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After finishing at $4.3 in the prior trading day, Electrovaya, Inc (NASDAQ: ELVA) closed at $4.23, down -1.63%. In other words, the price has decreased by -$1.63 from its previous closing price. On the day, 0.6 million shares were traded. ELVA stock price reached its highest trading level at $4.47 during the session, while it also had its lowest trading level at $4.215.
Ratios:
Our goal is to gain a better understanding of ELVA by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.88 and its Current Ratio is at 4.03. In the meantime, Its Debt-to-Equity ratio is 0.93 whereas as Long-Term Debt/Eq ratio is at 0.91.
Upgrades & Downgrades
In the most recent recommendation for this company, Raymond James on January 23, 2025, initiated with a Strong Buy rating and assigned the stock a target price of $4.50.
On March 06, 2024, ROTH MKM started tracking the stock assigning a Buy rating and target price of $8.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ELVA now has a Market Capitalization of 192515408 and an Enterprise Value of 189177248. As of this moment, Electrovaya,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 151.61, and their Forward P/E ratio for the next fiscal year is 18.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.66 while its Price-to-Book (P/B) ratio in mrq is 7.60. Its current Enterprise Value per Revenue stands at 3.447 whereas that against EBITDA is 39.643.
Stock Price History:
The Beta on a monthly basis for ELVA is 0.83, which has changed by 0.5750916 over the last 52 weeks, in comparison to a change of 0.09654534 over the same period for the S&P500. Over the past 52 weeks, ELVA has reached a high of $7.72, while it has fallen to a 52-week low of $1.80. The 50-Day Moving Average of the stock is -30.25%, while the 200-Day Moving Average is calculated to be 2.92%.
Shares Statistics:
The stock has traded on average 582.21K shares per day over the past 3-months and 698500 shares per day over the last 10 days, according to various share statistics. A total of 40.11M shares are outstanding, with a floating share count of 31.41M. Insiders hold about 33.90% of the company’s shares, while institutions hold 12.48% stake in the company. Shares short for ELVA as of 1761868800 were 270436 with a Short Ratio of 0.46, compared to 1759190400 on 229419.
Earnings Estimates
. The current market rating for Electrovaya, Inc (ELVA) reflects the collective analysis of 4.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is $0.02, with high estimates of $0.02 and low estimates of $0.02.
Analysts are recommending an EPS of between $0.16 and $0.07 for the fiscal current year, implying an average EPS of $0.1. EPS for the following year is $0.23, with 5.0 analysts recommending between $0.35 and $0.15.
Revenue Estimates
4 analysts predict $20.25M in revenue for. The current quarter. It ranges from a high estimate of $21.8M to a low estimate of $18.3M. As of. The current estimate, Electrovaya, Inc’s year-ago sales were $11.55MFor the next quarter, 4 analysts are estimating revenue of $16.75M. There is a high estimate of $18.2M for the next quarter, whereas the lowest estimate is $15.3M.
A total of 5 analysts have provided revenue estimates for ELVA’s current fiscal year. The highest revenue estimate was $65.1M, while the lowest revenue estimate was $61.62M, resulting in an average revenue estimate of $63.61M. In the same quarter a year ago, actual revenue was $44.62MBased on 5 analysts’ estimates, the company’s revenue will be $92.26M in the next fiscal year. The high estimate is $97.1M and the low estimate is $85.42M.
