State Street Corp Has $312,000 Stock Position in NeoVolta Inc. (NASDAQ:NEOV)

State Street Corp lessened its stake in shares of NeoVolta Inc. (NASDAQ:NEOV) by 29.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 100,814 shares of the company’s stock after selling 42,400 shares during the quarter. State Street Corp owned approximately 0.30% of NeoVolta worth $312,000 as of its most recent SEC filing.

Separately, Centennial Wealth Advisory LLC bought a new position in NeoVolta in the third quarter valued at about $31,000. 5.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Maxim Group upped their price objective on NeoVolta from $4.75 to $7.50 and gave the company a “buy” rating in a research note on Wednesday, November 13th.

NeoVolta Stock Up 6.8 %

Shares of NeoVolta stock opened at $5.68 on Friday. The stock has a market cap of $189.50 million, a price-to-earnings ratio of -63.11 and a beta of -1.42. NeoVolta Inc. has a twelve month low of $0.63 and a twelve month high of $6.11. The company’s fifty day moving average is $4.77 and its 200 day moving average is $3.51.

NeoVolta (NASDAQ:NEOV) last issued its quarterly 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.

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.