Aeva Technologies Inc (AEVA) Shares on the Rise: Short-term Analysis

Aeva Technologies Inc [AEVA] stock is trading at $3.30, up 0.61%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AEVA shares have gain 9.63% over the last week, with a monthly amount glided 1.23%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Aeva Technologies Inc [NYSE: AEVA] stock has seen the most recent analyst activity on July 18, 2022, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $3 from $5. Previously, Credit Suisse started tracking the stock with Outperform rating on April 14, 2022, and set its price target to $6. On July 19, 2021, Morgan Stanley initiated with a Equal-Weight rating and assigned a price target of $11 on the stock. New Street started tracking the stock assigning a Buy rating and suggested a price target of $18 on July 07, 2021. Robert W. Baird initiated its recommendation with a Outperform and recommended $20 as its price target on April 01, 2021.

Aeva Technologies Inc [AEVA] stock has fluctuated between $2.20 and $7.25 over the past year. Currently, Wall Street analysts expect the stock to reach $4.75 within the next 12 months. Aeva Technologies Inc [NYSE: AEVA] shares were valued at $3.30 at the most recent close of the market. An investor can expect a potential return of 43.94% based on the average AEVA price forecast.

Analyzing the AEVA fundamentals

Aeva Technologies Inc [NYSE:AEVA] reported sales of 6.54M for the trailing twelve months, which represents a growth of 170.79%. Gross Profit Margin for this corporation currently stands at -0.74% with Operating Profit Margin at -22.49%, Pretax Profit Margin comes in at -23.98%, and Net Profit Margin reading is -23.99%. To continue investigating profitability, this company’s Return on Assets is posted at -0.79, Equity is -0.75 and Total Capital is -0.89. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.19 points at the first support level, and at 3.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.38, and for the 2nd resistance point, it is at 3.46.

Ratios To Look Out For

For context, Aeva Technologies Inc’s Current Ratio is 5.28. Further, the Quick Ratio stands at 5.19, while the Cash Ratio is 0.72. Considering the valuation of this stock, the price to sales ratio is 27.07, the price to book ratio is 1.10.

Transactions by insiders

Recent insider trading involved Rezk Mina, Chief Technology Officer, that happened on Aug 12 ’24 when 70000.0 shares were sold. Chief Technology Officer, Rezk Mina completed a deal on Jun 20 ’24 to sell 50466.0 shares. Meanwhile, Chief Technology Officer Rezk Mina sold 37629.0 shares on Jun 18 ’24.

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