Raymond James Predicts Electrovaya FY2025 Earnings

Electrovaya Inc. (NASDAQ:ELVA) – Equities researchers at Raymond James issued their FY2025 earnings per share estimates for Electrovaya in a research note issued on Wednesday, January 22nd. Raymond James analyst D. Magder forecasts that the company will post earnings per share of $0.05 for the year. Raymond James currently has a “Strong-Buy” rating on the stock. The consensus estimate for Electrovaya’s current full-year earnings is $0.13 per share. Raymond James also issued estimates for Electrovaya’s FY2026 earnings at $0.17 EPS and FY2027 earnings at $0.28 EPS.

Separately, HC Wainwright decreased their price target on Electrovaya from $16.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Electrovaya has a consensus rating of “Buy” and a consensus price target of $6.70.

Electrovaya Stock Down 0.8 %

Shares of ELVA opened at $2.64 on Monday. The stock has a fifty day simple moving average of $2.52 and a two-hundred day simple moving average of $2.32. The company has a quick ratio of 0.69, a current ratio of 1.03 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $105.84 million, a PE ratio of -88.00 and a beta of 1.84. Electrovaya has a 52-week low of $1.67 and a 52-week high of $4.35.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Electrovaya stock. Penbrook Management LLC acquired a new position in shares of Electrovaya Inc. (NASDAQ:ELVA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 183,215 shares of the company’s stock, valued at approximately $448,000. Penbrook Management LLC owned about 0.46% of Electrovaya as of its most recent filing with the Securities & Exchange Commission. 22.47% of the stock is currently owned by institutional investors and hedge funds.

Electrovaya Company Profile

Electrovaya Inc engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It offers lithium-ion batteries and systems for materials handling electric vehicles, including forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as competencies in building systems for third parties.