Sunnova Energy International Inc (NYSE:NOVA) shares, rose in value, with the stock price down by -6.36% to the previous day’s close as strong demand from buyers drove the stock to $3.68.
Actively observing the price movement in the last trading, the stock closed the session at $3.93. Referring to stock’s 52-week performance, its high was $24.56, and the low was $3.52. On the whole, NOVA has fluctuated by -33.81% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 968.93M, with a low estimate of 153M and a high estimate of 237M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 194.58M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NOVA’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of NOVA currently trading nearly -20.56% and -39.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.78, while the 7-day volatility ratio is showing 10.59% which for the 30-day chart, stands at 11.05%. Furthermore, Sunnova Energy International Inc (NOVA)’s beta value is 2.16, and its average true range (ATR) is 0.54.
A comparison of Sunnova Energy International Inc (NOVA) with its peers suggests the former has fared considerably weaker in the market. NOVA showed an intraday change of -6.36% in last session, and over the past year, it shrunk by -79.37%%.
Data on historical trading for Sunnova Energy International Inc (NYSE:NOVA) indicates that the trading volumes over the past 3 months, they’ve averaged 10.06 million. According to company’s latest data on outstanding shares, there are 122.47 million shares outstanding.
Nearly 13.51% of Sunnova Energy International Inc’s shares belong to company insiders and institutional investors own 110.90% of the company’s shares. The stock has fallen by -75.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NOVA stock heading into the next quarter.
