11,475 Shares in NeoVolta Inc. (NASDAQ:NEOV) Acquired by Barclays PLC

Barclays PLC acquired a new position in NeoVolta Inc. (NASDAQ:NEOV) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,475 shares of the company’s stock, valued at approximately $35,000.

Separately, Legacy Investment Solutions LLC bought a new position in NeoVolta in the third quarter worth approximately $10,768,000. Institutional investors own 5.11% of the company’s stock.

NeoVolta Trading Down 4.6 %

Shares of NASDAQ NEOV opened at $4.56 on Friday. NeoVolta Inc. has a 12-month low of $0.63 and a 12-month high of $6.11. The stock’s fifty day simple moving average is $4.92 and its two-hundred day simple moving average is $3.57. The stock has a market capitalization of $152.13 million, a PE ratio of -50.67 and a beta of -1.37.

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

Analysts Set New Price Targets

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

NeoVolta 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.