Aeva Technologies Sees Unusually Large Options Volume (NYSE:AEVA) – MarketBeat

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Aeva Technologies, Inc. (NYSE:AEVA – Get Rating) saw unusually large options trading on Wednesday. Stock traders acquired 8,749 put options on the company. This represents an increase of approximately 1,050% compared to the average daily volume of 761 put options.

Insider Buying and Selling

In related news, CFO Saurabh Sinha sold 11,997 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $2.75, for a total value of $32,991.75. Following the completion of the sale, the chief financial officer now owns 192,797 shares in the company, valued at approximately $530,191.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of Aeva Technologies

Several institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd bought a new position in Aeva Technologies during the fourth quarter valued at approximately $37,000. Itau Unibanco Holding S.A. bought a new stake in shares of Aeva Technologies in the 4th quarter valued at approximately $40,000. Quantbot Technologies LP bought a new stake in shares of Aeva Technologies in the 1st quarter valued at approximately $35,000. MQS Management LLC bought a new stake in shares of Aeva Technologies in the 1st quarter valued at approximately $51,000. Finally, Independent Advisor Alliance bought a new stake in shares of Aeva Technologies in the 2nd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 47.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their price target on Aeva Technologies from $3.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, August 4th.

Aeva Technologies Stock Down 1.7 %

Aeva Technologies stock traded down $0.04 during mid-day trading on Wednesday, reaching $2.27. 44,067 shares of the stock traded hands, compared to its average volume of 1,713,075. The business’s 50-day moving average is $3.30 and its 200-day moving average is $3.43. Aeva Technologies has a 12-month low of $2.30 and a 12-month high of $10.75.
Aeva Technologies (NYSE:AEVA – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.16) EPS for the quarter, hitting analysts’ consensus estimates of ($0.16). Aeva Technologies had a negative return on equity of 27.32% and a negative net margin of 1,407.47%. During the same period in the previous year, the business earned ($0.11) earnings per share. As a group, sell-side analysts predict that Aeva Technologies will post -0.69 EPS for the current year.

Aeva Technologies Company Profile

(Get Rating)
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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