NeoVolta (NASDAQ:NEOV) Price Target Increased to $4.75 by Analysts at Maxim Group

NeoVolta (NASDAQ:NEOV) had its price objective hoisted by Maxim Group from $4.25 to $4.75 in a research note released on Tuesday morning, Benzinga reports. Maxim Group currently has a buy rating on the stock.

NeoVolta Price Performance

Shares of NEOV stock opened at $3.30 on Tuesday. The business has a fifty day moving average of $2.94 and a 200 day moving average of $2.52. NeoVolta has a 1 year low of $0.63 and a 1 year high of $3.87. The firm has a market capitalization of $109.68 million, a price-to-earnings ratio of -55.50 and a beta of -2.03.

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

NeoVolta Company 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.