The trading price of NeoVolta Inc (NASDAQ:NEOV) closed lower on Friday, January 17, and closing at $4.17, -6.50% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $4.15 and $4.75. In examining the 52-week price action we see that the stock hit a 52-week high of $6.11 and a 52-week low of $0.63. Over the past month, the stock has lost -17.91% in value.
NeoVolta Inc, whose market valuation is $139.12 million at the time of this writing, is expected to release its quarterly earnings report in February. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
Analysts have forecast the company to bring in revenue of 500k for the current quarter, with the likely lows of 500k and highs of 500k. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 4.8M.
On the technical side, indicators suggest NEOV has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that NEOV’s price is currently -13.37% off the SMA20 and -14.88% off the SMA50. The RSI metric on the 14-day chart is currently showing 41.27, and weekly volatility stands at 10.66%. When measured over the past 30 days, the indicator reaches 10.04%. NeoVolta Inc (NASDAQ:NEOV)’s beta value is currently sitting at -0.38, while the Average True Range indicator is currently displaying 0.47.
To see how NeoVolta Inc stock has been performing in comparison to its peers in the industry, here are the numbers: NEOV stock’s performance was -6.50% in the latest trading, and 172.55% in the past year.
An evaluation of the daily trading volume of NeoVolta Inc (NASDAQ:NEOV) indicates that the 3-month average is 275.94K. However, this figure has increased over the past 10 days to an average of 0.36.
Currently, records show that 33.25 million of the company’s shares remain outstanding. The insiders hold 14.93% of outstanding shares, whereas institutions hold 15.15%. The stats also highlight that short interest as of 2024-12-31, stood at 0.88 million shares, resulting in a short ratio of 3.85 at that time. From this, we can conclude that short interest is 310.00 of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 0.87 million. However, since the stock’s price has seen -19.96% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
