The closing price of Aeva Technologies Inc (NYSE: AEVA) was $4.09 for the day, down -6.19% from the previous closing price of $4.36. In other words, the price has decreased by -$0.2700 from its previous closing price. On the day, 713698 shares were traded.
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Ratios:
Our analysis of AEVA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 12.33 and its Current Ratio is at 12.46. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on July 18, 2022, Downgraded its rating to Neutral and sets its target price to $3 from $5 previously.
On April 14, 2022, Credit Suisse started tracking the stock assigning a Outperform rating and target price of $6.
On July 19, 2021, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $11.Morgan Stanley initiated its Equal-Weight rating on July 19, 2021, with a $11 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 22 ’24 when Dardashti Soroush Salehian sold 67,791 shares for $4.03 per share. The transaction valued at 273,137 led to the insider holds 4,558,701 shares of the business.
Dardashti Soroush Salehian sold 62,525 shares of AEVA for $282,676 on Mar 21 ’24. The Chief Executive Officer now owns 4,626,492 shares after completing the transaction at $4.52 per share. On Mar 20 ’24, another insider, Dardashti Soroush Salehian, who serves as the Chief Executive Officer of the company, sold 75,791 shares for $4.65 each. As a result, the insider received 352,110 and left with 4,689,017 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AEVA now has a Market Capitalization of 215.81M and an Enterprise Value of 2.14M. For the stock, the TTM Price-to-Sale (P/S) ratio is 50.08 while its Price-to-Book (P/B) ratio in mrq is 0.94. Its current Enterprise Value per Revenue stands at 0.50 whereas that against EBITDA is -0.02.
Stock Price History:
Over the past 52 weeks, AEVA has reached a high of $7.80, while it has fallen to a 52-week low of $2.33. The 50-Day Moving Average of the stock is 4.8826, while the 200-Day Moving Average is calculated to be 4.5409.
Shares Statistics:
AEVA traded an average of 351.63K shares per day over the past three months and 522.41k shares per day over the past ten days. A total of 52.39M shares are outstanding, with a floating share count of 29.92M. Insiders hold about 0.00% of the company’s shares, while institutions hold 55.95% stake in the company. Shares short for AEVA as of Feb 29, 2024 were 1.44M with a Short Ratio of 4.09, compared to 1.78M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.55% and a Short% of Float of 0.93%.
Earnings Estimates
The firm’s stock currently is rated by 3 analysts. On average, analysts expect EPS of -$0.62 for the current quarter, with a high estimate of -$0.6 and a low estimate of -$0.65, while EPS last year was -$0.8. The consensus estimate for the next quarter is -$0.62, with high estimates of -$0.6 and low estimates of -$0.65.
Analysts are recommending an EPS of between -$2.35 and -$2.7 for the fiscal current year, implying an average EPS of -$2.53. EPS for the following year is -$2.52, with 3 analysts recommending between -$2.2 and -$2.85.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $2M to a low estimate of $1.5M. As of the current estimate, Aeva Technologies Inc’s year-ago sales were $1.15M, an estimated increase of 48.10% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $1.85M, an increase of 149.00% over than the figure of $48.10% in the same quarter last year. There is a high estimate of $2M for the next quarter, whereas the lowest estimate is $1.8M.
A total of 5 analysts have provided revenue estimates for AEVA’s current fiscal year. The highest revenue estimate was $9M, while the lowest revenue estimate was $8.4M, resulting in an average revenue estimate of $8.79M. In the same quarter a year ago, actual revenue was $4.31M, up 103.80% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $37.08M in the next fiscal year. The high estimate is $80M and the low estimate is $16.5M. The average revenue growth estimate for next year is up 321.80% from the average revenue estimate for this year.
