Sunnova Energy International Inc [NOVA] stock is trading at $7.58, up 2.71%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NOVA shares have gain 9.54% over the last week, with a monthly amount glided 32.29%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Sunnova Energy International Inc [NYSE: NOVA] stock has seen the most recent analyst activity on May 21, 2024, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $4.50 from $9. Previously, KeyBanc Capital Markets downgraded its rating to Sector Weight on April 23, 2024. On April 19, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $6 on the stock. Janney upgraded its rating to a Buy but stick to its price target of $12 on March 22, 2024. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $14 on March 04, 2024. Janney downgraded its rating to Neutral for this stock on February 27, 2024. In a note dated February 23, 2024, Northland Capital downgraded an Market Perform rating on this stock and revised its target price from $12 to $9.
Sunnova Energy International Inc [NOVA] stock has fluctuated between $3.37 and $22.90 over the past year. Currently, Wall Street analysts expect the stock to reach $26.52 within the next 12 months. Sunnova Energy International Inc [NYSE: NOVA] shares were valued at $7.58 at the most recent close of the market. An investor can expect a potential return of 249.87% based on the average NOVA price forecast.
Analyzing the NOVA fundamentals
Sunnova Energy International Inc [NYSE:NOVA] reported sales of 719.86M for the trailing twelve months, which represents a drop of -0.49%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at -0.4%, Pretax Profit Margin comes in at -0.73%, and Net Profit Margin reading is -0.57%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.27 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.85.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.16 points at the first support level, and at 6.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.94, and for the 2nd resistance point, it is at 8.31.
Ratios To Look Out For
For context, Sunnova Energy International Inc’s Current Ratio is 0.74. In addition, the Quick Ratio stands at 0.62 and the Cash Ratio stands at 0.24. Considering the valuation of this stock, the price to sales ratio is 1.31, the price to book ratio is 0.59.
Transactions by insiders
Recent insider trading involved Grasso Michael P,, that happened on Mar 25 ’24 when 7409.0 shares were sold., LANE ROBERT LAWRENCE completed a deal on Mar 25 ’24 to sell 6710.0 shares. Meanwhile, Nutting Meghan sold 2917.0 shares on Mar 25 ’24.
