NeoVolta (NEOV)
Market Price (2/19/2026): $3.64 | Market Cap: $127.4 MilSector: Industrials | Industry: Electrical Components & Equipment
NeoVolta (NEOV)
Market Price (2/19/2026): $3.64Market Cap: $127.4 MilSector: IndustrialsIndustry: Electrical Components & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 615% | Weak multi-year price returns3Y Excs Rtn is -3.4% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -8.1 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -45% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -33% | Expensive valuation multiplesP/SPrice/Sales ratio is 7.1x | |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Sustainable Infrastructure, and Smart Grids & Grid Modernization. Themes include Battery Storage & Grid Modernization, Show more. | Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 26% | |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -42%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -42% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12% | ||
| High stock price volatilityVol 12M is 111% | ||
| Key risksNEOV key risks include [1] its history of net losses and uncertain future profitability and [2] a dependence on single-source suppliers for crucial components. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 615% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -33% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Sustainable Infrastructure, and Smart Grids & Grid Modernization. Themes include Battery Storage & Grid Modernization, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -3.4% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -8.1 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -45% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 7.1x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 26% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -42%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -42% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12% |
| High stock price volatilityVol 12M is 111% |
| Key risksNEOV key risks include [1] its history of net losses and uncertain future profitability and [2] a dependence on single-source suppliers for crucial components. |
Qualitative Assessment
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NeoVolta (NEOV) stock has lost about 15% since 10/31/2025 because of the following key factors:
1. Significant EPS Miss and Increased Net Loss in Q2 Fiscal 2026.
NeoVolta reported a Q2 FY2026 EPS of -$0.16, considerably missing the analyst consensus of -$0.04 by 300% for the quarter ended December 31, 2025, with results announced on February 17, 2026. This also coincided with a widening net loss to $5.5 million in Q2 FY2026, compared to a $1.0 million loss in the prior year's quarter.
2. Persistent Unprofitability Despite Revenue Growth.
Despite achieving strong revenue growth, with Q2 FY2026 revenue at $4.6 million, an increase of 334% year-over-year, the company continues to operate at a loss. Over the trailing 12 months, NeoVolta recorded a net loss of $5.3 million, and forecasts suggest continued unprofitability for at least the next three years, raising concerns among investors regarding the company's long-term financial viability.
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1. Significant EPS Miss and Increased Net Loss in Q2 Fiscal 2026.
NeoVolta reported a Q2 FY2026 EPS of -$0.16, considerably missing the analyst consensus of -$0.04 by 300% for the quarter ended December 31, 2025, with results announced on February 17, 2026. This also coincided with a widening net loss to $5.5 million in Q2 FY2026, compared to a $1.0 million loss in the prior year's quarter.
2. Persistent Unprofitability Despite Revenue Growth.
Despite achieving strong revenue growth, with Q2 FY2026 revenue at $4.6 million, an increase of 334% year-over-year, the company continues to operate at a loss. Over the trailing 12 months, NeoVolta recorded a net loss of $5.3 million, and forecasts suggest continued unprofitability for at least the next three years, raising concerns among investors regarding the company's long-term financial viability.
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Stock Movement Drivers
Fundamental Drivers
The -16.8% change in NEOV stock from 10/31/2025 to 2/18/2026 was primarily driven by a -60.2% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 2182026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.40 | 3.66 | -16.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8 | 18 | 114.3% |
| P/S Multiple | 17.8 | 7.1 | -60.2% |
| Shares Outstanding (Mil) | 34 | 35 | -2.5% |
| Cumulative Contribution | -16.8% |
Market Drivers
10/31/2025 to 2/18/2026| Return | Correlation | |
|---|---|---|
| NEOV | -16.8% | |
| Market (SPY) | 0.6% | 28.7% |
| Sector (XLI) | 12.9% | 28.2% |
Fundamental Drivers
The -22.8% change in NEOV stock from 7/31/2025 to 2/18/2026 was primarily driven by a -81.1% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 2182026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.74 | 3.66 | -22.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4 | 18 | 324.4% |
| P/S Multiple | 37.5 | 7.1 | -81.1% |
| Shares Outstanding (Mil) | 34 | 35 | -3.9% |
| Cumulative Contribution | -22.8% |
Market Drivers
7/31/2025 to 2/18/2026| Return | Correlation | |
|---|---|---|
| NEOV | -22.8% | |
| Market (SPY) | 8.9% | 23.1% |
| Sector (XLI) | 15.6% | 24.1% |
Fundamental Drivers
The 1.1% change in NEOV stock from 1/31/2025 to 2/18/2026 was primarily driven by a 630.9% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312025 | 2182026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.62 | 3.66 | 1.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2 | 18 | 630.9% |
| P/S Multiple | 48.7 | 7.1 | -85.4% |
| Shares Outstanding (Mil) | 33 | 35 | -5.0% |
| Cumulative Contribution | 1.1% |
Market Drivers
1/31/2025 to 2/18/2026| Return | Correlation | |
|---|---|---|
| NEOV | 1.1% | |
| Market (SPY) | 15.0% | 26.2% |
| Sector (XLI) | 27.8% | 25.9% |
Fundamental Drivers
The 65.6% change in NEOV stock from 1/31/2023 to 2/18/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312023 | 2182026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.21 | 3.66 | 65.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 18 | 0.0% |
| P/S Multiple | � | 7.1 | 0.0% |
| Shares Outstanding (Mil) | 20 | 35 | -43.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
1/31/2023 to 2/18/2026| Return | Correlation | |
|---|---|---|
| NEOV | 65.6% | |
| Market (SPY) | 75.1% | 21.0% |
| Sector (XLI) | 79.3% | 19.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NEOV Return | - | -30% | -43% | 226% | -42% | 6% | -19% |
| Peers Return | 9% | -24% | -1% | -21% | 31% | 28% | 9% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| NEOV Win Rate | - | 17% | 33% | 58% | 42% | 50% | |
| Peers Win Rate | 45% | 42% | 43% | 43% | 47% | 80% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| NEOV Max Drawdown | - | -30% | -53% | -57% | -64% | 0% | |
| Peers Max Drawdown | -29% | -51% | -48% | -51% | -39% | -4% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TSLA, ENPH, GNRC, SEDG, RUN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/18/2026 (YTD)
How Low Can It Go
| Event | NEOV | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -75.7% | -25.4% |
| % Gain to Breakeven | 312.2% | 34.1% |
| Time to Breakeven | 569 days | 464 days |
Compare to TSLA, ENPH, GNRC, SEDG, RUN
In The Past
NeoVolta's stock fell -75.7% during the 2022 Inflation Shock from a high on 9/15/2022. A -75.7% loss requires a 312.2% gain to breakeven.
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About NeoVolta (NEOV)
NeoVolta Inc. was incorporated in 2018 and is based in La Jolla, California.
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Here are 1-3 brief analogies to describe NeoVolta:NeoVolta (NEOV) is a company specializing in advanced residential energy storage systems, primarily high-capacity batteries for home solar installations.
- Like Generac, but focused solely on smart home battery systems for solar.
- The Enphase Energy of dedicated premium residential battery storage.
- A direct competitor to Tesla Powerwall, offering independent solutions for home solar energy storage.
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- NeoVolta NV Series (e.g., NV14, NV24): These are residential solar battery storage systems designed to store excess solar energy or grid power for use during peak times or power outages.
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NeoVolta (NEOV) primarily sells its home energy storage systems to other companies rather than directly to individual consumers.
Based on the company's filings with the U.S. Securities and Exchange Commission, including its latest Form 10-K, NeoVolta reported that no single customer accounted for 10% or more of its revenue during recent fiscal periods. This indicates that NeoVolta does not have individually identified "major customers" that represent a significant concentration of its sales and are therefore not specifically disclosed by name in public filings.
Its customer base primarily consists of the following types of companies:
- Certified Dealers and Installers: These are businesses, typically local or regional solar installers and integrators, that purchase NeoVolta's energy storage systems. They then resell and install these systems for their residential and commercial end-user clients. These companies are generally private entities.
- Builders: Companies involved in new home construction and residential development. These builders integrate NeoVolta's energy storage systems into new housing units. These are generally private entities or smaller regional public companies not identified as major customers of NeoVolta in its public disclosures.
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- Contemporary Amperex Technology Co. Limited (Symbol: 300750.SZ)
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Ardes Johnson, Chief Executive Officer
Ardes Johnson was appointed CEO of NeoVolta on April 29, 2024. Prior to joining NeoVolta, he served as President and General Manager at Meyer Burger Americas, where he spearheaded the company's transition to module sales in the U.S. and achieved a multi-gigawatt backlog. Notably, Johnson was the Director of Americas Sales and Marketing for Tesla's Energy Products division, playing a crucial role in the development and success of Tesla's energy storage solutions, including launching the partner channel program for PowerWall and PowerPack products. During his tenure at Tesla, he secured a significant 80 MWh storage contract with Southern California Edison. His background also includes strategic leadership roles at SolarWorld Americas and General Electric. He also held positions as VP of Strategic Initiatives at JLM Energy and VP Sales at SolarWorld. Earlier in his career, he served as a Nuclear Officer on the USS Harry S. Truman in the U.S. Navy.
Steve Bond, Chief Financial Officer
Steve Bond is the Chief Financial Officer and a Director at NeoVolta. He is also a Co-Founder of NeoVolta Inc. Before joining NeoVolta, he founded and managed his own regional CFO advisory firm for seven years, focusing on executive consulting in finance, strategy, and revenue growth. Bond has been instrumental in NeoVolta's journey, leading the company through product development, commercialization, strategic financing, and a successful IPO on NASDAQ. He holds a summa cum laude degree in finance from San Diego State University.
Michael Mendik, Chief Operating Officer
Michael Mendik was appointed Chief Operating Officer of NeoVolta on January 7, 2025. He brings over two decades of experience in international business management, strategy, and development, with a proven track record of driving profitability and growth in the renewable energy sector. Mendik previously served as Country Manager/General Manager for North America at GoodWe, where he built sales, service, and operations to achieve significant revenue growth. His career also includes roles as CEO/General Manager of C.F. Maier Composites, Inc. and Head of Solutions, Product Management & Regional Sales at Fronius USA. He holds a PhD in Natural Sciences and a Master's in Physics from the Swiss Federal Institute of Technology, Zurich, and an MBA from Robert Morris University, Pittsburgh. Mendik is credited with 14 patents for his contributions to the industry.
Brent Willson, Founder, Chairman of the Board, and Chief Technology Officer
Brent Willson is the Founder of NeoVolta, establishing the company in 2018. He currently serves as the Chairman of the Board and Chief Technology Officer, having previously held the position of CEO until April 2024. Willson is a retired Marine Corps Colonel with over 30 years of service. A notable highlight of his military career includes directing a $100 billion aviation acquisition portfolio for the Defense Department, the Joint Staff, and Congress. He holds a BSBA and two Master's degrees.
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Key Risks to NeoVolta (NEOV) Business:
- History of Net Losses and Uncertain Future Profitability: NeoVolta is a relatively new company with a history of significant net losses since its inception, including $5.0 million and $2.3 million for the years ended June 30, 2025, and 2024, respectively. There is no assurance that the company will achieve profitability in the future, making it difficult for potential investors to evaluate its business prospects.
- Dependence on Single-Source Suppliers and Supply Chain Risks: The company relies on single-source suppliers for crucial components such as batteries and inverters. Any disruption in the supply of these key materials could lead to production delays, increased costs, and negatively impact the company's financial condition and operating results.
- Highly Competitive and Evolving Industry: The energy storage industry is intensely competitive and characterized by rapid technological advancements and evolving regulatory landscapes. NeoVolta faces competition from other manufacturers, developers, and installers of energy storage systems, as well as large utilities. Failure to innovate, adapt to new technologies, or comply with changing regulations could adversely affect NeoVolta's competitive position, product marketability, and overall business.
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The increasing market dominance and comprehensive ecosystem offerings from larger, well-capitalized competitors that integrate solar, energy storage, EV charging, and smart home energy management solutions, potentially marginalizing specialized battery providers.
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NeoVolta (symbol: NEOV) operates in the energy storage market, providing solutions for both residential and commercial applications. The addressable markets for their main products and services are significant globally and within the United States.Residential Energy Storage Market
The global home energy storage systems market was valued at approximately USD 2.82 billion in 2024 and is projected to grow to approximately USD 6.89 billion by 2034, expanding at a Compound Annual Growth Rate (CAGR) of 9.35% from 2025 to 2034. Another estimate places the global residential battery energy storage market at USD 5.13 billion in 2024, projected to reach USD 27.66 billion by 2032 with a CAGR of 22.05%. For the United States specifically, the home energy storage systems market was valued at USD 0.96 billion in 2024 and is projected to reach approximately USD 2.40 billion by 2034, with a CAGR of 9.60% from 2025 to 2034. North America held approximately a 45% share of the global home energy storage systems market in 2024 and is considered the fastest-growing region in the Energy Storage Systems (ESS) market globally.Commercial and Industrial Energy Storage Market
The global commercial and industrial energy storage market was valued at approximately USD 8.2 billion in 2024 and is forecasted to reach USD 36.7 billion by 2033, growing at a CAGR of 18.2%. Another report valued the global commercial energy storage market at USD 3.25 billion in 2022, with anticipated robust growth through 2028 at a CAGR of 6.25%.AI Analysis | Feedback
NeoVolta (NEOV) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Expansion of Sales and Distribution Channels: NeoVolta is actively expanding its sales and distribution channels beyond its traditional Southern California market into broader U.S. distribution and installer networks. This strategy has already led to significant growth, with the company's CEO highlighting that demand for NeoVolta systems is scaling across the country through established installer networks.
- Launch of New Products and Expansion into Commercial & Industrial (C&I) Market: The company is broadening its product portfolio and market reach by introducing new solutions. Notably, NeoVolta unveiled a 250kW / 430kWh commercial and industrial (C&I) battery energy storage system and the NV16kW AC hybrid inverter at the RE+ 2025 event, indicating a strategic move beyond solely residential applications.
- Acquisition and Integration of New Technology (neuClick™ Platform): NeoVolta's acquisition of Neubau Energy's assets is expected to be immediately accretive to revenues and gross margins. This acquisition is crucial for launching the neuClick™ Modular Battery Platform, with shipping anticipated to commence in January 2026, further enhancing NeoVolta's product offerings and market competitiveness.
- Growing Demand for Energy Storage Solutions: The overall market for energy storage is experiencing robust growth, driven by factors such as rising utility rates, declining grid reliability, and increasing homeowner interest in reliable, American-assembled energy solutions. NeoVolta's products, which provide backup power, enable peak shaving, and support solar self-consumption, directly address these escalating market demands and benefit from favorable tax incentives.
- Expanded Financing Options for Customers: NeoVolta has attributed part of its recent growth to the introduction of expanded financing options. By making its energy storage solutions more financially accessible, the company can attract a wider customer base, thereby contributing to sustained revenue growth.
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Share Repurchases
- NeoVolta's buyback yield has been consistently negative, averaging -0.7% for fiscal years ending June 2020 to 2024, indicating net share issuance rather than repurchases.
- The buyback yield reached a 5-year low of -3.5% in June 2023.
Share Issuance
- In fiscal year 2025, NeoVolta's issued and outstanding shares increased by 888,782 to 34,124,873 shares from 33,236,091 shares in fiscal year 2024.
- As part of the Neubau Energy acquisition in October 2025, NeoVolta issued 200,000 restricted common shares at signing and may issue up to 4 million additional restricted shares based on revenue milestones through December 31, 2028.
- In December 2024, the company amended its plan to increase the number of common stock authorized for issuance by 5,000,000 shares.
Inbound Investments
- NeoVolta raised $1.07 million in a Post IPO funding round on October 22, 2021.
- In September 2024, NeoVolta secured a $5 million Line of Credit from National Energy Modelers, Inc. to enhance working capital.
- NeoVolta completed phase one of its $250 million loan application under the U.S. Department of Energy's Title 17 Loan Program in late 2024 and was approved to proceed to phase two.
Outbound Investments
- NeoVolta entered into an asset purchase agreement for strategic assets of Neubau Energy on October 1, 2025, with the acquisition expected to close by October 15, 2025.
- The initial payment for the Neubau Energy acquisition included $500,000 in cash and 200,000 restricted common shares.
- Further payments related to the Neubau acquisition may include $10 unit royalties per neuClick module for three years and up to 4 million additional restricted shares based on revenue milestones through December 31, 2028.
Capital Expenditures
- In February 2025, NeoVolta expanded into a larger facility in Poway to support increased production.
- The company is focused on establishing a manufacturing facility to produce its proprietary battery cell technology and diversify into inverter production and assembly to meet domestic content requirements.
- NeoVolta unveiled a new 250kW/430kWh Commercial & Industrial battery energy storage system and an NV16kW AC hybrid inverter at RE+ 2025, indicating investments in product development and market expansion for these new offerings.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| NeoVolta Earnings Notes | 12/16/2025 | |
| Can NeoVolta Stock Recover If Markets Fall? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to NEOV.
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| 01302026 | PAYC | Paycom Software | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -7.0% | -7.0% | -11.9% |
| 01302026 | HTZ | Hertz Global | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 2.9% | 2.9% | 0.0% |
| 01232026 | PAYX | Paychex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -11.5% | -11.5% | -13.3% |
| 01022026 | CPRT | Copart | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -0.7% | -0.7% | -2.8% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 40.57 |
| Mkt Cap | 5.3 |
| Rev LTM | 1,915 |
| Op Inc LTM | 99 |
| FCF LTM | 140 |
| FCF 3Y Avg | 201 |
| CFO LTM | 173 |
| CFO 3Y Avg | 257 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.7% |
| Rev Chg 3Y Avg | 1.9% |
| Rev Chg Q | 21.3% |
| QoQ Delta Rev Chg LTM | 5.4% |
| Op Mgn LTM | -5.2% |
| Op Mgn 3Y Avg | -9.8% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 11.0% |
| CFO/Rev 3Y Avg | 0.2% |
| FCF/Rev LTM | 6.3% |
| FCF/Rev 3Y Avg | -7.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.3 |
| P/S | 3.5 |
| P/EBIT | 11.8 |
| P/E | 14.5 |
| P/CFO | 22.9 |
| Total Yield | -3.7% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -1.8% |
| D/E | 0.2 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 7.0% |
| 3M Rtn | 5.6% |
| 6M Rtn | 23.7% |
| 12M Rtn | 37.4% |
| 3Y Rtn | 12.0% |
| 1M Excs Rtn | 7.8% |
| 3M Excs Rtn | 2.7% |
| 6M Excs Rtn | 12.3% |
| 12M Excs Rtn | 23.0% |
| 3Y Excs Rtn | -41.9% |
Price Behavior
Price Behavior
| Market Price | $3.66 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 07/28/2022 | |
| Distance from 52W High | -39.6% | |
| 50 Days | 200 Days | |
| DMA Price | $3.90 | $4.07 |
| DMA Trend | up | indeterminate |
| Distance from DMA | -6.2% | -10.1% |
| 3M | 1YR | |
| Volatility | 136.7% | 111.2% |
| Downside Capture | 407.08 | 215.70 |
| Upside Capture | 137.39 | 198.77 |
| Correlation (SPY) | 29.0% | 26.5% |
NEOV Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.24 | 3.00 | 2.16 | 1.93 | 1.36 | 1.33 |
| Up Beta | 14.33 | 11.62 | -1.34 | -0.97 | 1.00 | 1.11 |
| Down Beta | 4.65 | 3.50 | 3.88 | 4.03 | 1.53 | 1.69 |
| Up Capture | 513% | 135% | 226% | 139% | 226% | 227% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 10 | 18 | 28 | 59 | 121 | 363 |
| Down Capture | -250% | 56% | 226% | 205% | 132% | 106% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 9 | 22 | 32 | 63 | 124 | 370 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NEOV | |
|---|---|---|---|---|
| NEOV | 2.6% | 111.0% | 0.52 | - |
| Sector ETF (XLI) | 28.7% | 19.2% | 1.19 | 26.5% |
| Equity (SPY) | 13.6% | 19.4% | 0.53 | 26.9% |
| Gold (GLD) | 73.5% | 25.5% | 2.13 | 4.0% |
| Commodities (DBC) | 7.9% | 17.0% | 0.28 | 11.3% |
| Real Estate (VNQ) | 7.1% | 16.7% | 0.24 | 15.0% |
| Bitcoin (BTCUSD) | -31.1% | 44.9% | -0.69 | 26.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NEOV | |
|---|---|---|---|---|
| NEOV | -2.9% | 98.9% | 0.40 | - |
| Sector ETF (XLI) | 16.0% | 17.2% | 0.75 | 15.6% |
| Equity (SPY) | 13.5% | 17.0% | 0.63 | 16.5% |
| Gold (GLD) | 21.7% | 17.1% | 1.04 | 0.6% |
| Commodities (DBC) | 10.8% | 19.0% | 0.45 | 5.3% |
| Real Estate (VNQ) | 4.9% | 18.8% | 0.17 | 6.4% |
| Bitcoin (BTCUSD) | 8.4% | 57.2% | 0.37 | 9.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NEOV | |
|---|---|---|---|---|
| NEOV | -1.5% | 98.9% | 0.40 | - |
| Sector ETF (XLI) | 15.4% | 19.8% | 0.68 | 15.6% |
| Equity (SPY) | 15.9% | 17.9% | 0.76 | 16.5% |
| Gold (GLD) | 15.0% | 15.6% | 0.80 | 0.6% |
| Commodities (DBC) | 8.6% | 17.6% | 0.40 | 5.3% |
| Real Estate (VNQ) | 6.9% | 20.7% | 0.30 | 6.4% |
| Bitcoin (BTCUSD) | 68.0% | 66.7% | 1.07 | 9.3% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/23/2026 | 0.0% | -23.3% | |
| 10/23/2025 | 4.8% | 3.5% | 12.3% |
| SUMMARY STATS | |||
| # Positive | 2 | 1 | 1 |
| # Negative | 0 | 1 | 0 |
| Median Positive | 2.4% | 3.5% | 12.3% |
| Median Negative | -23.3% | ||
| Max Positive | 4.8% | 3.5% | 12.3% |
| Max Negative | -23.3% | ||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/13/2026 | 10-Q |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 09/29/2025 | 10-K |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/07/2025 | 10-Q |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 09/27/2024 | 10-K |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 02/09/2024 | 10-Q |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 09/22/2023 | 10-K |
| 03/31/2023 | 05/12/2023 | 10-Q |
| 12/31/2022 | 02/10/2023 | 10-Q |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 09/27/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Willson, Brent | See Footnote 2 | Sell | 10102025 | 0.01 | 500,000 | 5,000 | 35,500 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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