NeoVolta (NASDAQ:NEOV) Trading 7.7% Higher

Shares of NeoVolta Inc. (NASDAQ:NEOVGet Free Report) traded up 7.7% during mid-day trading on Tuesday . The company traded as high as $0.83 and last traded at $0.82. 84,989 shares traded hands during trading, an increase of 80% from the average session volume of 47,116 shares. The stock had previously closed at $0.76.

NeoVolta Stock Performance

The stock has a 50 day moving average price of $1.39 and a 200 day moving average price of $1.88. The company has a market cap of $27.25 million, a P/E ratio of -13.67 and a beta of -1.24.

NeoVolta (NASDAQ:NEOVGet Free Report) last announced its earnings results on Friday, February 9th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $1.02 million for the quarter. NeoVolta had a negative return on equity of 31.11% and a negative net margin of 61.89%.

Institutional Investors Weigh In On NeoVolta

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp acquired a new position in NeoVolta during the first quarter valued at $44,000. Jane Street Group LLC acquired a new position in NeoVolta during the third quarter valued at $92,000. MML Investors Services LLC raised its position in NeoVolta by 70.8% during the first quarter. MML Investors Services LLC now owns 19,920 shares of the company’s stock valued at $51,000 after buying an additional 8,260 shares during the period. CI Private Wealth LLC acquired a new position in NeoVolta during the fourth quarter valued at $56,000. Finally, Northern Trust Corp raised its position in NeoVolta by 81.3% during the fourth quarter. Northern Trust Corp now owns 95,187 shares of the company’s stock valued at $152,000 after buying an additional 42,688 shares during the period. 4.25% of the stock is owned by institutional investors and hedge funds.

About NeoVolta

(Get Free Report)

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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