In today’s recent session, 1.38 million shares of the Aeva Technologies Inc (NASDAQ:AEVA) were traded. Most recently the company’s share price was $4.56, and it changed around $0.37 or 8.83% from the last close, which brings the market valuation of the company to $245.71M. AEVA at last check was trading at a discount to its 52-week high of $5.49, offering almost -20.39% off that amount. The share price’s 52-week low was $2.20, which indicates that the recent value has risen by an impressive 51.75% since then. We note from Aeva Technologies Inc’s average daily trading volume that its 10-day average is 0.93 million shares, with the 3-month average coming to 483.73K.
Aeva Technologies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended AEVA as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Aeva Technologies Inc is expected to report earnings per share of -0.49 for the current quarter.
Aeva Technologies Inc (NASDAQ:AEVA) trade information
Instantly AEVA has been showing a green trend so far today with a performance of 8.83% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.57 on recent trading dayincreased the stock’s daily price by 0.22%. The company’s shares are currently down -4.00% year-to-date, but still up 62.86% over the last five days. On the other hand, Aeva Technologies Inc (NASDAQ:AEVA) is 16.62% up in the 30-day period. We can see from the shorts that 2.72 million shares have been sold at a short interest cover period of 8.2 day(s).
The consensus price target as assigned by Wall Street analysts is $4.75, which translates to bulls needing to increase their stock price by 4.0% from its current value. Analyst projections state that AEVA is forecast to be at a low of $4.5 and a high of $5.
Aeva Technologies Inc (AEVA) estimates and forecasts
The year-over-year growth rate is expected to be 63.71%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 2.5M in revenue for the current quarter. 2 analysts expect Aeva Technologies Inc to make 2.7M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.11M and 2.01M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 18.65%. Forecasts for the next quarter put sales growth at 34.19%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -678.17%. Aeva Technologies Inc earnings are expected to increase by 19.51% in 2025, but the outlook is positive 31.75% per year for the next five years.
Aeva Technologies Inc (NASDAQ:AEVA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 37.78% of Aeva Technologies Inc shares, and 48.32% of them are in the hands of institutional investors. The stock currently has a share float of 77.65%. Aeva Technologies Inc stock is held by 116.0 institutions, with SYLEBRA CAPITAL LLC being the largest institutional investor. By 2024-06-30, it held 19.5854% of the shares, which is about 10.38 million shares worth $26.16 million.
CANAAN PARTNERS XI LLC, with 6.9762% or 3.7 million shares worth $9.32 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024. The former held 759.24 shares worth $3.4 million, making up 1.41% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 605.49 shares worth around $2.71 million, which represents about 1.12% of the total shares outstanding.
