Geode Capital Management LLC lifted its stake in NeoVolta Inc. (NASDAQ:NEOV – Free Report) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 306,324 shares of the company’s stock after acquiring an additional 15,427 shares during the quarter. Geode Capital Management LLC owned approximately 0.92% of NeoVolta worth $947,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of NEOV. Centennial Wealth Advisory LLC bought a new position in NeoVolta in the third quarter valued at approximately $31,000. Barclays PLC bought a new stake in shares of NeoVolta during the 3rd quarter worth approximately $35,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of NeoVolta in the 3rd quarter valued at approximately $10,768,000. Institutional investors own 5.11% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Maxim Group boosted their target price on shares of NeoVolta from $4.75 to $7.50 and gave the stock a “buy” rating in a report on Wednesday, November 13th.
NeoVolta Stock Performance
Shares of NEOV stock opened at $4.56 on Friday. NeoVolta Inc. has a 52-week low of $0.63 and a 52-week high of $6.11. The stock has a market cap of $152.13 million, a price-to-earnings ratio of -50.67 and a beta of -1.37. The firm’s 50-day moving average is $4.92 and its 200-day moving average is $3.57.
NeoVolta (NASDAQ:NEOV – Get Free Report) last released its quarterly earnings data on Friday, November 8th. The company reported ($0.03) earnings per share (EPS) for the quarter. NeoVolta had a negative net margin of 114.93% and a negative return on equity of 58.84%. The business had revenue of $0.59 million during the quarter.
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.
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