NeoVolta Inc (NASDAQ:NEOV) price on Friday, May 02, fall -3.93% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.42.
A look at the stock’s price movement, the close in the last trading session was $3.56, moving within a range at $2.81 and $3.64. The beta value (5-Year monthly) was -0.159. Turning to its 52-week performance, $6.11 and $1.80 were the 52-week high and 52-week low respectively. Overall, NEOV moved 60.56% over the past month.
NeoVolta Inc’s market cap currently stands at around $114.28 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-06.
Analysts have a consensus estimate of 800k for the company’s revenue for the quarter, with a low and high estimate of 800k and 800k respectively. The average forecast suggests up to a 181.79% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.8M, representing a 81.47% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NEOV is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 25% Buy category.
NEOV’s current price about 42.31% and 32.26% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 70.36, while 7-day volatility ratio is 19.83% and 15.17% in the 30-day chart. Further, NeoVolta Inc (NEOV) has a beta value of -0.24, and an average true range (ATR) of 0.38.
If we refocus on NeoVolta Inc (NASDAQ:NEOV), historical trading data shows that trading volumes averaged 0.32 over the past 10 days and 255.61K over the past 3 months. The company’s latest data on shares outstanding shows there are 33.42 million shares.
The 15.12% of NeoVolta Inc’s shares are in the hands of company insiders while institutional holders own 17.62% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.33 million on 2025-04-15, giving us a short ratio of 7.05. The data shows that as of 2025-04-15 short interest in NeoVolta Inc (NEOV) stood at 470.0 of shares outstanding, with shares short falling to 1.39 million registered in 2025-03-14. Current price change has pushed the stock -34.36% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NEOV stock continues to rise going into the next quarter.
