NeoVolta, Inc.

NeoVolta, Inc. Stock Forecast & Price Prediction

Live NeoVolta, Inc. Stock (NEOV) Price
$2.99

0

Ratings

  • Buy 0
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$2.99

P/E Ratio

P/E Ratio not available for NEOV

Volume Traded Today

$71,787

Dividend

Dividends not available for NEOV

52 Week High/low

3.87/0.63

NeoVolta, Inc. Market Cap

$97.7M

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NEOV Summary

Based on ratings from 0 stock analysts, the NeoVolta, Inc. stock price is expected to increase by 58.86% in 12 months. This is calculated by using the average 12-month stock price forecast for NeoVolta, Inc.. The lowest target is $4.75 and the highest is $4.75. Please note analyst price targets are not guaranteed and could be missed completely.

NEOV Analyst Ratings

About 0 Wall Street analysts have assigned NEOV 0 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect NeoVolta, Inc. to perform worse than the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on NEOV. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

NEOV stock forecast by analyst

These are the latest 20 analyst ratings of NEOV.

Analyst/Firm

Rating

Price Target

Change

Date

Tate Sullivan
Maxim Group

Buy

$4.75

Maintains

Oct 1, 2024
Tate Sullivan
Maxim Group

Buy

$5

Maintains

Feb 15, 2023
Tate Sullivan
Maxim Group

Buy

$10

Initiates

Oct 14, 2022

NEOV Company Information

What They Do: Designs and sells energy storage systems.

Business Model: The company generates revenue by designing, manufacturing, and selling energy storage systems directly to certified solar installers and solar equipment distributors. Their products, including the NV14, NV14-K, and NV24 systems, enable users to store and utilize energy effectively, catering to both residential and commercial markets.

Other Information: Founded in 2018 and headquartered in Poway, California, NeoVolta Inc. operates in the growing renewable energy sector, which is expected to expand as more consumers and businesses seek sustainable energy solutions.
NEOV
NeoVolta, Inc. (NEOV)

When did it IPO

2020

Staff Count

7

Country

United States

Sector/Industry

Industrials/Electrical Equipment & Parts

CEO

Colonel Brent S. Willson

Market Cap

$97.7M

NeoVolta, Inc. (NEOV) Financial Data

In 2023, NEOV generated $3.5M in revenue, which was a decrease of -22.75% from the previous year. This can be seen as a signal that NEOV's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

N/A

Revenue From 2021

$4.8M

0.00 %
From Previous Year

Revenue From 2022

$4.5M

-7.26 %
From Previous Year

Revenue From 2023

$3.5M

-22.75 %
From Previous Year
  • Revenue TTM $2.6M
  • Operating Margin TTM -126.7%
  • Gross profit TTM $510,347
  • Return on assets TTM -26.2%
  • Return on equity TTM -41.6%
  • Profit Margin -87.1%
  • Book Value Per Share 0.14%
  • Market capitalisation $97.7M
  • Revenue for 2021 $4.8M
  • Revenue for 2022 $4.5M
  • Revenue for 2023 $3.5M
  • EPS this year (TTM) $-0.07

NeoVolta, Inc. (NEOV) Latest News

News Image

Tue, 17 Sep 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - NeoVolta Inc. (NASDAQ: NEOV) partners with Barrio Eléctrico to expand residential solar and energy storage in Puerto Rico, enhancing local energy security.

Why It Matters - NeoVolta's partnership with Barrio Eléctrico signals growth potential in the energy sector, enhancing market positioning and revenue opportunities in the expanding renewable energy landscape.

News Image

Wed, 04 Sep 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - NeoVolta Inc. (NASDAQ: NEOV) has secured a $5 million line of credit from National Energy Modelers, enhancing its working capital and maintaining shareholder equity.

Why It Matters - NeoVolta's $5 million LOC enhances its financial stability and operational flexibility, potentially leading to growth opportunities and increased shareholder value.

News Image

Tue, 06 Aug 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - NeoVolta Inc. (NASDAQ: NEOV) has expanded its market reach with new approvals from EnFin solar loans and Sungage Financial, enhancing its position in the energy storage sector.

Why It Matters - NeoVolta's market expansion and new financing partnerships enhance growth potential, likely boosting revenues and investor confidence in the company's future performance.

News Image

Tue, 16 Jul 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - NeoVolta Inc. (NASDAQ: NEOV) has partnered with Store Energy California to provide free advanced battery storage systems to low-income households in California, utilizing state-funded incentives.

Why It Matters - NeoVolta's joint venture enhances market reach and social impact, potentially increasing revenue and demand for energy storage solutions, positively influencing stock performance.

News Image

Tue, 18 Jun 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - New CEO Ardes Johnson announced strategies focused on market expansion and innovation in energy storage, indicating potential growth opportunities for the company.

Why It Matters - A new CEO with a focus on market expansion and innovation in energy storage can signal growth potential, attracting investor interest and potentially increasing stock value.

News Image

Fri, 17 May 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - An industry veteran has shared insights on domestic manufacturing capabilities, highlighting trends and developments relevant to investors in manufacturing sectors.

Why It Matters - Insights on domestic manufacturing capabilities can influence supply chain stability and cost structures, impacting profitability and stock performance for companies in manufacturing sectors.

...

NEOV Frequently asked questions

The highest forecasted price for NEOV is $4.75 from Tate Sullivan at Maxim Group.

The lowest forecasted price for NEOV is $4.75 from Tate Sullivan from Maxim Group

The NEOV analyst ratings consensus are 0 buy ratings, 0 hold ratings, and 0 sell ratings.