Aeva Technologies (AEVA) Set to Announce Earnings on Tuesday

Aeva Technologies (NYSE:AEVA) will post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Aeva Technologies to post earnings of ($1.38) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Aeva Technologies (NYSE:AEVA) last released its quarterly earnings results on Tuesday, March 5th. The company reported ($0.70) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.05. Aeva Technologies had a negative return on equity of 52.88% and a negative net margin of 3,463.20%. The firm had revenue of $1.61 million during the quarter, compared to the consensus estimate of $1.59 million. 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 Up 4.9 %

NYSE:AEVA opened at $3.24 on Tuesday. Aeva Technologies has a twelve month low of $2.33 and a twelve month high of $7.60. The business has a 50 day moving average price of $4.32 and a two-hundred day moving average price of $3.97. The company has a market cap of $170.94 million, a P/E ratio of -1.00 and a beta of 1.40.

Insider Activity

In other news, CEO Soroush Salehian Dardashti sold 75,791 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $4.65, for a total value of $352,428.15. Following the completion of the sale, the chief executive officer now owns 4,689,017 shares of the company’s stock, valued at approximately $21,803,929.05. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders sold 176,729 shares of company stock valued at $756,557. 34.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AEVA shares. Morgan Stanley upped their price target on Aeva Technologies to $5.10 and gave the stock an “equal weight” rating in a research report on Tuesday, March 19th. Roth Mkm upped their price target on Aeva Technologies from $5.00 to $7.50 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $25.00 price target on shares of Aeva Technologies in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.90.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, manufacturing, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in the United States, Thailand, Europe, the Middle East, and Asia. The company develops its products using frequency modulated continuous wave sensing technology.