Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Sunnova Energy International Inc’s current trading price is -84.08% away from its 52-week high, while its distance from the 52-week low is 4.55%. The stock’s price range during this period has varied between $3.74 and $24.56. The company, active in the Technology sector, saw a trading volume of around 4.12 million for the day, considerably lower average daily volume of 10.06 million observed over the last three months.
Sunnova Energy International Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $24.56 on 07/18/23, and the lowest price during the same period was recorded at $3.74 on 04/19/24.
How Financial Performance Impacts Market Capitalization
Sunnova Energy International Inc (NOVA) has experienced a quarterly decline of -60.86% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 478.90M and boasts a workforce of 2047 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 9.32, with a change in price of -6.30. Similarly, Sunnova Energy International Inc recorded 8,367,623 in trading volume during the last 100 days, posting a change of -61.64%.
How NOVA’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for NOVA stands at 4.93. Similarly, the long-term debt-to-equity ratio is also 4.61.
NOVA Stock Stochastic Average
As of today, the raw stochastic average of Sunnova Energy International Inc over the past 50 days is 4.29%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 14.26%. Additionally, the Stochastic %K and %D values for the company were 7.23% and 5.46%, respectively, over the past 20 days.
NOVA Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -74.36%.However, over the last six months, we can see a stronger performance of -61.78%. Over the last 30 days, the price of NOVA has leaped by -17.86%. And in the last five days, it has fallen by -7.13%.
