NeoVolta (NASDAQ:NEOV) PT Raised to $4.75 at Maxim Group

NeoVolta (NASDAQ:NEOV) had its price objective hoisted by analysts at Maxim Group from $4.25 to $4.75 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Maxim Group’s target price would suggest a potential upside of 56.25% from the stock’s previous close.

NeoVolta Trading Down 1.6 %

Shares of NASDAQ NEOV traded down $0.05 during mid-day trading on Tuesday, reaching $3.04. The company had a trading volume of 25,972 shares, compared to its average volume of 121,357. The business’s 50-day moving average is $2.92 and its 200-day moving average is $2.50. The stock has a market cap of $101.04 million, a price-to-earnings ratio of -50.50 and a beta of -2.03. NeoVolta has a 52 week low of $0.63 and a 52 week high of $3.87.

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

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.