NeoVolta (NASDAQ:NEOV – Get Free Report) issued its quarterly earnings results on Friday. The company reported ($0.03) earnings per share (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 Trading Down 0.6 %
Shares of NASDAQ NEOV traded down $0.02 during midday trading on Friday, hitting $3.26. The company’s stock had a trading volume of 272,018 shares, compared to its average volume of 292,315. The business’s 50 day moving average is $4.48 and its two-hundred day moving average is $3.75. NeoVolta has a 12-month low of $0.63 and a 12-month high of $6.11. The firm has a market cap of $108.75 million, a P/E ratio of -36.22 and a beta of -1.44.
Analyst Ratings Changes
Separately, Maxim Group raised their target price on shares of NeoVolta from $4.75 to $7.50 and gave the stock a “buy” rating in a report on Wednesday, November 13th.
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.
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