Sunnova Energy International Inc (NOVA) concluded trading on Wednesday at a closing price of $11.69, with 8.77 million shares of worth about $102.54 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.17% during that period and on Wednesday the price saw a gain of about 4.00%. Currently the company’s common shares owned by public are about 114.94M shares, out of which, 106.15M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 46 times over the past 12 months. They bought 394,700 shares in 30 of the transactions. In 16 selling transactions, insiders dumped 152,908 shares.
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However, the stock later moved at a day high price of 11.88, or with a gain of 4.00%. Stock saw a price change of 9.25% in past 5 days and over the past one month there was a price change of 11.87%. Year-to-date (YTD), NOVA shares are showing a performance of -23.34% which decreased to -35.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.61 but also hit the highest price of $24.56 during that period. The average intraday trading volume for Sunnova Energy International Inc shares is 5.79 million. The stock is currently trading 8.79% above its 20-day simple moving average (SMA20), while that difference is down -3.34% for SMA50 and it goes to -14.89% lower than SMA200.
Sunnova Energy International Inc (NYSE: NOVA) currently have 114.94M outstanding shares and institutions hold larger chunk of about 110.50% of that.
The stock has a current market capitalization of $1.43B and its 3Y-monthly beta is at 2.22. It has posted earnings per share of -$2.16 in the same period. It has Quick Ratio of 0.99 while making debt-to-equity ratio of 4.62. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NOVA, volatility over the week remained 7.54% while standing at 9.15% over the month.
Analysts are in expectations that Sunnova Energy International Inc (NOVA) stock would likely to be making an EPS of -$0.18 in the current quarter, while forecast for next quarter EPS is -$0.54 and it is -$1.73 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.82 which is $1.43 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.18 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 46.63% while it is estimated to increase by 22.57% in next year. EPS is likely to shrink at an annualized rate of -14.00% for next 5-years, compared to annual growth of 0.00% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Truist on January 23, 2024 offering a Buy rating for the stock and assigned a target price range of between $10 and $18 to it. Coverage by Piper Sandler stated Sunnova Energy International Inc (NOVA) stock as an Overweight in their note to investors on December 19, 2023, suggesting a price target of $26 for the stock. On December 18, 2023, Goldman Upgrade their recommendations, while on November 21, 2023, Mizuho Initiated their ratings for the stock with a price target of $20. Stock get a Neutral rating from Exane BNP Paribas on October 20, 2023.
