Sovran Advisors LLC purchased a new position in shares of NeoVolta Inc. (NASDAQ:NEOV - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 122,000 shares of the company's stock, valued at approximately $636,000. Sovran Advisors LLC owned 0.37% of NeoVolta as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. Barclays PLC purchased a new stake in NeoVolta during the 3rd quarter worth $35,000. Geode Capital Management LLC boosted 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 worth $947,000 after buying an additional 15,427 shares during the period. Legacy Investment Solutions LLC acquired a new stake in shares of NeoVolta in the third quarter valued at about $10,768,000. Finally, Centennial Wealth Advisory LLC purchased a new stake in shares of NeoVolta during the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 5.11% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Maxim Group boosted their target price on shares of NeoVolta from $4.75 to $7.50 and gave the stock a "buy" rating in a research report on Wednesday, November 13th.
Check Out Our Latest Analysis on NEOV
NeoVolta Stock Performance
Shares of NEOV stock traded up $0.28 during trading hours on Friday, hitting $3.33. 411,444 shares of the company were exchanged, compared to its average volume of 266,340. The stock has a market capitalization of $111.09 million, a price-to-earnings ratio of -37.00 and a beta of -1.44. NeoVolta Inc. has a one year low of $0.63 and a one year high of $6.11. The business's 50-day simple moving average is $4.26 and its two-hundred day simple moving average is $3.77.
NeoVolta (NASDAQ:NEOV - Get Free Report) last issued 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 58.84% and a negative net margin of 114.93%.
About NeoVolta
(
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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