Sunnova Energy International Inc (NYSE:NOVA) traded at $4.34 at close of the session on Monday, April 29, made an upward move of 8.50% on its previous day’s price.
Looking at the stock we see that its previous close was $4.00. In terms of its 52-week price range, NOVA has a high of $24.56 and a low of $3.52. The company’s stock has lost about -29.20% over that past 30 days.
Sunnova Energy International Inc has a market cap of $531.56 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.73, with the EPS growth for the year raised at -$2.24 for 2024 and -$1.85 for next year. These figures represent 36.50% and 17.40% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $194.58 million, with a low of $153 million and a high of $237 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $968.93 million, or 34.50% up from figures reported last year.
On the other hand, looking at the outlook for the NOVA stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -1.62% off its SMA20 and -24.53% from its 50-day simple moving average. The RSI (14) is pointing at 45.14 while the volatility over the past week is 9.91% and jumps to 10.96% over the past one month. The beta value is 2.15, while the average true range (ATR) is currently pointing at 0.52.
Coming back to Sunnova Energy International Inc (NYSE:NOVA), we note that the average 3-month trading volume was 10.14 million. Current shares outstanding are 122.47 million.
The insiders hold 2.42% of the company’s shares while institutions hold 110.88%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -71.54% down in year-to-date price movement.
