Aeva Technologies Inc (NYSE: AEVA) stock jumped 2.28% on Monday to $0.56 against a previous-day closing price of $0.55. With 0.66 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.8 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $0.5900 whereas the lowest price it dropped to was $0.5302. The 52-week range on AEVA shows that it touched its highest point at $2.10 and its lowest point at $0.47 during that stretch. It currently has a 1-year price target of $1.92.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AEVA was down-trending over the past week, with a drop of -6.04%, but this was down by -9.52% over a month. Three-month performance dropped to -43.35% while six-month performance fell -48.62%. The stock lost -69.06% in the past year, while it has lost -58.82% so far this year. A look at the trailing 12-month EPS for AEVA yields -0.67 with Next year EPS estimates of -0.51. For the next quarter, that number is -0.13. This implies an EPS growth rate of 6.32% for this year and 4.12% for next year.
Float and Shares Shorts:
At present, 218.75 million AEVA shares are outstanding with a float of 112.80 million shares on hand for trading. On Oct 30, 2023, short shares totaled 4.25 million, which was 1.91% higher than short shares on Sep 28, 2023. In addition to Mr. Mina Rezk as the firm’s Co-Founder, President, CTO & Chairman of the Board, Mr. Soroush Salehian Dardashti serves as its Co-Founder, CEO & Director.
Institutional Ownership:
Through their ownership of 38.73% of AEVA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.50% of AEVA, in contrast to 44.25% held by mutual funds. Shares owned by individuals account for 30.78%. As the largest shareholder in AEVA with 23.30% of the stake, Sylebra Capital Ltd. holds 51,896,560 shares worth 51,896,560. A second-largest stockholder of AEVA, The Vanguard Group, Inc., holds 7,822,764 shares, controlling over 3.51% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in AEVA, holding 5,117,319 shares or 2.30% stake. With a 1.77% stake in AEVA, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 3,931,094 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 0.86% of AEVA stock, is the second-largest Mutual Fund holder. It holds 1,907,817 shares valued at 0.95 million. Vanguard Information Technology I holds 0.73% of the stake in AEVA, owning 1,614,331 shares worth 0.8 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AEVA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AEVA analysts setting a high price target of $5.00 and a low target of $0.66, the average target price over the next 12 months is $1.92. Based on these targets, AEVA could surge 792.86% to reach the target high and rise by 17.86% to reach the target low. Reaching the average price target will result in a growth of 242.86% from current levels.
Summary of Insider Activity:
Insiders traded AEVA stock several times over the past three months with 2 Buys and 2 Sells. In these transactions, 129,622 shares were bought while 67,176 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 6,606,302 while 640,599 shares were sold.
