Sunnova Energy International Stock Probability of Future Stock Price Finishing Over 52.93
| NOVA Stock | USD 3.93 0.01 0.26% |
Closest to current price Sunnova long CALL Option Payoff at Expiration
Sunnova |
Sunnova Energy Target Price Odds to finish over 52.93
The tendency of Sunnova Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 52.93 or more in 90 days |
| 3.93 | 90 days | 52.93 | close to zero percent |
Based on a normal probability distribution, the odds of Sunnova Energy to move over $ 52.93 or more in 90 days from now is close to zero percent (This Sunnova Energy International probability density function shows the probability of Sunnova Stock to fall within a particular range of prices over 90 days) . Probability of Sunnova Energy Inter price to stay between its current price of $ 3.93 and $ 52.93 at the end of the 90-day period is about 88.0 .
Given the investment horizon of 90 days the stock has the beta coefficient of 4.43 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Sunnova Energy will likely underperform. Additionally Sunnova Energy International has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Sunnova Energy Price Density |
| Price |
Predictive Modules for Sunnova Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sunnova Energy Inter. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sunnova Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sunnova Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sunnova Energy is not an exception. The market had few large corrections towards the Sunnova Energy's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Sunnova Energy International, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sunnova Energy within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -1.5 | |
β | Beta against NYSE Composite | 4.43 | |
σ | Overall volatility | 2.80 | |
Ir | Information ratio | -0.16 |
Sunnova Energy Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Sunnova Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sunnova Energy Inter can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sunnova Energy Inter generated a negative expected return over the last 90 days | |
| Sunnova Energy Inter has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 720.65 M. Net Loss for the year was (502.43 M) with profit before overhead, payroll, taxes, and interest of 299.31 M. | |
| Sunnova Energy International currently holds about 412.58 M in cash with (237.56 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.59. | |
| Sunnova Energy Inter has a poor financial position based on the latest SEC disclosures | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from investing.com: B.Riley cuts Sunnova stock price target as investors await new strategy results |
Sunnova Energy Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Sunnova Stock often depends not only on the future outlook of the current and potential Sunnova Energy's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Sunnova Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 118.3 M | |
| Cash And Short Term Investments | 212.8 M |
Sunnova Energy Technical Analysis
Sunnova Energy's future price can be derived by breaking down and analyzing its technical indicators over time. Sunnova Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sunnova Energy International. In general, you should focus on analyzing Sunnova Stock price patterns and their correlations with different microeconomic environments and drivers.
Sunnova Energy Predictive Forecast Models
Sunnova Energy's time-series forecasting models is one of many Sunnova Energy's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Sunnova Energy's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Sunnova Energy Inter
Checking the ongoing alerts about Sunnova Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sunnova Energy Inter help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sunnova Energy Inter generated a negative expected return over the last 90 days | |
| Sunnova Energy Inter has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 720.65 M. Net Loss for the year was (502.43 M) with profit before overhead, payroll, taxes, and interest of 299.31 M. | |
| Sunnova Energy International currently holds about 412.58 M in cash with (237.56 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.59. | |
| Sunnova Energy Inter has a poor financial position based on the latest SEC disclosures | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from investing.com: B.Riley cuts Sunnova stock price target as investors await new strategy results |
Check out Sunnova Energy Backtesting, Sunnova Energy Valuation, Sunnova Energy Correlation, Sunnova Energy Hype Analysis, Sunnova Energy Volatility, Sunnova Energy History as well as Sunnova Energy Performance. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Sunnova Stock analysis
When running Sunnova Energy's price analysis, check to measure Sunnova Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sunnova Energy is operating at the current time. Most of Sunnova Energy's value examination focuses on studying past and present price action to predict the probability of Sunnova Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunnova Energy's price. Additionally, you may evaluate how the addition of Sunnova Energy to your portfolios can decrease your overall portfolio volatility.
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Is Sunnova Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sunnova Energy. If investors know Sunnova will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sunnova Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.53) | Revenue Per Share 6.089 | Quarterly Revenue Growth (0.01) | Return On Assets (0.01) | Return On Equity (0.25) |
The market value of Sunnova Energy Inter is measured differently than its book value, which is the value of Sunnova that is recorded on the company's balance sheet. Investors also form their own opinion of Sunnova Energy's value that differs from its market value or its book value, called intrinsic value, which is Sunnova Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sunnova Energy's market value can be influenced by many factors that don't directly affect Sunnova Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sunnova Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sunnova Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sunnova Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.