Seaport Res Ptn Increases Earnings Estimates for Electrovaya

Electrovaya Inc. (NASDAQ:ELVA - Free Report) - Research analysts at Seaport Res Ptn increased their FY2025 earnings per share (EPS) estimates for Electrovaya in a report released on Tuesday, February 18th. Seaport Res Ptn analyst J. Campbell now forecasts that the company will post earnings per share of $0.14 for the year, up from their prior estimate of $0.03. The consensus estimate for Electrovaya's current full-year earnings is $0.10 per share. Seaport Res Ptn also issued estimates for Electrovaya's Q4 2025 earnings at $0.02 EPS and FY2026 earnings at $0.49 EPS.

Electrovaya (NASDAQ:ELVA - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. Electrovaya had a negative return on equity of 15.42% and a negative net margin of 3.88%.

A number of other equities analysts have also recently commented on the stock. Raymond James set a $4.50 price target on shares of Electrovaya and gave the stock a "strong-buy" rating in a research note on Thursday, January 30th. Roth Mkm reiterated a "buy" rating and issued a $5.00 target price (up from $4.00) on shares of Electrovaya in a research report on Friday, February 14th. Finally, HC Wainwright restated a "buy" rating and set a $10.00 price target on shares of Electrovaya in a research report on Friday, February 14th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $6.10.

Electrovaya Price Performance

Shares of ELVA stock traded down $0.10 during trading on Thursday, hitting $2.29. The company had a trading volume of 117,637 shares, compared to its average volume of 83,631. The stock's 50-day moving average is $2.46 and its two-hundred day moving average is $2.32. The stock has a market capitalization of $91.81 million, a price-to-earnings ratio of -57.25 and a beta of 1.84. The company has a quick ratio of 0.69, a current ratio of 1.55 and a debt-to-equity ratio of 0.08. Electrovaya has a 52 week low of $1.67 and a 52 week high of $4.24.

Institutional Investors Weigh In On Electrovaya

A number of institutional investors have recently made changes to their positions in ELVA. XTX Topco Ltd purchased a new position in Electrovaya in the 4th quarter worth $27,000. Citadel Advisors LLC bought a new position in shares of Electrovaya during the fourth quarter valued at about $64,000. WealthTrust Axiom LLC increased its holdings in shares of Electrovaya by 181.2% in the fourth quarter. WealthTrust Axiom LLC now owns 168,450 shares of the company's stock worth $418,000 after buying an additional 108,550 shares during the period. Manatuck Hill Partners LLC bought a new stake in shares of Electrovaya in the 4th quarter valued at about $434,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Electrovaya in the 4th quarter valued at about $435,000. Hedge funds and other institutional investors own 22.47% of the company's stock.

About Electrovaya

Electrovaya Inc engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It offers lithium-ion batteries and systems for materials handling electric vehicles, including forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as competencies in building systems for third parties.