NeoVolta Inc (NASDAQ: NEOV) is 210.00% higher on its value in year-to-date trading and has touched a low of $0.63 and a high of $6.11 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NEOV stock was last observed hovering at around $5.43 in the last trading session, with the day’s loss setting it -0.47%.
Currently trading at $4.96, the stock is 3.93% and 32.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing -8.66% at the moment leaves the stock 87.44% off its SMA200. NEOV registered 175.56% gain for a year compared to 6-month gain of 91.51%. The firm has a 50-day simple moving average (SMA 50) of $3.7052 and a 200-day simple moving average (SMA200) of $2.62937.
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The stock witnessed a 53.56% loss in the last 1 month and extending the period to 3 months gives it a 72.22%, and is -2.17% down 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 10.98% over the week and 9.86% over the month.
NeoVolta Inc (NEOV) has around 10 employees, a market worth around $165.47M and $2.47M in sales. Fwd P/E is 496.00. Profit margin for the company is -114.89%. Distance from 52-week low is 691.70% and -18.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-72.87%).
The EPS is expected to shrink by -42.86% this year
17.0 institutions hold shares in NeoVolta Inc (NEOV), with institutional investors hold 17.82% of the company’s shares. The shares outstanding are 33.24M, and float is at 28.38M with Short Float at 2.97%. Institutions hold 15.16% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 0.42 million shares valued at $1.1 million. The investor’s holdings represent 1.2591 of the NEOV Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 0.39 million shares valued at $1.02 million to account for 1.1601 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 0.29 million shares representing 0.8752 and valued at over $0.77 million, while BIP WEALTH, LLC holds 0.6024 of the shares totaling 0.2 million with a market value of $0.53 million.