Maxim Group Issues Positive Forecast for NeoVolta (NASDAQ:NEOV) Stock Price

NeoVolta (NASDAQ:NEOV) had its price objective upped by Maxim Group from $4.75 to $7.50 in a research note released on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

NeoVolta Trading Down 4.1 %

NEOV opened at $5.11 on Wednesday. The stock’s fifty day simple moving average is $3.33 and its 200 day simple moving average is $2.89. NeoVolta has a 1-year low of $0.63 and a 1-year high of $6.11. The stock has a market cap of $170.47 million, a PE ratio of -56.78 and a beta of -1.99.

NeoVolta (NASDAQ:NEOV) last issued its quarterly earnings data on Friday, November 8th. The company reported ($0.03) EPS for the quarter. NeoVolta had a negative net margin of 114.93% and a negative return on equity of 58.84%. The firm had revenue of $0.59 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in NeoVolta stock. Centennial Wealth Advisory LLC acquired a new stake in NeoVolta Inc. (NASDAQ:NEOV) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,100 shares of the company’s stock, valued at approximately $31,000. 5.11% of the stock is owned by institutional investors and hedge funds.

About NeoVolta

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.