Sunnova Energy International Inc. (NYSE:NOVA) finished Wednesday with an addition of $1.29 to close at $39.52, an upside of 3.37 percent. An average of 1,887,580 shares of common stock have been traded in the last five days. There was a gain of $7.33 in the past week. The last 20 days have seen an average of 1,679,520 shares traded, while the 50-day average volume stands at 1,569,652.
NOVA stock has increased by 10.24% in the last month. The company shares reached their 1-month lowest point of $30.22 on 10/06/21. With the stock rallying to its 52-week high on 01/07/21, shares of the company touched a low of $23.65 and a high of $57.70 in 52 weeks. In spite of this, the price is down -31.51% from the 52-week high.
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71 days have passed since Sunnova Energy International Inc. (NOVA) last reported insider trading activity. Grasso Michael P, who is See Remarks, most recently acquired $5,500 shares at $37.50 per share on Aug 04. In this transaction, the insider spent $206,250. See Remarks, Hillstrand Kris W, disposed of 8,117 shares at a price of $37.04 on Aug 02. The insider now owns more than $300,664 worth of shares. Prior to that, See Remarks Baker Walter A went on to Sale 7,193 shares at $37.04 each on Aug 02. An amount of $266,438 was transacted.
Sunnova Energy International Inc. (NOVA) has a trailing price-to-earnings (P/E) ratio of 31.10 for the broader industry and 37.24 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 22.93, the price-to-book (PB) ratio at 4.15.
The quick ratio of Sunnova Energy International Inc. for the three months ended June 29 was 2.10, and the current ratio was 2.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.43 and a total debt to equity ratio of 2.55 for the quarter ending June 29. Sunnova Energy International Inc.’s EBITDA margin for the year ending June 29 is 20.21%. Its gross profit as reported stood at $95.64 million compared to revenue of $160.82 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Sunnova Energy International Inc.’s return on assets was -6.70%. For the broader industry, ROE averaged -0.25 over the past year.
The analyst consensus anticipated Sunnova Energy International Inc.’s latest quarter earnings to come in at -$0.14 per share, but it turned out to be -$0.57, a -307.10% surprise. For the quarter, EBITDA amounted to $24.5 million. Shareholders own equity worth $111.99 million.
From a technical analysis perspective, let’s take a brief look at Sunnova Energy International Inc. (NOVA) price momentum. RSI 9-day as of the close on 13 October was 74.37%, suggesting the stock is Overbought, with historical volatility in this time frame at 60.03%.
As of today, NOVA’s price is $36.39 +22.77% or $7.33 from its 5-day moving average. NOVA is currently trading +12.37% higher than its 20-day SMA and +36.61% higher than its 100-day SMA. However, the stock’s current price level is +4.69% above the SMA50 and -10.02% below the SMA200.
The stochastic %K and %D were 98.54% and 91.44%, respectively, and the average true range (ATR) was 1.95. With the 14-day stochastic at 99.57% and the average true range at 1.92, the RSI (14) stands at 67.17%. The stock has reached 3.45 on the 9-day MACD Oscillator while the 14-day reading was at 3.97.
BMO Capital Markets launched coverage on Sunnova Energy International Inc. (NYSE: NOVA) in its analyst report released on October 01, 2021. The firm assigned the stock a an Outperform rating.The consensus rating for Sunnova Energy International Inc. (NOVA) among analysts is Buy. According to current brokerage recommendations, 1 brokerage firm advise that investors sell NOVA, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 14 others rate it as a “buy”.
What is NOVA’s price target for the next 12 months?
Analysts predict a range of price targets between $41.00 and $65.00, with a median target of $52.00. Taking a look at these predictions, the average price target given by analysts for Sunnova Energy International Inc. (NOVA) stock is $52.88.