Aeva Technologies, Inc. (NYSE:AEVA – Get Free Report) saw a large drop in short interest in June. As of June 15th, there was short interest totalling 1,920,000 shares, a drop of 5.9% from the May 31st total of 2,040,000 shares. Based on an average daily volume of 250,700 shares, the short-interest ratio is presently 7.7 days. Currently, 5.6% of the company’s stock are sold short.
Analysts Set New Price Targets
A number of brokerages recently issued reports on AEVA. Morgan Stanley increased their target price on Aeva Technologies to $5.10 and gave the stock an “equal weight” rating in a report on Tuesday, March 19th. Oppenheimer reissued an “outperform” rating and issued a $25.00 price target on shares of Aeva Technologies in a research report on Wednesday, March 6th. Finally, Craig Hallum lowered their price target on Aeva Technologies from $10.00 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Aeva Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $10.92.
View Our Latest Report on Aeva Technologies
Institutional Investors Weigh In On Aeva Technologies
Aeva Technologies Price Performance
NYSE AEVA opened at $2.29 on Wednesday. The business has a fifty day simple moving average of $3.09 and a 200 day simple moving average of $4.01. Aeva Technologies has a 12 month low of $2.24 and a 12 month high of $7.25.
Aeva Technologies (NYSE:AEVA – Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.66) EPS for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.02. The business had revenue of $2.11 million during the quarter, compared to analyst estimates of $1.70 million. Aeva Technologies had a negative return on equity of 58.54% and a negative net margin of 2,835.99%. On average, analysts anticipate that Aeva Technologies will post -2.75 earnings per share for the current year.
Aeva Technologies Company Profile
Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.
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