Sunnova Energy International Inc (NOVA)’s price-to-cash and price-to-free cash flow ratios

The price of Sunnova Energy International Inc (NYSE: NOVA) closed at $10.70 in the last session, down -11.93% from day before closing price of $12.15. In other words, the price has decreased by -$1.45 from its previous closing price. On the day, 7908841 shares were traded.

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We take a closer look at NOVA’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.99 and its Current Ratio is at 1.14. In the meantime, Its Debt-to-Equity ratio is 4.62 whereas as Long-Term Debt/Eq ratio is at 4.32.

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, Truist on January 23, 2024, Upgraded its rating to Buy and sets its target price to $18 from $10 previously.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 01 when Berger William J sold 47,150 shares for $17.86 per share. The transaction valued at 841,991 led to the insider holds 365,222 shares of the business.

Mohamed Akbar bought 10,000 shares of NOVA for $143,700 on May 19. The Director now owns 83,689 shares after completing the transaction at $14.37 per share. On Mar 31, another insider, Berger William J, who serves as the insider of the company, bought 600 shares for $15.58 each. As a result, the insider paid 9,348 and bolstered with 293,325 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 1.31B and an Enterprise Value of 8.03B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.81 while its Price-to-Book (P/B) ratio in mrq is 0.84. Its current Enterprise Value per Revenue stands at 11.12 whereas that against EBITDA is 78.41.

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 $7.61. The 50-Day Moving Average of the stock is 12.17, while the 200-Day Moving Average is calculated to be 13.88.

Shares Statistics:

According to the various share statistics, NOVA traded on average about 5.88M shares per day over the past 3-months and 7.66M shares per day over the past 10 days. A total of 114.94M shares are outstanding, with a floating share count of 106.17M. Insiders hold about 13.28% of the company’s shares, while institutions hold 109.03% stake in the company. Shares short for NOVA as of Jan 31, 2024 were 37.3M with a Short Ratio of 6.35, compared to 36.79M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 30.47% and a Short% of Float of 40.96%.

Earnings Estimates

The company has Novavax, Inc. analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $9.16, with high estimates of $62.84 and low estimates of $10.70.

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