Sunnova Energy International Inc [NYSE: NOVA] loss -9.95% or -0.8 points to close at $7.24 with a heavy trading volume of 9855711 shares.
The daily chart for NOVA points out that the company has recorded -29.30% loss over the past six months.
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If we look at the average trading volume of 7.50M shares, NOVA reached to a volume of 9855711 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $10.38 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 0.66, with the Price to Sales ratio for NOVA stock in the period of the last 12 months amounting to 1.25. The Price to Book ratio for the last quarter was 0.56, with the Price to Cash per share for the same quarter was set at 2.10.
Trading performance analysis for NOVA stock
Sunnova Energy International Inc [NOVA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.49. With this latest performance, NOVA shares gained by 11.21% in over the last four-week period, additionally sinking by -29.30% over the last 6 months – not to mention a drop of -60.00% 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 55.83, with the RSI for the last a single of trading hit 52.69, and the three-weeks RSI is set at 56.57 for Sunnova Energy International Inc [NOVA]. The present Moving Average for the last 50 days of trading for this stock 5.81, while it was recorded at 7.56 for the last single week of trading, and 8.05 for the last 200 days.
Sunnova Energy International Inc [NOVA]: A deeper dive into fundamental analysis
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.
Sunnova Energy International Inc [NOVA]: An earnings per share (EPS) analysis
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%.
An analysis of Institutional ownership at Sunnova Energy International Inc [NOVA]
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%.
