NeoVolta (NASDAQ:NEOV – Get Free Report) is one of 49 publicly-traded companies in the “Miscellaneous electrical machinery, equipment, & supplies” industry, but how does it weigh in compared to its rivals? We will compare NeoVolta to related businesses based on the strength of its dividends, valuation, institutional ownership, analyst recommendations, earnings, risk and profitability.
Analyst Recommendations
This is a summary of current ratings and target prices for NeoVolta and its rivals, as reported by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| NeoVolta | 0 | 0 | 1 | 0 | 3.00 |
| NeoVolta Competitors | 96 | 349 | 804 | 52 | 2.62 |
NeoVolta presently has a consensus price target of $5.00, indicating a potential upside of 122.22%. As a group, “Miscellaneous electrical machinery, equipment, & supplies” companies have a potential upside of 63.86%. Given NeoVolta’s stronger consensus rating and higher possible upside, research analysts clearly believe NeoVolta is more favorable than its rivals.
Profitability
| Net Margins | Return on Equity | Return on Assets | |
| NeoVolta | -76.42% | -37.98% | -37.28% |
| NeoVolta Competitors | -258.96% | -34.98% | -18.51% |
Volatility & Risk
NeoVolta has a beta of -1.13, meaning that its stock price is 213% less volatile than the S&P 500. Comparatively, NeoVolta’s rivals have a beta of 0.57, meaning that their average stock price is 43% less volatile than the S&P 500.
Institutional and Insider Ownership
4.3% of NeoVolta shares are owned by institutional investors. Comparatively, 37.3% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are owned by institutional investors. 18.4% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Earnings and Valuation
This table compares NeoVolta and its rivals top-line revenue, earnings per share and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| NeoVolta | $3.46 million | -$2.64 million | -28.13 |
| NeoVolta Competitors | $586.57 million | -$3.20 million | -1.96 |
NeoVolta’s rivals have higher revenue, but lower earnings than NeoVolta. NeoVolta is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
Summary
NeoVolta rivals beat NeoVolta on 8 of the 13 factors compared.
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. NeoVolta Inc. was formed in 2018 and is headquartered in Poway, California.
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