In the last trading session, 0.12 million NeoVolta Inc (NASDAQ:NEOV) shares changed hands as the company’s beta touched -0.37. With the company’s per share price at $4.74 changed hands at $0.13 or 2.82% during last session, the market valuation stood at $161.80M. NEOV’s last price was a discount, traded about -28.9% off its 52-week high of $6.11. The share price had its 52-week low at $0.63, which suggests the last value was 86.71% up since then. When we look at NeoVolta Inc’s average trading volume, we note the 10-day average is 0.2 million shares, with the 3-month average coming to 224.95K.
NeoVolta Inc (NASDAQ:NEOV) trade information
However, in the 30-day time frame, NeoVolta Inc (NASDAQ:NEOV) is -16.38% down. Looking at the short shares, we see there were 0.87 million shares sold at short interest cover period of 2.53 days.
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NeoVolta Inc (NEOV) estimates and forecasts
Year-over-year growth is forecast to reach 81.47% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 500k. 1 analysts are of the opinion that NeoVolta Inc’s revenue for the current quarter will be 1.3M. The company’s revenue for the corresponding quarters a year ago was 1.02M and 283.9k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -50.88%. The estimates for the next quarter sales put growth at 357.91%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 19.09%. The 2024 estimates are for NeoVolta Inc earnings to decrease by -42.86%.
NEOV Dividends
NeoVolta Inc is expected to release its next quarterly earnings report in January.
NeoVolta Inc (NASDAQ:NEOV)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 14.93% of NeoVolta Inc shares while 15.16% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 17.82%. There are 15.16% institutions holding the NeoVolta Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 1.2591% of the shares, roughly 0.42 million NEOV shares worth $1.1 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 1.1601% or 0.39 million shares worth $1.02 million as of 2024-06-30.
