Electrovaya, Inc [ELVA] stock prices are down -2.36% to $2.48 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ELVA shares have gain 14.29% over the last week, with a monthly amount drifted -6.06%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Electrovaya, Inc [NASDAQ: ELVA] stock has seen the most recent analyst activity on March 06, 2024, when ROTH MKM initiated its Buy rating and assigned the stock a price target of $8.
The stock price of Electrovaya, Inc [ELVA] has been fluctuating between $1.67 and $4.58 over the past year. Currently, Wall Street analysts expect the stock to reach $1.1 within the next 12 months. Electrovaya, Inc [NASDAQ: ELVA] shares were valued at $2.48 at the most recent close of the market. An investor can expect a potential drop of -55.65% based on the average ELVA price forecast.
Analyzing the ELVA fundamentals
The Electrovaya, Inc [NASDAQ:ELVA] reported sales of 44.62M for trailing twelve months, representing a drop of -24.43%. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.2 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.38.
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 2.38 points at the first support level, and at 2.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.61, and for the 2nd resistance point, it is at 2.75.
Ratios To Look Out For
It’s worth pointing out that Electrovaya, Inc [NASDAQ:ELVA]’s Current Ratio is 1.03. In addition, the Quick Ratio stands at 0.69 and the Cash Ratio stands at 0.02. Considering the valuation of this stock, the price to sales ratio is 1.90, the price to book ratio is 9.86.
