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

NeoVolta (NASDAQ:NEOV) had its price target increased by equities researchers at Maxim Group from $4.75 to $7.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Maxim Group’s price objective indicates a potential upside of 40.98% from the company’s current price.

NeoVolta Stock Down 0.2 %

Shares of NEOV traded down $0.01 during trading on Wednesday, reaching $5.32. 423,426 shares of the company traded hands, compared to its average volume of 135,209. The stock has a 50-day simple moving average of $3.28 and a 200-day simple moving average of $2.88. NeoVolta has a twelve month low of $0.63 and a twelve month high of $6.11. The stock has a market cap of $177.48 million, a PE ratio of -59.89 and a beta of -1.99.

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

Institutional Trading of NeoVolta

A hedge fund recently bought a new stake in NeoVolta stock. Centennial Wealth Advisory LLC acquired a new stake in NeoVolta Inc. (NASDAQ:NEOV) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,100 shares of the company’s stock, valued at approximately $31,000. 5.11% of the stock is owned by institutional investors.

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.