NeoVolta (NEOV) Stock Price, News & Analysis

Company Overview

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. NeoVolta Inc. was formed in 2018 and is headquartered in Poway, California.

Key Stats

• Today's Range: $5.11 to $5.42
• 50-Day Range: $2.66 to $5.39
• 52-Week Range: $0.63 to $6.11
• Volume: 215,048 shs
• Average Volume: 138,581 shs
• Market Capitalization: $177.14 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $7.50
• Consensus Rating: Buy

NeoVolta Stock Analysis - MarketRank™

NeoVolta scored higher than 43% of companies evaluated by MarketBeat, and ranked 194th out of 267 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

NeoVolta has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

NeoVolta has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of NeoVolta is -59.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of NeoVolta is -59.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

NeoVolta has a P/B Ratio of 37.93. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.22% of the float of NeoVolta has been sold short.

Short Interest Ratio / Days to Cover

NeoVolta has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in NeoVolta has recently increased by 16.73%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

NeoVolta does not currently pay a dividend.

Dividend Growth

NeoVolta does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.22% of the float of NeoVolta has been sold short.

Short Interest Ratio / Days to Cover

NeoVolta has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in NeoVolta has recently increased by 16.73%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.09

News Sentiment

NeoVolta has a news sentiment score of 0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for NeoVolta this week, compared to 0 articles on an average week.

Search Interest

1 people have searched for NEOV on MarketBeat in the last 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, NeoVolta insiders have not sold or bought any company stock.

Percentage Held by Insiders

15.20% of the stock of NeoVolta is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 5.11% of the stock of NeoVolta is held by institutions.

NEOV Stock Analysis - Frequently Asked Questions

How have NEOV shares performed this year?

NeoVolta's stock was trading at $1.60 on January 1st, 2024. Since then, NEOV shares have increased by 231.9% and is now trading at $5.31.
View the best growth stocks for 2024 here.

How were NeoVolta's earnings last quarter?

NeoVolta Inc. (NASDAQ:NEOV) released its earnings results on Friday, November, 8th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $0.59 million for the quarter. NeoVolta had a negative net margin of 114.93% and a negative trailing twelve-month return on equity of 58.84%.

When did NeoVolta IPO?

NeoVolta (NEOV) raised $4 million in an IPO on Thursday, July 28th 2022. The company issued 1,000,000 shares at a price of $4.00 per share. Maxim Group served as the underwriter for the IPO.

Who are NeoVolta's major shareholders?

Top institutional investors of NeoVolta include Legacy Investment Solutions LLC (10.45%), Geode Capital Management LLC (0.92%), State Street Corp (0.30%) and Barclays PLC (0.03%).

How do I buy shares of NeoVolta?

Shares of NEOV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of NeoVolta own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NeoVolta investors own include Palantir Technologies (PLTR), Recursion Pharmaceuticals (RXRX), BigBear.ai (BBAI), SoundHound AI (SOUN), Absci (ABSI), ADMA Biologics (ADMA) and Butterfly Network (BFLY).

Company Calendar

• Last Earnings: 11/08/2024
• Today: 11/19/2024
• Next Earnings (Estimated): 2/14/2025
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Miscellaneous electrical machinery, equipment, & supplies
• Sub-Industry: Electrical Equipment
• Current Symbol: NASDAQ:NEOV
• CUSIP: N/A
• CIK: 1748137
• Web: www.neovolta.com
• Phone: 800-364-5464
• Fax: N/A
• Employees: 5
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.50
• High Stock Price Target: $7.50
• Low Stock Price Target: $7.50
• Potential Upside/Downside: +42.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.09)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-2,300,000.00
• Net Margins: -114.93%
• Pretax Margin: -114.85%
• Return on Equity: -58.84%
• Return on Assets: -57.81%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 16.34
• Quick Ratio: 9.38

Sales & Book Value

• Annual Sales: $2.64 million
• Price / Sales: 66.72
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.14 per share
• Price / Book: 37.71

Miscellaneous

• Outstanding Shares: 33,360,000
• Free Float: 28,291,000
• Market Cap: $176.14 million
• Optionable: Not Optionable
• Beta: -1.99