Electrovaya Inc. (NASDAQ:ELVA – Free Report) – Raymond James issued their FY2025 earnings per share estimates for Electrovaya in a note issued to investors on Wednesday, January 22nd. Raymond James analyst D. Magder anticipates that the company will post earnings per share of $0.05 for the year. Raymond James 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 reduced their target price on Electrovaya from $16.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, December 13th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Electrovaya currently has an average rating of “Buy” and a consensus price target of $6.70.
Electrovaya Price Performance
Shares of ELVA opened at $2.66 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.69 and a debt-to-equity ratio of 0.22. Electrovaya has a 1 year low of $1.67 and a 1 year high of $4.35. The stock has a market cap of $106.64 million, a P/E ratio of -88.67 and a beta of 1.84. The stock’s 50-day moving average price is $2.51 and its two-hundred day moving average price is $2.31.
Institutional Investors Weigh In On Electrovaya
An institutional investor recently bought a new position in Electrovaya stock. Penbrook Management LLC bought a new stake in Electrovaya Inc. (NASDAQ:ELVA – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 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 SEC. 22.47% of the stock is owned by hedge funds and other institutional investors.
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.
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