Aeva Technologies Inc. (NYSE:AEVA) price closed lower on Monday, September 13, dropping -3.52% below its previous close.
A look at the daily price movement shows that the last close reads $9.93, with intraday deals fluctuated between $9.57 and $10.04. Taking into account the 52-week price action we note that the stock hit a 52-week high of $21.83 and 52-week low of $7.05. The stock added 6.68% on its value in the past month.
Aeva Technologies Inc., which has a market valuation of $2.00 billion, is expected to release its quarterly earnings report Nov 11, 2021 – Nov 15, 2021. Analysts tracking AEVA have forecast the quarterly EPS to shrink by -0.11 per share this quarter, while the same analysts predict the annual EPS to hit -$0.42 for the year 2021 and up to -$0.41 for 2022.
On average, analysts have forecast the company’s revenue for the quarter will hit $2.99 million, with the likely lows of $2.86 million and highs of $3.1 million. Staying with the analyst view, there is a consensus estimate of $10.46 million for the company’s annual revenue in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give AEVA a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 7 analysts have assigned AEVA a recommendation rating as follows: 1 rate it as a Hold; 5 advise Buy while 1 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Aeva Technologies Inc. (AEVA) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that AEVA’s price is at present 3.15% off the SMA20 and 1.56% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 50.30, with weekly volatility standing at 4.90%. The indicator jumps to 5.73% when calculated based on the past 30 days. Aeva Technologies Inc. (NYSE:AEVA)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.52. Considering analysts have assigned the stock a price target range of $11.00-$30.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $18.71. Based on this estimate, we see that current price is roughly -14.82% off the estimated low and -213.15% off the forecast high. Investors will no doubt be excited to see the share price fall to $20.00, which is the median consensus price, and at that level AEVA would be -108.77% from current price.
An analysis of the Aeva Technologies Inc. (NYSE:AEVA) stock in terms of its daily trading volume indicates that the 3-month average is 1.49 million.
Current records show that the company has 211.55M in outstanding shares. The insiders’ percentage holdings are 32.70% of outstanding shares while the percentage share held by institutions stands at 35.80%. But the -34.11% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.