NeoVolta (NEOV) and The Competition Head-To-Head Analysis

NeoVolta (NASDAQ:NEOV) is one of 218 public companies in the “Electrical Equipment” industry, but how does it weigh in compared to its competitors? We will compare NeoVolta to similar businesses based on the strength of its dividends, earnings, valuation, analyst recommendations, profitability, institutional ownership and risk.

Analyst Recommendations

This is a summary of current ratings for NeoVolta and its competitors, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
NeoVolta	1	1	4	0	2.50
NeoVolta Competitors	2317	5206	7264	440	2.38

NeoVolta currently has a consensus target price of $9.50, indicating a potential upside of 234.51%. As a group, “Electrical Equipment” companies have a potential upside of 47.88%. Given NeoVolta’s stronger consensus rating and higher possible upside, analysts plainly believe NeoVolta is more favorable than its competitors.

Insider and Institutional Ownership

5.1% of NeoVolta shares are owned by institutional investors. Comparatively, 37.4% of shares of all “Electrical Equipment” companies are owned by institutional investors. 4.0% of NeoVolta shares are owned by insiders. Comparatively, 14.9% of shares of all “Electrical Equipment” companies are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Profitability

This table compares NeoVolta and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
NeoVolta	-295.67%	-125.54%	-93.72%
NeoVolta Competitors	-367.00%	-74.52%	-7.81%

Valuation & Earnings

This table compares NeoVolta and its competitors gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
NeoVolta	$13.33 million	-$21.47 million	-5.46
NeoVolta Competitors	$2.36 billion	$147.51 million	20.69

NeoVolta’s competitors have higher revenue and earnings than NeoVolta. NeoVolta is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Risk and Volatility

NeoVolta has a beta of -0.71, indicating that its stock price is 171% less volatile than the S&P 500. Comparatively, NeoVolta’s competitors have a beta of -20.38, indicating that their average stock price is 2,138% less volatile than the S&P 500.

Summary

NeoVolta competitors beat NeoVolta on 8 of the 13 factors compared.

NeoVolta Company Profile

NeoVolta Inc. develops and sells energy storage systems for residential use. Its products are designed to store electricity, including power generated by rooftop solar panels, for use when generation is limited or during a grid outage. The company’s offerings combine battery storage with power-conversion and energy-management components. NeoVolta sells its systems through a network of distributors and solar and electrical installation professionals. Based in California, NeoVolta focuses primarily on the U.S. residential market.