NeoVolta Inc (NASDAQ:NEOV) does about 259.09K shares in volume on a normal day but saw 810587 shares change hands in the recent trading day. The company now has a market cap of 140.45M USD. Its current market price is $4.21, marking an increase of 2.68% compared to the previous close of $4.10. The 52 week high reached by this stock is $6.11 whilst the lowest price level in 52 weeks is $0.63.
NeoVolta Inc (NEOV) has a 20-day trading average at $4.90 and the current price is -31.09% off the 52-week high compared with 571.99% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.84 and its 200-day simple moving average is $3.21. If we look at the stock’s price movements over the week, volatility stands at 15.73%, which decreases to 10.05% 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 40.96 to suggest the stock is neutral.
The consensus objective for the share price is $7.50, suggesting that the stock has a potential upside of 43.87% over the period.
The current price level is -14.05%, -13.07%, and 31.14% away from its SMA20, SMA50, and SMA200 respectively, with the NEOV price moving above the 50-day SMA on current market day. NeoVolta Inc (NEOV) stock is down -26.01% over the week and -8.87% over the past month. Its price is -19.19% year-to-date and 175.16% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. Expected sales for next quarter are $1.3M, which analysts say will come at $4.8M for the current fiscal year and next year at $18.3M. In addition, estimates put the company’s current quarterly revenue at an average of $500k.
To reach the target analysts have set, the stock logically needs to grow 43.87 percent from here.
Outstanding shares total 33.25M with insiders holding 14.93% of the shares and institutional holders owning 15.16% of the company’s common stock. The company has a return on investment of -72.87% and return on equity of -56.68%. The forward price to earnings ratio is 421.00. The beta has a value of -0.34. Price to book ratio is 35.92 and price to sales ratio is 56.86.
