Maxim Group Boosts NeoVolta (NASDAQ:NEOV) Price Target to $4.75

NeoVolta (NASDAQ:NEOV) had its target price hoisted by stock analysts at Maxim Group from $4.25 to $4.75 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Maxim Group’s price target would indicate a potential upside of 58.86% from the stock’s previous close.

NeoVolta Price Performance

Shares of NASDAQ:NEOV opened at $2.99 on Tuesday. The business’s fifty day moving average price is $2.94 and its two-hundred day moving average price is $2.52. NeoVolta has a fifty-two week low of $0.63 and a fifty-two week high of $3.87. The stock has a market capitalization of $99.38 million, a price-to-earnings ratio of -49.83 and a beta of -2.03.

NeoVolta (NASDAQ:NEOV) last posted its earnings results on Friday, September 27th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $0.58 million for the quarter. NeoVolta had a negative net margin of 68.01% and a negative return on equity of 32.41%.

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.