NeoVolta Inc (NASDAQ: NEOV): Can A Stock That’s Down -45.49% YTD Still Be Considered In Loss Territory?

During the last session, NeoVolta Inc (NASDAQ:NEOV)’s traded shares were 0.12 million, with the beta value of the company hitting -0.26. At the end of the trading day, the stock’s price was $2.84, reflecting an intraday loss of -0.35% or -$0.01. The 52-week high for the NEOV share is $6.11, that puts it down -115.14 from that peak though still a striking 36.62% gain since the share price plummeted to a 52-week low of $1.80. The company’s market capitalization is $96.92M, and the average intraday trading volume over the past 10 days was 0.13 million shares, and the average trade volume was 188.12K shares over the past three months.

NeoVolta Inc (NASDAQ:NEOV) trade information

NeoVolta Inc (NEOV) registered a -0.35% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.35% in intraday trading to $2.84, hitting a weekly high. The stock’s 5-day price performance is -1.39%, and it has moved by -8.39% in 30 days. Based on these gigs, the overall price performance for the year is -8.09%. The short interest in NeoVolta Inc (NASDAQ:NEOV) is 1.41 million shares and it means that shorts have 6.18 day(s) to cover.

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 on 2025-May-09. 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 14.80% of total outstanding shares while institutional holders control 27.82%, with the float percentage being 32.65%. BLACKROCK INC. is the largest shareholder of the company, while 33.0 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.

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