NEOV Stock Summary and Trading Ideas (Neovolta | NASDAQ:NEOV)

NeoVolta Inc is engaged in designing, manufacturing and sale of high end Energy Storage System which can store and use solar energy via batteries and an inverter at a residential site. Its market place includes solar industry, installers, new construction homebuilders, home remodelers and homeowners.

Neovolta trades on the NASDAQ stock market under the symbol NEOV.

As of April 3, 2025, NEOV stock price declined to $2.02 with 190,055 million shares trading.

NEOV has a beta of 1.96, meaning it tends to be more sensitive to market movements. NEOV has a correlation of 0.06 to the broad based SPY ETF.

NEOV has a market cap of $67.50 million. This is considered a Micro Cap stock.

The top ETF exchange traded funds that NEOV belongs to (by Net Assets): VXF, IWC.

NEOV has outperformed the market in the last year with a return of +44.3%, while the SPY ETF gained +4.8%. However, in the most recent history, NEOV shares have underperformed the stock market with its stock returning -62.0% in the last 3 month period and -19.8% for the last 2 week period, while SPY has returned -7.9% and -5.1%, respectively.

NEOV support price is $1.93 and resistance is $2.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NEOV shares will trade within this expected range on the day.