Aeva Technologies Inc (NASDAQ: AEVA) Could Post Excellent Profits?

In the last trading session, 1.57 million shares of the Aeva Technologies Inc (NASDAQ:AEVA) were traded. Most recently the company’s share price was $16.05, and it changed around -$0.05 or -0.31% from the last close, which brings the market valuation of the company to $883.11M. AEVA currently trades at a discount to its 52-week high of $18.74, offering almost -16.76% off that amount. The share price’s 52-week low was $2.20, which indicates that the current value has risen by an impressive 86.29% since then.

Aeva Technologies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.40. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended AEVA as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Aeva Technologies Inc is expected to report earnings per share of -0.47 for the current quarter.

Aeva Technologies Inc (NASDAQ:AEVA) trade information

Instantly AEVA has showed a red trend with a performance of -0.31% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 18.72 on recent trading dayincreased the stock’s daily price by 14.26%. The company’s shares are currently up 237.89% year-to-date, but still down -12.96% over the last five days. On the other hand, Aeva Technologies Inc (NASDAQ:AEVA) is 114.29% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $7.11, which translates to bulls needing to decrease their stock price by -125.74% from its current value. Analyst projections state that AEVA is forecast to be at a low of $5.22 and a high of $9.

Aeva Technologies Inc (AEVA) estimates and forecasts

The year-over-year growth rate is expected to be 90.78%, up from the previous year.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 3.39M in revenue for the current quarter. 4 analysts expect Aeva Technologies Inc to make 4.24M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.01M and 2.25M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 68.65%. Forecasts for the next quarter put sales growth at 88.33%.

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 17.24% in 2025, but the outlook is positive 18.15% per year for the next five years.

AEVA Dividends

Aeva Technologies Inc’s next quarterly earnings report is expected to be released in June.

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 INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 759.24 shares worth $12.19 million, making up 1.41% of all outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held roughly 588.2 shares worth around $9.44 million, which represents about 1.09% of the total shares outstanding.

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