At the time of writing, Sunnova Energy International Inc [NOVA] stock is trading at $3.65, down -2.67%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NOVA shares have gain 4.58% over the last week, with a monthly amount drifted -36.41%, 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 November 08, 2024, when Exane BNP Paribas downgraded its rating to a Underperform but kept the price target unchanged to $3.50 for it. Previously, Guggenheim downgraded its rating to Neutral on November 07, 2024. On October 10, 2024, Jefferies initiated with a Buy rating and assigned a price target of $15 on the stock. Piper Sandler downgraded its rating to a Neutral and decreased its price target to $4.50 on May 21, 2024. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Wells Fargo downgraded its rating to Equal Weight for this stock on April 19, 2024, and downed its price target to $6. In a note dated March 22, 2024, Janney upgraded an Buy rating on this stock but restated the target price of $12.
For the past year, the stock price of Sunnova Energy International Inc fluctuated between $2.99 and $16.35. Currently, Wall Street analysts expect the stock to reach $20.91 within the next 12 months. Sunnova Energy International Inc [NYSE: NOVA] shares were valued at $3.65 at the most recent close of the market. An investor can expect a potential return of 472.88% based on the average NOVA price forecast.
Analyzing the NOVA fundamentals
According to Sunnova Energy International Inc [NYSE:NOVA], the company’s sales were 809.98M for trailing twelve months, which represents an 18.60% jump. Gross Profit Margin for this corporation currently stands at 0.38% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.63.
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 3.45 points at the first support level, and at 3.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.83, and for the 2nd resistance point, it is at 4.02.
Ratios To Look Out For
It is important to note that Sunnova Energy International Inc [NYSE:NOVA] has a current ratio of 0.86. As well, the Quick Ratio is 0.73, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.52, the price to book ratio is 0.26.
Transactions by insiders
Recent insider trading involved ROBERTSON CORBIN J III, Director, that happened on Nov 12 ’24 when 85048.0 shares were purchased., Berger William J completed a deal on Aug 23 ’24 to sell 77000.0 shares. Meanwhile, Officer Berger William J bought 77000.0 shares on Aug 23 ’24.
