NeoVolta (NASDAQ:NEOV – Get Free Report) issued its quarterly earnings results on Friday. The company reported ($0.03) EPS for the quarter, Zacks reports. NeoVolta had a negative return on equity of 58.84% and a negative net margin of 114.93%.
NeoVolta Price Performance
NEOV traded down $0.02 during trading on Friday, hitting $3.26. 271,768 shares of the stock traded hands, compared to its average volume of 292,017. The business has a 50 day moving average price of $4.48 and a 200 day moving average price of $3.75. The company has a market cap of $108.75 million, a price-to-earnings ratio of -36.22 and a beta of -1.44. NeoVolta has a twelve month low of $0.63 and a twelve month high of $6.11.
Analyst Upgrades and Downgrades
Separately, Maxim Group increased their price objective on shares of NeoVolta from $4.75 to $7.50 and gave the stock a “buy” rating in a research note on Wednesday, November 13th.
NeoVolta Company Profile
NeoVolta Inc designs, manufactures, and sells energy storage systems in the United States. It provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors.
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