Aeva Technologies Inc. (NYSE: AEVA) Investing Potential Is $4.10 – Marketing Sentinel
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Aeva Technologies Inc. (NYSE: AEVA) Investing Potential Is $4.10

During the last session, Aeva Technologies Inc. (NYSE:AEVA)’s traded shares were 1.6 million. At the end of the trading day, the stock’s price was $4.10, reflecting an intraday loss of -5.09% or -$0.22. The 52-week high for the AEVA share is $10.75, that puts it down -162.2 from that peak though still a striking 40.0% gain since the share price plummeted to a 52-week low of $2.46. The company’s market capitalization is $820.57M, and the average intraday trading volume over the past 10 days was 1.46 million shares, and the average trade volume was 1.19 million shares over the past three months.

Aeva Technologies Inc. (NYSE:AEVA) trade information

Aeva Technologies Inc. (AEVA) registered a -5.09% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -5.09% in intraday trading to $4.10 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 18.50%, and it has moved by 21.66% in 30 days. Based on these gigs, the overall price performance for the year is -51.99%. The short interest in Aeva Technologies Inc. (NYSE:AEVA) is 7.27 million shares and it means that shorts have 6.1 day(s) to cover.

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The consensus price target of analysts on Wall Street is $9.71, which implies an increase of 57.78% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.00 and $20.00 respectively. As a result, AEVA is trading at a discount of -387.8% off the target high and 26.83% off the low.

Aeva Technologies Inc. (AEVA) estimates and forecasts

Statistics show that Aeva Technologies Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Aeva Technologies Inc. (AEVA) shares have gone down -22.35% during the last six months, with a year-to-date growth rate less than the industry average at -65.85% against -0.40. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -45.50% this quarter and then drop -46.20% in the quarter after that. In the rating firms’ projections, revenue will increase 11.30% compared to the previous financial year.

Revenue for the current quarter is expected to be $1.35 million as predicted by 4 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $2.61 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $2.6 million and $3.48 million respectively. In this case, analysts expect current quarter sales to shrink by -48.10% and then drop by -25.10% in the coming quarter.

While earnings are projected to return -319.40% in 2022, the next five years will return 20.00% per annum.

AEVA Dividends

Aeva Technologies Inc. is due to release its next quarterly earnings on November 10. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Aeva Technologies Inc. (NYSE:AEVA)’s Major holders

Aeva Technologies Inc. insiders own 45.98% of total outstanding shares while institutional holders control 39.09%, with the float percentage being 72.36%. Sylebra Capital Ltd is the largest shareholder of the company, while 163 institutions own stock in it. As of Mar 30, 2022, the company held over 26.83 million shares (or 12.38% of all shares), a total value of $116.17 million in shares.

The next largest institutional holding, with 18.49 million shares, is of Canaan Partners XI LLC’s that is approximately 8.53% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $80.04 million.

Also, the Mutual Funds coming in first place with the largest holdings of Aeva Technologies Inc. (AEVA) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 3.07 million shares. This amounts to just over 1.42 percent of the company’s overall shares, with a $13.28 million market value. The same data shows that the other fund manager holds slightly less at 2.98 million, or about 1.37% of the stock, which is worth about $12.88 million.

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