Look Past The Setbacks And Give NeoVolta Inc (NASDAQ: NEOV) Another Chance

NeoVolta Inc (NASDAQ:NEOV) currently has a daily average trading volume of 248.29K but it saw 234979 shares traded in last market. With a market cap of 159.47M USD, the company’s current market price of $4.78 came rising about 4.37 while comparing to the previous closing price of $4.58. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.11 and as low as $0.63. In the recent trading on the day, stock has struck highest price mark of $4.235 while lowest mark touched by it was $4.83.

Taking a look at 20-day trading activity of NeoVolta Inc (NEOV) gives us an average price of $4.97, while its current price level is -21.76% below from 52-week high level whereas it is 662.97% 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 $4.78 while that of 200 days or SMA-200 reads an average of $3.16. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.66% during that period while stretching the period over a month that decreases to 9.79%. 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 47.34 which implies that the stock is in neutral territory.

Over the week, NEOV’s stock price is moving -8.25% down while it is -8.08% when we observe its performance for the past one month. Year-to-date it is -8.25% down and over the past year, the stock is showing an upside performance of 212.42%.

Currently, NeoVolta Inc’s total number of outstanding shares is 33.25M. Company’s return on investment (ROI) stands at -72.87% and return on equity (ROE) at -56.68%. It has a 478.00 of forward P/E ratio. Stock’s beta reads -0.38. Stock has a price to book (P/B) ratio of 40.78 while price to sale or P/S ratio amounts to 64.56. Its return on asset (ROA) is -55.01% on average.