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Sunnova Energy International Inc (NYSE: NOVA) closed the day trading at $7.24 down -9.95% from the previous closing price of $8.04. In other words, the price has decreased by -$9.95 from its previous closing price. On the day, 9.86 million shares were traded. NOVA stock price reached its highest trading level at $8.02 during the session, while it also had its lowest trading level at $6.915.
Ratios:
For a better understanding of NOVA, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 0.74. In the meantime, Its Debt-to-Equity ratio is 4.85 whereas as Long-Term Debt/Eq ratio is at 4.54.
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, Piper Sandler on May 21, 2024, Downgraded its rating to Neutral and sets its target price to $4.50 from $9 previously.
Wells Fargo Downgraded its Overweight to Equal Weight on April 19, 2024, whereas the target price for the stock was revised from $11 to $6.
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 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 897629632 and an Enterprise Value of 9163156480. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.25 while its Price-to-Book (P/B) ratio in mrq is 0.56. Its current Enterprise Value per Revenue stands at 12.729 whereas that against EBITDA is 10169.985.
Stock Price History:
Over the past 52 weeks, NOVA has reached a high of $19.56, while it has fallen to a 52-week low of $3.37. The 50-Day Moving Average of the stock is 25.72%, while the 200-Day Moving Average is calculated to be -10.23%.
Shares Statistics:
Over the past 3-months, NOVA traded about 7.50M shares per day on average, while over the past 10 days, NOVA traded about 7736040 shares per day. A total of 122.47M shares are outstanding, with a floating share count of 101.51M. Insiders hold about 18.13% of the company’s shares, while institutions hold 99.16% stake in the company. Shares short for NOVA as of 1721001600 were 36977953 with a Short Ratio of 4.93, compared to 1718323200 on 35143104. Therefore, it implies a Short% of Shares Outstanding of 36977953 and a Short% of Float of 40.14.
