Sunnova Energy International Inc (NOVA): Uncovering A True Diamond In The Rough

Sunnova Energy International Inc (NYSE:NOVA) currently has a daily average trading volume of 9.97M but it saw 14610991 shares traded in last market. With a market cap of 452.33M USD, the company’s current market price of $3.62 came falling about -13.81 while comparing to the previous closing price of $4.20. In past 52 weeks, the stock remained buoying in the range of price level as high as $16.35 and as low as $2.99. In the recent trading on the day, stock has struck highest price mark of $3.61 while lowest mark touched by it was $4.36.

Taking a look at 20-day trading activity of Sunnova Energy International Inc (NOVA) gives us an average price of $4.60, while its current price level is -77.87% below from 52-week high level whereas it is 21.07% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.90 while that of 200 days or SMA-200 reads an average of $6.23. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.42% during that period while stretching the period over a month that increases to 11.69%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 35.67 which implies that the stock is in neutral territory.

Exane BNP Paribas downgraded its recommendation for the stock as a “Underperform” from “Neutral” on November 08, 2024 while assigning a price target of $3.50.

Over the week, NOVA’s stock price is moving -15.02% down while it is -0.82% when we observe its performance for the past one month. Year-to-date it is -76.26% down and over the past year, the stock is showing a downside performance of -72.51%.

Currently, Sunnova Energy International Inc’s total number of outstanding shares is 124.92M. Company’s return on investment (ROI) stands at -4.26% and return on equity (ROE) at -24.77%. Stock’s beta reads 2.23. Stock has a price to book (P/B) ratio of 0.25 while price to sale or P/S ratio amounts to 0.56. Its return on asset (ROA) is -3.49% on average.