NeoVolta (NEOV) & The Competition Financial Survey

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

Volatility and Risk

NeoVolta has a beta of -0.71, indicating that its share price is 171% less volatile than the S&P 500. Comparatively, NeoVolta’s competitors have a beta of -20.13, indicating that their average share price is 2,113% less volatile than the S&P 500.

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	-161.10%	-124.51%	-87.64%
NeoVolta Competitors	-372.62%	-44.70%	-7.06%

Insider and Institutional Ownership

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

Earnings & Valuation

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

	Gross Revenue	Net Income	Price/Earnings Ratio
NeoVolta	$13.33 million	-$21.47 million	-5.63
NeoVolta Competitors	$2.47 billion	$148.77 million	20.51

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.

Analyst Recommendations

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

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
NeoVolta	1	1	4	0	2.50
NeoVolta Competitors	2312	5196	7247	440	2.38

NeoVolta presently has a consensus target price of $9.50, suggesting a potential upside of 224.23%. As a group, “Electrical Equipment” companies have a potential upside of 44.07%. Given NeoVolta’s stronger consensus rating and higher possible upside, research analysts clearly believe NeoVolta is more favorable than its competitors.

Summary

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

NeoVolta Company Profile

NeoVolta, Inc. is a clean-energy technology company that develops and supplies battery-based energy storage systems. Its products are designed to store electricity generated by solar panels or drawn from the electric grid, helping residential customers use more of their own solar power, manage electricity consumption and maintain backup power during outages. The company’s product portfolio includes modular residential energy storage systems, battery units and related power-management equipment. NeoVolta’s systems are intended to be installed alongside new or existing solar photovoltaic systems and can be expanded to provide additional storage capacity as a customer’s energy needs change.