NeoVolta (NASDAQ:NEOV) Price Target Raised to $7.50 at Maxim Group

NeoVolta (NASDAQ:NEOV) had its target price upped by Maxim Group from $4.75 to $7.50 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

NeoVolta Stock Down 4.1 %

Shares of NeoVolta stock opened at $5.11 on Wednesday. NeoVolta has a 12-month low of $0.63 and a 12-month high of $6.11. The stock has a market cap of $170.47 million, a P/E ratio of -56.78 and a beta of -1.99. The business’s 50 day moving average is $3.33 and its 200-day moving average is $2.89.

NeoVolta (NASDAQ:NEOV) last announced its quarterly earnings data on Friday, November 8th. The company reported ($0.03) earnings per share (EPS) for the quarter. NeoVolta had a negative return on equity of 58.84% and a negative net margin of 114.93%. The company had revenue of $0.59 million for the quarter.

Institutional Investors Weigh In On NeoVolta

A hedge fund recently bought a new stake in NeoVolta stock. Centennial Wealth Advisory LLC purchased a new stake in NeoVolta Inc. (NASDAQ:NEOV) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,100 shares of the company’s stock, valued at approximately $31,000. 5.11% of the stock is currently owned by institutional investors.

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.