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Sunnova Energy International Inc: Analyzing NOVA Stock Trends

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 $3.37 on 05/01/24.

52-week price history of NOVA Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Sunnova Energy International Inc’s current trading price is -76.32% away from its 52-week high, while its distance from the 52-week low is 72.55%. The stock’s price range for this period has remained between $3.37 and $24.56. The Technology sector company’s shares managed to surpass a trading volume of around 2.94 million for the day, which was noticeably lower compared to the shares’ average daily volume of 8.38 million over the last three months.

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Financial Performance and Market Capitalization

Sunnova Energy International Inc (NOVA) has experienced a quarterly rise of 0.43% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 720.94M and boasts a workforce of 2047 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 5.92, with a change in price of -5.07. Similarly, Sunnova Energy International Inc recorded 9,201,480 in trading volume during the last 100 days, posting a change of -46.38%.

NOVA Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for NOVA stands at 4.85. Similarly, the long-term debt-to-equity ratio is also 4.54.

NOVA Stock Stochastic Average

As of today, the raw stochastic average of Sunnova Energy International Inc over the past 50 days is 83.11%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 77.46%. Additionally, the Stochastic %K and %D values for the company were 78.87% and 72.95%, respectively, over the past 20 days.

NOVA Stock Price Performance Analysis

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Until today this year the stock’s price performance recorded a decrease of -61.87%. However, over the last six months, the performance has been stronger by -58.96%. The price of NOVA increased 33.37% over the last 30 days. And in the last five days, it has surged by 9.10%.

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