Aeva Technologies (NYSE:AEVA) Stock Price Up 8.1% – Defense World
Posted by admin on Jun 17th, 2022 
Shares of Aeva Technologies, Inc. (NYSE:AEVA – Get Rating) rose 8.1% during mid-day trading on Friday . The stock traded as high as $2.94 and last traded at $2.92. Approximately 3,569 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 802,168 shares. The stock had previously closed at $2.70.
AEVA has been the subject of several analyst reports. Credit Suisse Group initiated coverage on Aeva Technologies in a report on Thursday, April 14th. They issued an “outperform” rating and a $6.00 price objective for the company. Morgan Stanley reduced their price target on Aeva Technologies from $11.00 to $5.00 and set an “equal weight” rating for the company in a report on Thursday, February 24th. Finally, Piper Sandler reduced their price target on Aeva Technologies from $10.00 to $6.00 and set an “overweight” rating for the company in a report on Thursday, February 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $9.00.
The business has a fifty day simple moving average of $3.22 and a 200 day simple moving average of $4.93. The firm has a market cap of $628.43 million, a price-to-earnings ratio of -5.41 and a beta of 0.88.
Aeva Technologies (NYSE:AEVA – Get Rating) last announced its earnings results on Wednesday, May 4th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.03. Aeva Technologies had a negative return on equity of 23.42% and a negative net margin of 1,145.01%. The business had revenue of $1.14 million during the quarter, compared to analysts’ expectations of $1.46 million. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. As a group, equities research analysts anticipate that Aeva Technologies, Inc. will post -0.68 EPS for the current year.
Several hedge funds have recently bought and sold shares of the company. Sylebra Capital Ltd grew its position in shares of Aeva Technologies by 1.6% in the first quarter. Sylebra Capital Ltd now owns 26,828,400 shares of the company’s stock valued at $116,167,000 after purchasing an additional 418,864 shares in the last quarter. Canaan Partners XI LLC purchased a new stake in shares of Aeva Technologies in the fourth quarter valued at approximately $139,748,000. BlackRock Inc. grew its position in shares of Aeva Technologies by 34.8% in the fourth quarter. BlackRock Inc. now owns 6,869,099 shares of the company’s stock valued at $51,930,000 after purchasing an additional 1,771,677 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of Aeva Technologies by 3.8% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 6,782,374 shares of the company’s stock valued at $51,275,000 after purchasing an additional 249,545 shares in the last quarter. Finally, FIFTHDELTA Ltd grew its position in shares of Aeva Technologies by 139.3% in the first quarter. FIFTHDELTA Ltd now owns 2,829,216 shares of the company’s stock valued at $12,251,000 after purchasing an additional 1,646,804 shares in the last quarter. Institutional investors and hedge funds own 48.16% of the company’s stock.
About Aeva Technologies (NYSE:AEVA)
Aeva Technologies, Inc, through its frequency modulated continuous wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that enables the adoption of LiDAR across various applications. from automated driving to consumer electronics, consumer health, industrial automation, and security application.
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