State Street Corp Has $312,000 Stake in NeoVolta Inc. (NASDAQ:NEOV)

State Street Corp reduced its holdings in shares of NeoVolta Inc. (NASDAQ:NEOV) by 29.6% in the third quarter, HoldingsChannel.com reports. The fund owned 100,814 shares of the company’s stock after selling 42,400 shares during the quarter. State Street Corp’s holdings in NeoVolta were worth $312,000 at the end of the most recent quarter.

Separately, Centennial Wealth Advisory LLC acquired a new stake in NeoVolta during the third quarter worth approximately $31,000. 5.11% of the stock is currently owned by institutional investors.

NeoVolta Stock Up 6.8 %

Shares of NASDAQ NEOV opened at $5.68 on Friday. The firm has a market cap of $189.50 million, a PE ratio of -63.11 and a beta of -1.42. The company’s fifty day simple moving average is $4.77 and its 200 day simple moving average is $3.51. NeoVolta Inc. has a 12-month low of $0.63 and a 12-month high of $6.11.

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

Analyst Ratings Changes

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

About NeoVolta

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.