Aeva Technologies (NASDAQ:AEVA) Shares Gap Down – What’s Next?

Aeva Technologies, Inc. (NASDAQ:AEVA)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $25.31, but opened at $22.50. Aeva Technologies shares last traded at $22.44, with a volume of 1,292,482 shares traded.

Wall Street Analysts Forecast Growth

AEVA has been the topic of several analyst reports. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Wall Street Zen cut shares of Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.50.

Aeva Technologies Stock Performance

The company has a debt-to-equity ratio of 7.32, a current ratio of 4.09 and a quick ratio of 3.89. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -4.61 and a beta of 2.41. The firm’s fifty day moving average is $17.98 and its 200 day moving average is $15.55.

Insider Buying and Selling

In related news, CTO Mina Rezk sold 27,389 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $15.04, for a total transaction of $411,930.56. Following the completion of the sale, the chief technology officer directly owned 1,442,371 shares in the company, valued at approximately $21,693,259.84. This trade represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $15.04, for a total transaction of $617,888.32. Following the sale, the chief executive officer owned 1,725,329 shares of the company’s stock, valued at approximately $25,948,948.16. This represents a 2.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 74,115 shares of company stock worth $1,114,690. 36.70% of the stock is owned by company insiders.

Institutional Trading of Aeva Technologies

Institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP lifted its stake in Aeva Technologies by 122.8% in the third quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock valued at $30,000 after acquiring an additional 1,157 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Aeva Technologies in the fourth quarter valued at approximately $33,000. Jones Financial Companies Lllp lifted its stake in Aeva Technologies by 27,345.0% in the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock valued at $38,000 after acquiring an additional 5,469 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Aeva Technologies in the fourth quarter valued at approximately $47,000. Finally, Daiwa Securities Group Inc. lifted its stake in Aeva Technologies by 79.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,339 shares of the company’s stock valued at $58,000 after acquiring an additional 1,922 shares during the last quarter. 62.92% of the stock is currently owned by institutional investors and hedge funds.

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.