Aeva Technologies (NYSE:AEVA) Shares Gap Up to $3.40

Aeva Systems, Inc. (NYSE:AEVAGet Rating)’s inventory rate gapped up prior to investing on Wednesday . The inventory had previously closed at $3.40, but opened at $3.49. Aeva Systems shares very last traded at $3.59, with a quantity of 3,248 shares shifting hands.

Wall Street Analyst Weigh In

Numerous brokerages have not long ago issued studies on AEVA. Credit score Suisse Group started protection on Aeva Technologies in a investigation report on Thursday, April 14th. They issued an “outperform” score and a $6.00 value goal on the inventory. Piper Sandler downgraded Aeva Systems from an “overweight” ranking to a “neutral” ranking and reduced their cost objective for the business from $5.00 to $3.00 in a research report on Monday.

Aeva Systems Rate Functionality

The organization has a 50-day moving typical of $3.16 and a two-hundred working day transferring average of $4.00. The stock has a marketplace capitalization of $825.64 million, a PE ratio of -7.06 and a beta of .79.

Aeva Systems (NYSE:AEVAGet Ranking) final unveiled its earnings results on Wednesday, May well 4th. The company claimed ($.15) earnings per share for the quarter, topping the consensus estimate of ($.18) by $.03. Aeva Systems experienced a adverse return on equity of 23.42% and a destructive internet margin of 1,145.01%. The organization had earnings of $1.14 million for the quarter, as opposed to the consensus estimate of $1.46 million. In the course of the exact interval in the prior 12 months, the small business posted ($.12) earnings for each share. On ordinary, investigation analysts forecast that Aeva Technologies, Inc. will put up -.68 EPS for the present-day fiscal calendar year.

Hedge Resources Weigh In On Aeva Systems

A amount of substantial traders have a short while ago modified their holdings of AEVA. Strs Ohio elevated its holdings in shares of Aeva Systems by 39.2% in the 4th quarter. Strs Ohio now owns 24,500 shares of the company’s inventory worthy of $185,000 soon after buying an more 6,900 shares in the course of the interval. Hamilton Lane Advisors LLC bought a new placement in shares of Aeva Technologies in the 4th quarter worth about $415,000. Allspring International Investments Holdings LLC ordered a new situation in shares of Aeva Technologies in the 4th quarter really worth about $388,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Aeva Systems in the 4th quarter really worth about $121,000. Last but not least, Oppenheimer & Co. Inc. lifted its holdings in shares of Aeva Technologies by 46.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 96,593 shares of the company’s stock really worth $730,000 soon after acquiring an added 30,617 shares throughout the time period. 48.16% of the stock is at the moment owned by hedge cash and other institutional investors.

About Aeva Technologies

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Aeva Systems, Inc, as a result of its frequency modulated steady wave (FMCW) sensing know-how, styles a 4D LiDAR-on-chip that enables the adoption of LiDAR throughout a variety of applications. from automatic driving to client electronics, purchaser wellness, industrial automation, and safety application.

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