NeoVolta (NASDAQ:NEOV) Posts Earnings Results

by · The Cerbat Gem

NeoVolta (NASDAQ:NEOV – Get Free Report) posted its quarterly earnings data on Monday. The company reported ($0.04) EPS for the quarter, Zacks reports. NeoVolta had a negative return on equity of 144.53% and a negative net margin of 59.75%.

NeoVolta Stock Performance

Shares of NEOV stock traded down $0.04 on Monday, hitting $4.20. The company had a trading volume of 242,192 shares, compared to its average volume of 267,666. NeoVolta has a twelve month low of $1.80 and a twelve month high of $6.19. The company has a quick ratio of 1.29, a current ratio of 1.90 and a debt-to-equity ratio of 0.13. The firm has a market cap of $145.87 million, a P/E ratio of -28.00 and a beta of -0.87. The company has a 50-day moving average price of $4.63 and a 200-day moving average price of $4.02.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NeoVolta stock. Vanguard Group Inc. lifted its position in shares of NeoVolta, Inc. (NASDAQ:NEOV – Free Report) by 11.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 458,988 shares of the company’s stock after purchasing an additional 47,521 shares during the quarter. Vanguard Group Inc. owned 1.32% of NeoVolta worth $2,047,000 as of its most recent SEC filing. 5.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NeoVolta in a research report on Wednesday, October 8th. Maxim Group reaffirmed a “hold” rating on shares of NeoVolta in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $7.50.

Check Out Our Latest Stock Report on NEOV

NeoVolta Company Profile

(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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