NeoVolta (NASDAQ:NEOV – Get Free Report) announced its quarterly earnings results on Friday. The company reported ($0.03) earnings per share (EPS) for the quarter, Zacks reports. NeoVolta had a negative net margin of 114.93% and a negative return on equity of 58.84%.
NeoVolta Trading Down 0.6 %
NASDAQ NEOV traded down $0.02 during trading hours on Friday, hitting $3.26. 272,018 shares of the company’s stock traded hands, compared to its average volume of 292,315. NeoVolta has a 52 week low of $0.63 and a 52 week high of $6.11. The firm has a market capitalization of $108.75 million, a P/E ratio of -36.22 and a beta of -1.44. The business’s fifty day moving average price is $4.48 and its two-hundred day moving average price is $3.75.
Analysts Set New Price Targets
Separately, Maxim Group lifted their price objective on 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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