NeoVolta Inc (NASDAQ:NEOV) does about 126.02K shares in volume on a normal day but saw 227750 shares change hands in the recent trading day. The company now has a market cap of 106.37M USD. Its current market price is $3.20, marking an increase of 11.11% compared to the previous close of $2.88. The 52 week high reached by this stock is $3.58 whilst the lowest price level in 52 weeks is $0.63.
NeoVolta Inc (NEOV) has a 20-day trading average at $2.75 and the current price is -10.61% off the 52-week high compared with 410.77% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.63 and its 200-day simple moving average is $2.04. If we look at the stock’s price movements over the week, volatility stands at 10.21%, which decreases to 9.18% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 65.28 to suggest the stock is neutral.
The consensus objective for the share price is $4.25, suggesting that the stock has a potential upside of 24.71% over the period.
The current price level is 17.46%, 21.92%, and 57.10% away from its SMA20, SMA50, and SMA200 respectively, with the NEOV price moving below the 50-day SMA on current market day. NeoVolta Inc (NEOV) stock is up 20.30% over the week and 18.96% over the past month. Its price is 100.00% year-to-date and 13.07% over the past year.
To reach the target analysts have set, the stock logically needs to grow 24.71 percent from here.
The company has a return on investment of -36.89% and return on equity of -32.08%. The beta has a value of -0.67. Price to book ratio is 20.70 and price to sales ratio is 38.12.
