Given A -127.27% Drop From High, Can Aeva Technologies Inc (NYSE: AEVA) Quickly Recover?

EVTL

During the last session, Aeva Technologies Inc (NYSE:AEVA)’s traded shares were 0.53 million. At the end of the trading day, the stock’s price was $3.19, reflecting an intraday gain of 1.27% or $0.04. The 52-week high for the AEVA share is $7.25, that puts it down -127.27 from that peak though still a striking 31.03% gain since the share price plummeted to a 52-week low of $2.20. The company’s market capitalization is $171.14M, and the average intraday trading volume over the past 10 days was 0.21 million shares, and the average trade volume was 297.24K shares over the past three months.

Aeva Technologies Inc (AEVA) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 1.80. AEVA has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.59.

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Aeva Technologies Inc (NYSE:AEVA) trade information

Aeva Technologies Inc (AEVA) registered a 1.27% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.27% in intraday trading to $3.19, hitting a weekly high. The stock’s 5-day price performance is 11.54%, and it has moved by 6.69% in 30 days. Based on these gigs, the overall price performance for the year is -19.75%. The short interest in Aeva Technologies Inc (NYSE:AEVA) is 2.98 million shares and it means that shorts have 11.64 day(s) to cover.

The consensus price target of analysts on Wall Street is $4.75, which implies an increase of 32.84% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.5 and $5 respectively. As a result, AEVA is trading at a discount of -56.74% off the target high and -41.07% off the low.

Aeva Technologies Inc (AEVA) estimates and forecasts

Statistics show that Aeva Technologies Inc has outperformed its competitors in share price, compared to the industry in which it operates. Aeva Technologies Inc (AEVA) shares have gone down -26.83% during the last six months, with a year-to-date growth rate more than the industry average at 9.02% against 6.60. In the rating firms’ projections, revenue will increase 105.90% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.1M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 2.72M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled nan and 1.61M respectively.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -1246.62%. While earnings are projected to return 9.31% in 2024, the next five years will return 20.00% per annum.

AEVA Dividends

Aeva Technologies Inc is due to release its next quarterly earnings on 2024-Nov-06. 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 37.43% of total outstanding shares while institutional holders control 45.32%, with the float percentage being 72.44%. CANAAN PARTNERS XI LLC is the largest shareholder of the company, while 108.0 institutions own stock in it. As of 2024-06-30, the company held over 3.7 million shares (or 7.0096% of all shares), a total value of $9.32 million in shares.

The next largest institutional holding, with 40020.0 shares, is of BBR PARTNERS, LLC’s that is approximately 0.0759% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.1 million.