NeoVolta Inc (NASDAQ: NEOV) is -19.96% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NEOV stock was last observed hovering at around $4.46 in the last trading session, with the day’s loss setting it -0.29%.
Currently trading at $4.17, the stock is -13.37% and -14.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.26 million and changing -6.50% at the moment leaves the stock 28.06% off its SMA200. NEOV registered 172.55% gain for a year compared to 6-month gain of 74.48%. The firm has a 50-day simple moving average (SMA 50) of $4.8992 and a 200-day simple moving average (SMA200) of $3.2563.
The stock witnessed a -17.91% loss in the last 1 month and extending the period to 3 months gives it a 44.29%, and is -8.55% 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 10.66% over the week and 10.04% over the month.
NeoVolta Inc (NEOV) has around 10 employees, a market worth around $139.12M and $2.47M in sales. Fwd P/E is 417.00. Profit margin for the company is -114.89%. Distance from 52-week low is 565.60% and -31.74% 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.
NeoVolta Inc (NEOV) Top Institutional Holders
17.0 institutions hold shares in NeoVolta Inc (NEOV), with institutional investors hold 17.86% of the company’s shares. The shares outstanding are 33.25M, and float is at 28.31M with Short Float at 3.10%. 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.
NeoVolta Inc (NEOV) Insider Activity
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