During the last session, NeoVolta Inc (NASDAQ:NEOV)’s traded shares were 0.41 million, with the beta value of the company hitting -0.43. At the end of the trading day, the stock’s price was $3.33, reflecting an intraday gain of 9.18% or $0.28. The 52-week high for the NEOV share is $6.11, that puts it down -83.48 from that peak though still a striking 81.08% gain since the share price plummeted to a 52-week low of $0.63. The company’s market capitalization is $111.28M, and the average intraday trading volume over the past 10 days was 0.25 million shares, and the average trade volume was 266.89K shares over the past three months.
NeoVolta Inc (NASDAQ:NEOV) trade information
NeoVolta Inc (NEOV) registered a 9.18% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 9.18% in intraday trading to $3.33, hitting a weekly high. The stock’s 5-day price performance is 2.15%, and it has moved by -24.32% in 30 days. Based on these gigs, the overall price performance for the year is 106.83%. The short interest in NeoVolta Inc (NASDAQ:NEOV) is 0.98 million shares and it means that shorts have 3.14 day(s) to cover.
NeoVolta Inc (NEOV) estimates and forecasts
In the rating firms’ projections, revenue will increase 81.47% 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 2.3M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 283.9k and 579.21k respectively. In this case, analysts expect current quarter sales to grow by 181.79% and then jump by 297.09% in the coming quarter.
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 -57.14% in 2025.
NEOV Dividends
NeoVolta Inc is due to release its next quarterly earnings in March. 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 15.12% of total outstanding shares while institutional holders control 16.09%, with the float percentage being 18.96%. BLACKROCK INC. is the largest shareholder of the company, while 27.0 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.
Also, the Mutual Funds coming in first place with the largest holdings of NeoVolta Inc (NEOV) shares are Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund . Data provided on Sep 30, 2024 indicates that Vanguard Extended Market Index Fund owns about 383.08 shares. This amounts to just over 1.74 percent of the company’s overall shares, with a $1.28 million market value. The same data shows that the other fund manager holds slightly less at 159.18, or about 0.72% of the stock, which is worth about $0.53 million.
