Aeva Technologies Inc Is A Buy Small Cap Stock: Analysts

Aeva Technologies Inc (NYSE:AEVA) has seen 0.14 million shares traded in the last trading session. The company, currently valued at $177.04M, closed the last trade at $3.30 per share which meant it gained $0.02 on the day or 0.61% during that session. The AEVA stock price is -119.7% off its 52-week high price of $7.25 and 33.33% above the 52-week low of $2.20. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.23 million shares traded. The 3-month trading volume is 281.20K shares.

The consensus among analysts is that Aeva Technologies Inc (AEVA) is Hold stock at the moment, with a recommendation rating of 1.80. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 4 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight.

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Aeva Technologies Inc (NYSE:AEVA) trade information

Sporting 0.61% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AEVA stock price touched $3.30 or saw a rise of 1.49%. Year-to-date, Aeva Technologies Inc shares have moved -12.89%, while the 5-day performance has seen it change 9.63%. Over the past 30 days, the shares of Aeva Technologies Inc (NYSE:AEVA) have changed 1.23%. Short interest in the company has seen 2.55 million shares shorted with days to cover at 7.4.

Wall Street analysts have a consensus price target for the stock at $4.75, which means that the shares’ value could jump 30.53% from current levels. The projected low price target is $4.5 while the price target rests at a high of $5.0. In that case, then, we find that the current price level is -51.52% off the targeted high while a plunge would see the stock gain -36.36% from current levels.

Aeva Technologies Inc (AEVA) estimates and forecasts

Figures show that Aeva Technologies Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -35.92% over the past 6 months, with this year growth rate of 9.02%, compared to 6.20% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -1246.62% over the past 5 years. Earnings growth for 2024 is a modest 9.31% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.

AEVA Dividends

Aeva Technologies Inc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 38.06% of the company shares, while shares held by institutions stand at 46.00% with a share float percentage of 74.27%. Investors are also buoyed by the number of investors in a company, with Aeva Technologies Inc having a total of 108.0 institutions that hold shares in the company. The top two institutional holders are CANAAN PARTNERS XI LLC with over 3.7 million shares worth more than $9.32 million. As of 2024-06-30, CANAAN PARTNERS XI LLC held 7.0096% of shares outstanding.

The other major institutional holder is BBR PARTNERS, LLC, with the holding of over 40020.0 shares as of 2024-06-30. The firm’s total holdings are worth over $0.1 million and represent 0.0759% of shares outstanding.