NeoVolta Inc (NASDAQ: NEOV) Has Grown 67.31% So Far This Year. Does That Mean Trouble Ahead?

During the last session, NeoVolta Inc (NASDAQ:NEOV)’s traded shares were 0.7 million, with the beta value of the company hitting -0.65. At the end of the trading day, the stock’s price was $3.48, reflecting an intraday gain of 14.47% or $0.44. The 52-week high for the NEOV share is $3.87, that puts it down -11.21 from that peak though still a striking 81.9% gain since the share price plummeted to a 52-week low of $0.63. The company’s market capitalization is $115.70M, and the average intraday trading volume over the past 10 days was 0.12 million shares, and the average trade volume was 129.77K shares over the past three months.

NeoVolta Inc (NASDAQ:NEOV) trade information

NeoVolta Inc (NEOV) registered a 14.47% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 14.47% in intraday trading to $3.48, hitting a weekly high. The stock’s 5-day price performance is 17.97%, and it has moved by 5.45% in 30 days. Based on these gigs, the overall price performance for the year is 67.31%. The short interest in NeoVolta Inc (NASDAQ:NEOV) is 0.54 million shares and it means that shorts have 4.28 day(s) to cover.

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NeoVolta Inc (NEOV) estimates and forecasts

In the rating firms’ projections, revenue will increase 244.00% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 800k as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 1.9M by the end of current fiscal year.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 19.09%. While earnings are projected to return 28.57% in 2024.

NEOV Dividends

NeoVolta Inc is due to release its next quarterly earnings on 2024-Sep-27. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

NeoVolta Inc (NASDAQ:NEOV)’s Major holders

NeoVolta Inc insiders own 15.01% of total outstanding shares while institutional holders control 4.78%, with the float percentage being 5.62%. BLACKROCK INC. is the largest shareholder of the company, while 18.0 institutions own stock in it. As of 2024-06-30, the company held over 0.42 million shares (or 1.2591% of all shares), a total value of $1.1 million in shares.

The next largest institutional holding, with 0.39 million shares, is of VANGUARD GROUP INC’s that is approximately 1.1601% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.02 million.