Sunnova Energy International Inc [NYSE: NOVA] stock went on an upward path that rose over 5.33% on Monday, amounting to a one-week price increase of more than 6.27%.
Over the last 12 months, NOVA stock dropped by -64.97%. The one-year Sunnova Energy International Inc stock forecast points to a potential upside of 42.76. The average equity rating for NOVA stock is currently 1.78, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $735.20 million, with 122.47 million shares outstanding and 101.51 million shares in the current float. Compared to the average trading volume of 7.66M shares, NOVA stock reached a trading volume of 5309986 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Sunnova Energy International Inc [NOVA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NOVA shares is $10.36 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NOVA stock is a recommendation set at 1.78. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for Sunnova Energy International Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 21, 2024. The new note on the price target was released on April 23, 2024, representing the official price target for Sunnova Energy International Inc stock. Previously, the target price had yet another drop from $11 to $6, while Wells Fargo kept a Equal Weight rating on NOVA stock.
The Average True Range (ATR) for Sunnova Energy International Inc is set at 0.55, with the Price to Sales ratio for NOVA stock in the period of the last 12 months amounting to 1.02. The Price to Book ratio for the last quarter was 0.46, with the Price to Cash per share for the same quarter was set at 2.10.
NOVA Stock Performance Analysis:
Sunnova Energy International Inc [NOVA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.27. With this latest performance, NOVA shares gained by 5.52% in over the last four-week period, additionally sinking by -56.33% over the last 6 months – not to mention a drop of -64.97% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NOVA stock in for the last two-week period is set at 56.61, with the RSI for the last a single of trading hit 57.67, and the three-weeks RSI is set at 55.30 for Sunnova Energy International Inc [NOVA]. The present Moving Average for the last 50 days of trading for this stock 4.93, while it was recorded at 5.50 for the last single week of trading, and 8.27 for the last 200 days.
Insight into Sunnova Energy International Inc Fundamentals:
Sunnova Energy International Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.62 and a Current Ratio set at 0.74.
NOVA Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NOVA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sunnova Energy International Inc go to -14.00%.
Sunnova Energy International Inc [NOVA] Institutonal Ownership Details
The top three institutional holders of NOVA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in NOVA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in NOVA stock with ownership which is approximately 5.1238%.
