Aeva Technologies (AEVA) to Release Earnings on Wednesday

Aeva Technologies (NYSE:AEVA) will be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Aeva Technologies to post earnings of ($0.72) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Aeva Technologies (NYSE:AEVA) last posted its earnings results on Wednesday, August 7th. The company reported ($0.67) EPS for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.03. The company had revenue of $2.01 million for the quarter, compared to the consensus estimate of $1.58 million. Aeva Technologies had a negative return on equity of 66.27% and a negative net margin of 2,399.43%. On average, analysts expect Aeva Technologies to post $-3 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Aeva Technologies Stock Performance

AEVA opened at $3.85 on Tuesday. The business’s fifty day moving average is $3.34 and its two-hundred day moving average is $3.16. The company has a market cap of $206.54 million, a price-to-earnings ratio of -1.23 and a beta of 1.37. Aeva Technologies has a one year low of $2.20 and a one year high of $7.25.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AEVA shares. Roth Mkm cut their price target on Aeva Technologies from $7.50 to $5.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Craig Hallum cut their price target on Aeva Technologies from $7.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Westpark Capital reissued a “hold” rating on shares of Aeva Technologies in a report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.03.

Insider Activity at Aeva Technologies

In related news, CEO Soroush Salehian Dardashti sold 85,601 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $2.84, for a total value of $243,106.84. Following the completion of the transaction, the chief executive officer now directly owns 4,379,207 shares in the company, valued at approximately $12,436,947.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 29.10% of the company’s stock.

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.