As of Friday close, Aeva Technologies Inc.’s (NYSE:AEVA) stock was up $0.04, moving up 3.57 percent to $1.16. The average number of shares traded per day over the past five days has been 1,239,900 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0600 fall in that time frame. In the last twenty days, the average volume was 774,115, while in the previous 50 days, it was 975,220.
Since last month, AEVA stock retreated 0.00%. Shares of the company fell to $1.0500 on 07/06/23, the lowest level in the past month. A 52-week high of $4.64 was reached on 02/02/23 after having rallying from a 52-week low of $0.89. Since the beginning of this year, AEVA’s stock price has dropped by -14.71% or -$0.2000, and marked a new high 8 times. However, the stock has declined by -75.00% since its 52-week high.
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AEVA stock investors should be aware that Aeva Technologies Inc. (AEVA) stock had its last reported insider trading activity 180 days ago on Feb 06. Dardashti Soroush Salehian, the Chief Executive Officer of the company, disposed of 35,851 shares for $2.02 on Feb 06. It resulted in a $72,283 divestment by the insider. Dardashti Soroush Salehian sold 52,600 shares at an average price of $2.01 on Feb 03. The insider now owns 23,859,891 shares following the transaction. On Feb 02, Chief Executive Officer Dardashti Soroush Salehian sold 362,849 shares at $2.04 apiece. The transaction was valued at $739,196.
Financial Health
In the three months ended March 30, Aeva Technologies Inc.’s quick ratio stood at 21.30, while its current ratio was 21.50, showing that the company is able to pay off its debt. Based on annual data, AEVA earned -$4.25 million in gross profit and brought in $4.19 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -46.10%. Return on equity (ROE) for the past 12 months was -42.80%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AEVA’s revenue rose 0.87% to $0.19 million during the quarter, while net income inched up to $1.15 million. While analysts expected Aeva Technologies Inc. to report -$0.16 quarterly earnings, the actual figure was -$0.16 per share. During the quarter, the company generated -$36.2 million in EBITDA. The liabilities of Aeva Technologies Inc. were 18.09 million at the end of its most recent quarter ended March 30, and its total debt was $6.7 million. The value of shareholders’ equity is $220.36 million.
Technical Picture
This quick technical analysis looks at Aeva Technologies Inc.’s (AEVA) price momentum. With a historical volatility rate of 61.78%, the RSI 9-day stood at 41.50% on 04 August.
With respect to its five-day moving average, the current Aeva Technologies Inc. price is down by -4.92% percent or -$0.0600. At present, AEVA shares trade -4.92% below its 20-day simple moving average and -31.76% percent below its 100-day simple moving average. However, the stock is currently trading approximately +4.50% above its SMA50 and -43.14% below its SMA200.
Stochastic coefficient K was 27.16% and Stochastic coefficient D was 27.98%, while ATR was 0.0866. Given the Stochastic reading of 18.52% for the 14-day period, the RSI (14) reading has been calculated as 44.00%. As of today, the MACD Oscillator reading stands at -0.0500, while the 14-day reading stands at -0.0783.
Analyst Ratings
Aeva Technologies Inc. downgraded its rating on Aeva Technologies Inc. (NYSE: AEVA) to a Neutral in a note to investors on July 18, 2022. The analysts firm previously had an Overweight rating on the stock.Aeva Technologies Inc. (AEVA) has been rated Overweight by analysts. According to 0 brokerage firms, AEVA is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Aeva Technologies Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $2.00, the current consensus forecast for the stock is $1.10 – $6.00. Based on these forecasts, analysts predict Aeva Technologies Inc. (AEVA) will achieve an average price target of $2.40.
