150 shares for $17.86 each. As a result, the insider received 841,991 and left with 365,222 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 655.29M and an Enterprise Value of 7.96B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.91 while its Price-to-Book (P/B) ratio in mrq is 0.43. Its current Enterprise Value per Revenue stands at 11.05 whereas that against EBITDA is 158.25.
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 $5.62. The 50-Day Moving Average of the stock is 10.51, while the 200-Day Moving Average is calculated to be 13.19.
Shares Statistics:
The stock has traded on average 7.45M shares per day over the past 3-months and 11.7M 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 106.06M. Insiders hold about 13.41% of the company’s shares, while institutions hold 110.49% stake in the company. Shares short for NOVA as of Feb 15, 2024 were 34.32M with a Short Ratio of 4.61, 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
Its stock is currently analyzed by 17 different market analysts. 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 -$0.54, 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 -$2.14. EPS for the following year is -$1.76, with 18 analysts recommending between $2.47 and -$4.42.
Revenue Estimates
A total of 24 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 $984.67M. In the same quarter a year ago, actual revenue was $720.65M, up 36.60% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $1.26B 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 27.60% from the average revenue estimate for this year.
