Aeva Technologies Inc. (NYSE:AEVA) finished Wednesday with a subtraction of -$0.09 to close at $1.01, a downside of -8.18 percent. An average of 1,294,760 shares of common stock have been traded in the last five days. There was a fall of -$0.1500 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 815,240 shares traded, while the 50-day average volume stands at 989,974.
AEVA stock has decreased by -26.28% in the last month. The company shares reached their 1-month lowest point of $1.0000 on 08/09/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $0.89 and a high of $4.41 in 52 weeks. It has reached a new high 8 times so far this year and lost -25.74% or -$0.3500 in price. In spite of this, the price is down -77.07% from the 52-week high.
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Insider Transactions
AEVA stock investors should be aware that Aeva Technologies Inc. (AEVA) stock had its last reported insider trading activity 185 days ago on Feb 06. In this transaction, the insider spent $72,283. Chief Executive Officer, Dardashti Soroush Salehian, disposed of 52,600 shares at a price of $2.01 on Feb 03. The insider now owns more than $105,668 worth of shares. Prior to that, Chief Executive Officer Dardashti Soroush Salehian went on to Sale 362,849 shares at $2.04 each on Feb 02. An amount of $739,196 was transacted.
Valuation Metrics
Aeva Technologies Inc. (AEVA) has a trailing price-to-sales (P/S) ratio at 51.16, the price-to-book (PB) ratio at 0.74.
Financial Health
The quick ratio of Aeva Technologies Inc. for the three months ended June 29 was 21.30, and the current ratio was 21.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Aeva Technologies Inc.’s EBITDA margin for the year ending June 29 is -3478.24%. Its gross profit as reported stood at -$4.25 million compared to revenue of $4.19 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Aeva Technologies Inc.’s return on assets was -40.40%.
Earnings Surprise
For the three-month period that ended June 29, Aeva Technologies Inc. had $256.54 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$35.17 million in the quarter, while revenues of -$42.67 million were grew 5.72%. The analyst consensus anticipated Aeva Technologies Inc.’s latest quarter earnings to come in at -$0.16 per share, but it turned out to be -$0.16, a 0.00% surprise. For the quarter, EBITDA amounted to -$36.2 million. At the end of the quarter ending June 29, Aeva Technologies Inc.’s stock balance sheet showed total liabilities of 18.09 million. Shareholders own equity worth $220.36 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Aeva Technologies Inc. (AEVA) price momentum. RSI 9-day as of the close on 09 August was 27.53%, suggesting the stock is oversold, with historical volatility in this time frame at 62.92%.
As of today, AEVA’s price is $1.1060 -12.93% or -$0.1500 from its 5-day moving average. AEVA is currently trading -25.19% lower than its 20-day SMA and -38.04% lower than its 100-day SMA. However, the stock’s current price level is -12.17% below the SMA50 and -47.94% below the SMA200.
The stochastic %K and %D were 10.24% and 15.44%, respectively, and the average true range (ATR) was 0.0912. With the 14-day stochastic at 3.39% and the average true range at 0.0931, the RSI (14) stands at 34.40%. The stock has reached -0.0722 on the 9-day MACD Oscillator while the 14-day reading was at -0.0981.
Analyst Ratings
Piper Sandler downgraded Aeva Technologies Inc. (NYSE: AEVA) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Aeva Technologies Inc. (AEVA) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AEVA, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.
What is AEVA’s price target for the next 12 months?
Analysts predict a range of price targets between $1.14 and $6.00, with a median target of $1.75. Taking a look at these predictions, the average price target given by analysts for Aeva Technologies Inc. (AEVA) stock is $2.29.
