Sunnova Energy International Inc (NYSE:NOVA) price closed lower on Monday, May 06, dropping -2.51% below its previous close.
A look at the daily price movement shows that the last close reads $4.79. The company’s 5Y monthly beta was ticking 2.08. Taking into account the 52-week price action we note that the stock hit a 52-week high of $24.56 and 52-week low of $3.37. The stock subtracted -2.30% on its value in the past month.
Sunnova Energy International Inc, which has a market valuation of $578.99 million, is expected to release its quarterly earnings report Apr 24, 2024 – Apr 29, 2024.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give NOVA a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that NOVA’s price is at present 11.74% off the SMA20 and -8.13% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 51.13, with weekly volatility standing at 15.43%. The indicator jumps to 11.91% when calculated based on the past 30 days. Sunnova Energy International Inc (NYSE:NOVA)’s beta value is holding at 2.15, while the average true range (ATR) indicator is currently reading 0.57.
An analysis of the Sunnova Energy International Inc (NYSE:NOVA) stock in terms of its daily trading volume indicates that the 3-month average is 10.76 million.
Current records show that the company has 122.47M in outstanding shares. The insiders’ percentage holdings are 2.42% of outstanding shares while the percentage share held by institutions stands at 108.12%. But the -69.38% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
