Aeva Technologies Inc (NASDAQ:AEVA) shares, rose in value on Thursday, May 08, with the stock price up by 12.35% to the previous day’s close as strong demand from buyers drove the stock to $10.19.
Actively observing the price movement in the last trading, the stock closed the session at $9.07. Referring to stock’s 52-week performance, its high was $9.52, and the low was $2.20. On the whole, AEVA has fluctuated by 72.42% over the past month.
With the market capitalization of Aeva Technologies Inc currently standing at about $557.53 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AEVA’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of AEVA currently trading nearly 34.94% and 76.79% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 75.38, while the 7-day volatility ratio is showing 13.46% which for the 30-day chart, stands at 11.51%. Furthermore, Aeva Technologies Inc (AEVA)’s average true range (ATR) is 0.80.
A comparison of Aeva Technologies Inc (AEVA) with its peers suggests the former has fared considerably weaker in the market. AEVA showed an intraday change of 12.35% in last session, and over the past year, it grew by 196.22%%.
Data on historical trading for Aeva Technologies Inc (NASDAQ:AEVA) indicates that the trading volumes over the past 3 months, they’ve averaged 1.09 million. According to company’s latest data on outstanding shares, there are 54.14 million shares outstanding.
Nearly 44.80% of Aeva Technologies Inc’s shares belong to company insiders and institutional investors own 70.40% of the company’s shares. The stock has risen by 114.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AEVA stock heading into the next quarter.
