NeoVolta (NASDAQ:NEOV – Get Free Report) is one of 65 publicly-traded companies in the “Miscellaneous electrical machinery, equipment, & supplies” industry, but how does it weigh in compared to its competitors? We will compare NeoVolta to similar businesses based on the strength of its profitability, dividends, institutional ownership, risk, valuation, analyst recommendations and earnings.
Insider and Institutional Ownership
4.3% of NeoVolta shares are held by institutional investors. Comparatively, 40.4% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are held by institutional investors. 17.3% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
Volatility and 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 competitors have a beta of -4.84, meaning that their average stock price is 584% less volatile than the S&P 500.
Analyst Recommendations
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| NeoVolta | 0 | 0 | 1 | 0 | 3.00 |
| NeoVolta Competitors | 115 | 514 | 1098 | 55 | 2.61 |
NeoVolta presently has a consensus target price of $5.00, suggesting a potential upside of 142.72%. As a group, “Miscellaneous electrical machinery, equipment, & supplies” companies have a potential upside of 52.44%. Given NeoVolta’s stronger consensus rating and higher probable upside, equities research analysts plainly believe NeoVolta is more favorable than its competitors.
Earnings and Valuation
This table compares NeoVolta and its competitors gross revenue, earnings per share and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| NeoVolta | $3.46 million | -$2.64 million | -25.75 |
| NeoVolta Competitors | $654.70 million | $12.22 million | -2.05 |
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.
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 | -76.42% | -37.98% | -37.28% |
| NeoVolta Competitors | -913.61% | -24.29% | -15.64% |
Summary
NeoVolta competitors 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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