Sunnova Energy International Inc (NYSE: NOVA) is -26.95% lower on its value in year-to-date trading and has touched a low of $3.37 and a high of $16.35 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NOVA stock was last observed hovering at around $11.56 in the last trading session, with the day’s loss setting it -0.42%.
Currently trading at $11.14, the stock is 18.65% and 41.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.4 million and changing -3.63% at the moment leaves the stock 39.67% off its SMA200. NOVA registered -20.94% loss for a year compared to 6-month gain of 77.11%.
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The stock witnessed a 53.66% loss in the last 1 month and extending the period to 3 months gives it a 98.22%, and is 3.72% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.79% over the week and 8.42% over the month.
Sunnova Energy International Inc (NOVA) has around 2047 employees, a market worth around $1.39B and $773.08M in sales. Profit margin for the company is -45.76%. Distance from 52-week low is 230.56% and -31.89% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.76%).
Sunnova Energy International Inc quarterly earnings per share for the current quarter are estimated at -0.43 with sales reaching $240.89M over the same period.The EPS is expected to grow by 32.74% this year, but quarterly earnings will post 19.20% year-over-year. Quarterly sales are estimated to grow 18.70% in year-over-year returns.
322.0 institutions hold shares in Sunnova Energy International Inc (NOVA), with institutional investors hold 128.21% of the company’s shares. The shares outstanding are 122.47M, and float is at 102.44M with Short Float at 34.75%. Institutions hold 125.21% of the Float.
The top institutional shareholder in the company is BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. with over 14.14 million shares valued at $78.92 million. The investor’s holdings represent 11.5078 of the NOVA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 13.24 million shares valued at $73.9 million to account for 10.7769 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 10.78 million shares representing 8.7707 and valued at over $60.14 million, while ECP CONTROLCO, LLC holds 5.6241 of the shares totaling 6.91 million with a market value of $38.57 million.
Sunnova Energy International Inc (NOVA) Insider Activity
The most recent transaction is an insider sale by Berger William J, the company’s. SEC filings show that Berger William J sold 77,000 shares of the company’s common stock on Aug 23 ’24 at a price of $11.31 per share for a total of $0.87 million. Following the sale, the insider now owns 0.41 million shares.
Still, SEC filings show that on Jul 30 ’24, Berger William J () disposed off 48,413 shares at an average price of $7.05 for $0.34 million. The insider now directly holds 486,045 shares of Sunnova Energy International Inc (NOVA).
