Aeva Technologies (AEVA) to Release Earnings on Tuesday

Aeva Technologies (NYSE:AEVA) is set to 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. Investors that wish to register for the company’s conference call can do so using this link.

Aeva Technologies (NYSE:AEVA) last released its earnings results on Tuesday, March 5th. The company reported ($0.70) earnings per share for the quarter, beating the consensus estimate of ($0.75) by $0.05. Aeva Technologies had a negative net margin of 3,463.20% and a negative return on equity of 52.88%. The business had revenue of $1.61 million during the quarter, compared to analysts’ expectations 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 Trading Up 10.3 %

NYSE AEVA opened at $3.42 on Friday. The firm has a market capitalization of $180.64 million, a P/E ratio of -1.05 and a beta of 1.43. The firm’s fifty day moving average price is $4.19 and its two-hundred day moving average price is $3.96. Aeva Technologies has a 1 year low of $2.33 and a 1 year high of $7.60.

Analyst Ratings Changes

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

Insider Buying and Selling at Aeva Technologies

In other news, CEO Soroush Salehian Dardashti sold 33,147 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $3.95, for a total transaction of $130,930.65. Following the completion of the sale, the chief executive officer now owns 4,525,554 shares in the company, valued at $17,875,938.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 176,729 shares of company stock valued at $756,557 in the last three months. 34.60% of the stock is currently owned by company insiders.

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.