Sunnova Energy International Inc [NOVA] stock is trading at $5.73, down -5.60%. An important factor to consider is whether the stock is rising or falling in short-term value. The NOVA shares have gain 8.32% over the last week, with a monthly amount drifted -26.82%, and not 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 October 10, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $15. Previously, Piper Sandler downgraded its rating to Neutral on May 21, 2024, and dropped its price target to $4.50. On April 23, 2024, downgrade downgraded it’s rating to Sector Weight. Wells Fargo downgraded its rating to a Equal Weight and decreased its price target to $6 on April 19, 2024. Janney upgraded its rating to a Buy but $12 remained the price target by the analyst firm on March 22, 2024. Morgan Stanley downgraded its rating to Equal-Weight for this stock on March 04, 2024, and downed its price target to $14. In a note dated February 27, 2024, Janney downgraded an Neutral rating on this stock.
Sunnova Energy International Inc [NOVA] stock has fluctuated between $3.37 and $16.35 over the past year. Currently, Wall Street analysts expect the stock to reach $21.18 within the next 12 months. Sunnova Energy International Inc [NYSE: NOVA] shares were valued at $5.73 at the most recent close of the market. An investor can expect a potential return of 269.63% based on the average NOVA price forecast.
Analyzing the NOVA fundamentals
Sunnova Energy International Inc [NYSE:NOVA] reported sales of 809.98M for the trailing twelve months, which represents a growth of 18.60%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at -0.33%, Pretax Profit Margin comes in at -0.88%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.25 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.63.
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 5.51 points at the first support level, and at 5.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.09, and for the 2nd resistance point, it is at 6.46.
Ratios To Look Out For
For context, Sunnova Energy International Inc’s Current Ratio is 0.86. On the other hand, the Quick Ratio is 0.73, and the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.83, the price to book ratio is 0.40.
Transactions by insiders
Recent insider trading involved Berger William J,, that happened on Aug 23 ’24 when 77000.0 shares were sold. Officer, Berger William J completed a deal on Aug 23 ’24 to buy 77000.0 shares. Meanwhile, Berger William J sold 48413.0 shares on Jul 30 ’24.
