Aeva Technologies Inc (NASDAQ:AEVA) price on Wednesday, May 21, fall -5.08% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $14.20.
A look at the stock’s price movement, the close in the last trading session was $14.96. Turning to its 52-week performance, $18.74 and $2.20 were the 52-week high and 52-week low respectively. Overall, AEVA moved 129.77% over the past month.
Aeva Technologies Inc’s market cap currently stands at around $781.32 million, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 3.39M for the company’s revenue for the quarter, with a low and high estimate of 3M and 3.87M respectively. The average forecast suggests up to a 68.65% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 17.29M, representing a 90.78% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AEVA is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 0 recommend AEVA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AEVA’s current price about 29.16% and 81.09% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.72, while 7-day volatility ratio is 17.28% and 12.11% in the 30-day chart. Further, Aeva Technologies Inc (AEVA) has a beta value of 0, and an average true range (ATR) of 1.42. Analysts have given the company’s stock an average 52-week price target of $7.109999999999999, forecast between a low of $5.22 and high of $9. Looking at the price targets, the low is 63.24% off current price level while to achieve the yearly target high, price needs to move 36.62%. Nonetheless, investors will most likely welcome a 49.93% jump to $7.109999999999999 which is the analysts’ median price.
If we refocus on Aeva Technologies Inc (NASDAQ:AEVA), historical trading data shows that trading volumes averaged 1.56 million over the past 3 months. The company’s latest data on shares outstanding shows there are 54.95 million shares.
The 44.70% of Aeva Technologies Inc’s shares are in the hands of company insiders while institutional holders own 78.33% of the company’s shares. Current price change has pushed the stock 198.95% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AEVA stock continues to rise going into the next quarter.
