NeoVolta Inc. (NASDAQ:NEOV - Get Free Report) fell 3.4% during trading on Monday . The company traded as low as $1.82 and last traded at $1.99. 121,898 shares were traded during mid-day trading, a decline of 40% from the average session volume of 204,210 shares. The stock had previously closed at $2.06.
NeoVolta Stock Up 3.3 %
The stock's fifty day simple moving average is $2.73 and its 200-day simple moving average is $3.68. The stock has a market capitalization of $72.18 million, a PE ratio of -21.60 and a beta of -0.82. The company has a current ratio of 12.03, a quick ratio of 5.94 and a debt-to-equity ratio of 0.12.
NeoVolta (NASDAQ:NEOV - Get Free Report) last announced its earnings results on Friday, February 7th. The company reported ($0.03) earnings per share for the quarter. NeoVolta had a negative return on equity of 76.86% and a negative net margin of 128.91%.
Hedge Funds Weigh In On NeoVolta
Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC bought a new stake in NeoVolta in the third quarter worth about $35,000. Geode Capital Management LLC lifted its stake in NeoVolta by 5.3% in the third quarter. Geode Capital Management LLC now owns 306,324 shares of the company's stock valued at $947,000 after purchasing an additional 15,427 shares during the last quarter. Sovran Advisors LLC bought a new position in NeoVolta during the fourth quarter valued at $636,000. Beacon Capital Management LLC purchased a new stake in NeoVolta in the fourth quarter worth $26,000. Finally, Legacy Investment Solutions LLC raised its stake in shares of NeoVolta by 1.2% in the fourth quarter. Legacy Investment Solutions LLC now owns 3,527,896 shares of the company's stock valued at $18,380,000 after buying an additional 43,102 shares during the period. Institutional investors own 5.11% of the company's stock.
About NeoVolta
(
Get Free Report)
NeoVolta Inc designs, manufactures, and sells energy storage systems in the United States. It provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors.
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