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.
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.
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.