NeoVolta (NASDAQ:NEOV) PT Raised to $4.75 at Maxim Group

NeoVolta (NASDAQ:NEOV) had its target price hoisted by analysts at Maxim Group from $4.25 to $4.75 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Maxim Group’s price objective points to a potential upside of 56.25% from the company’s previous close.

NeoVolta Price Performance

Shares of NEOV stock traded down $0.05 during mid-day trading on Tuesday, hitting $3.04. The company had a trading volume of 25,972 shares, compared to its average volume of 121,357. NeoVolta has a 52-week low of $0.63 and a 52-week high of $3.87. The stock’s 50 day moving average price is $2.92 and its 200-day moving average price is $2.50. The company has a market capitalization of $101.04 million, a P/E ratio of -50.50 and a beta of -2.03.

NeoVolta (NASDAQ:NEOV) last released its quarterly earnings results on Friday, September 27th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). The company had revenue of $0.58 million for the quarter. NeoVolta had a negative net margin of 68.01% and a negative return on equity of 32.41%.

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.