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The closing price of Sunnova Energy International Inc (NYSE: NOVA) was $5.29 for the day, up 1.73% from the previous closing price of $5.20. In other words, the price has increased by $1.73 from its previous closing price. On the day, 7.31 million shares were traded. NOVA stock price reached its highest trading level at $5.475 during the session, while it also had its lowest trading level at $5.1.
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 0.85 and its Current Ratio is at 0.97. In the meantime, Its Debt-to-Equity ratio is 4.59 whereas as Long-Term Debt/Eq ratio is at 4.39.
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 this company, Jefferies on October 10, 2024, initiated with a Buy rating and assigned the stock a target price of $15.
On May 21, 2024, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $9 to $4.50.
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 Aug 23 ’24 when Berger William J sold 77,000 shares for $11.31 per share. The transaction valued at 871,039 led to the insider holds 409,045 shares of the business.
Berger William J bought 77,000 shares of NOVA for $870,227 on Aug 23 ’24. On Jul 30 ’24, another insider, Berger William J, who serves as the insider of the company, sold 48,413 shares for $7.05 each. As a result, the insider received 341,157 and left with 486,045 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 660530560 and an Enterprise Value of 9328131072. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.85 while its Price-to-Book (P/B) ratio in mrq is 0.38. Its current Enterprise Value per Revenue stands at 12.066 whereas that against EBITDA is 7072.124.
Stock Price History:
Over the past 52 weeks, NOVA has reached a high of $16.35, while it has fallen to a 52-week low of $3.37. The 50-Day Moving Average of the stock is -41.81%, while the 200-Day Moving Average is calculated to be -26.68%.
Shares Statistics:
NOVA traded an average of 6.13M shares per day over the past three months and 7533440 shares per day over the past ten days. A total of 122.47M shares are outstanding, with a floating share count of 108.47M. Insiders hold about 13.13% of the company’s shares, while institutions hold 104.49% stake in the company. Shares short for NOVA as of 1728950400 were 32616204 with a Short Ratio of 5.32, compared to 1726185600 on 36628715. Therefore, it implies a Short% of Shares Outstanding of 32616204 and a Short% of Float of 35.07.
