Aeva Technologies (NASDAQ:AEVA) Trading 8.6% Higher – Time to Buy?
by Doug Wharley · The Cerbat GemAeva Technologies, Inc. (NASDAQ:AEVA – Get Free Report) shares traded up 8.6% on Friday . The company traded as high as $28.61 and last traded at $28.07. 814,706 shares were traded during trading, a decline of 67% from the average session volume of 2,448,782 shares. The stock had previously closed at $25.84.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Wall Street Zen lowered shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Aeva Technologies presently has a consensus rating of “Hold” and an average target price of $26.50.
View Our Latest Stock Analysis on Aeva Technologies
Aeva Technologies Stock Performance
The business’s 50 day simple moving average is $16.65 and its two-hundred day simple moving average is $14.95. The company has a current ratio of 4.09, a quick ratio of 3.89 and a debt-to-equity ratio of 7.32. The firm has a market capitalization of $1.76 billion, a PE ratio of -5.58 and a beta of 2.20.
Insider Activity
In other news, CFO Saurabh Sinha sold 5,643 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $15.04, for a total transaction of $84,870.72. Following the completion of the sale, the chief financial officer owned 590,034 shares of the company’s stock, valued at $8,874,111.36. The trade was a 0.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Soroush Salehian Dardashti sold 41,083 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $15.04, for a total transaction of $617,888.32. Following the sale, the chief executive officer directly owned 1,725,329 shares of the company’s stock, valued at approximately $25,948,948.16. The trade was a 2.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 106,194 shares of company stock valued at $1,561,871 in the last 90 days. Company insiders own 36.70% of the company’s stock.
Institutional Investors Weigh In On Aeva Technologies
Hedge funds have recently modified their holdings of the business. Quantbot Technologies LP bought a new stake in shares of Aeva Technologies during the 2nd quarter valued at $36,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Aeva Technologies in the 4th quarter worth $33,000. Daiwa Securities Group Inc. bought a new position in Aeva Technologies in the 2nd quarter worth $100,000. Caitong International Asset Management Co. Ltd purchased a new stake in Aeva Technologies in the 4th quarter worth $47,000. Finally, Tower Research Capital LLC TRC increased its stake in Aeva Technologies by 127.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,311 shares of the company’s stock worth $163,000 after buying an additional 2,419 shares in the last quarter. Institutional investors own 62.92% of the company’s stock.
About Aeva Technologies
Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva’s core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company’s FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva’s systems from traditional time-of-flight LiDAR solutions.
Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.