Shares of NeoVolta Inc. (NASDAQ:NEOV - Get Free Report) traded down 4.8% on Monday . The company traded as low as $5.02 and last traded at $5.19. 162,624 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 149,840 shares. The stock had previously closed at $5.45.
Analyst Ratings Changes
Separately, Maxim Group upped their price objective on shares of NeoVolta from $4.75 to $7.50 and gave the company a "buy" rating in a report on Wednesday, November 13th.
View Our Latest Stock Report on NeoVolta
NeoVolta Trading Up 0.4 %
The business has a 50-day moving average of $4.58 and a 200 day moving average of $3.45. The firm has a market capitalization of $173.82 million, a PE ratio of -57.89 and a beta of -1.42.
NeoVolta (NASDAQ:NEOV - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The company reported ($0.03) earnings per share (EPS) for the quarter. NeoVolta had a negative return on equity of 58.84% and a negative net margin of 114.93%. The firm had revenue of $0.59 million during the quarter.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Centennial Wealth Advisory LLC purchased a new stake in NeoVolta in the 3rd quarter worth about $31,000. Barclays PLC purchased a new position in shares of NeoVolta in the third quarter worth about $35,000. Geode Capital Management LLC raised its position in shares of 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 period. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of NeoVolta during the 3rd quarter valued at approximately $10,768,000. 5.11% of the stock is owned by institutional investors.
NeoVolta Company Profile
(
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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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