A share price of Sunnova Energy International Inc [NOVA] is currently trading at $4.46, up 4.69%. 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 27.79% over the last week, with a monthly amount drifted -5.31%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Sunnova Energy International Inc [NYSE: NOVA] stock has seen the most recent analyst activity on December 19, 2024, when TD Cowen initiated its Hold rating and assigned the stock a price target of $5. Previously, RBC Capital Mkts downgraded its rating to Sector Perform on December 09, 2024. On November 08, 2024, downgrade downgraded it’s rating to Underperform but maintained its price target of $3.50 on the stock. Guggenheim downgraded its rating to a Neutral. Jefferies initiated its recommendation with a Buy and recommended $15 as its price target on October 10, 2024. Piper Sandler downgraded its rating to Neutral for this stock on May 21, 2024, and downed its price target to $4.50. In a note dated April 23, 2024, KeyBanc Capital Markets downgraded an Sector Weight rating on this stock.
Sunnova Energy International Inc experienced fluctuations in its stock price throughout the past year between $2.99 and $14.44. Currently, Wall Street analysts expect the stock to reach $10.22 within the next 12 months. Sunnova Energy International Inc [NYSE: NOVA] shares were valued at $4.46 at the most recent close of the market. An investor can expect a potential return of 129.15% based on the average NOVA price forecast.
Analyzing the NOVA fundamentals
Trailing Twelve Months sales for Sunnova Energy International Inc [NYSE:NOVA] were 809.98M which represents 18.60% growth. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at -0.36%, 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 4.22 points at the first support level, and at 3.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.70, and for the 2nd resistance point, it is at 4.93.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Sunnova Energy International Inc [NYSE:NOVA] is 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 0.73, the price to book ratio is 0.31.
Transactions by insiders
Recent insider trading involved ROBERTSON CORBIN J III, Director, that happened on Nov 19 ’24 when 35000.0 shares were purchased. Director, Mohamed Akbar completed a deal on Nov 19 ’24 to buy 50000.0 shares. Meanwhile, EVP, Chief Financial Officer Williams Eric Michael bought 13800.0 shares on Nov 18 ’24.
