Aeva Technologies (NASDAQ:AEVA – Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.06, Zacks reports. Aeva Technologies had a negative net margin of 1,031.15% and a negative return on equity of 603.21%.
Aeva Technologies Stock Performance
Shares of NASDAQ:AEVA remained flat at $13.64 during trading on Thursday. The company had a trading volume of 2,695,603 shares, compared to its average volume of 3,404,604. The firm has a 50-day moving average of $14.76 and a 200-day moving average of $14.62. The firm has a market capitalization of $819.49 million, a P/E ratio of -2.56 and a beta of 2.09. Aeva Technologies has a 12-month low of $2.52 and a 12-month high of $38.80.
Insiders Place Their Bets
In related news, CTO Mina Rezk sold 321,723 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $12.96, for a total transaction of $4,169,530.08. Following the completion of the transaction, the chief technology officer owned 1,534,547 shares in the company, valued at approximately $19,887,729.12. This represents a 17.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Soroush Salehian Dardashti sold 488,160 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $12.96, for a total value of $6,326,553.60. Following the transaction, the chief executive officer owned 1,831,199 shares of the company’s stock, valued at approximately $23,732,339.04. The trade was a 21.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,032,213 shares of company stock worth $14,722,858 in the last three months. 27.20% of the stock is owned by company insiders.
Hedge Funds Weigh In On Aeva Technologies
Wall Street Analyst Weigh In
Several research firms have recently commented on AEVA. Weiss Ratings restated a “sell (e+)” rating on shares of Aeva Technologies in a research note on Monday, December 29th. Canaccord Genuity Group reissued a “buy” rating and set a $24.00 price target on shares of Aeva Technologies in a report on Thursday, December 4th. Finally, Wall Street Zen downgraded Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Aeva Technologies currently has a consensus rating of “Hold” and a consensus target price of $26.50.
Check Out Our Latest Stock Analysis on AEVA
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.
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