Electrovaya (NASDAQ:ELVA - Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01, Zacks reports. Electrovaya had a negative net margin of 3.33% and a negative return on equity of 18.87%. Electrovaya updated its FY 2025 guidance to EPS.
Electrovaya Price Performance
NASDAQ ELVA traded up $0.06 on Monday, reaching $2.50. The company had a trading volume of 186,813 shares, compared to its average volume of 77,784. The company has a quick ratio of 0.69, a current ratio of 1.03 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $100.23 million, a PE ratio of -83.33 and a beta of 1.84. The firm's 50 day moving average price is $2.48 and its 200 day moving average price is $2.32. Electrovaya has a 12 month low of $1.67 and a 12 month high of $4.24.
Wall Street Analyst Weigh In
Several brokerages have recently commented on ELVA. HC Wainwright restated a "buy" rating and set a $10.00 price objective on shares of Electrovaya in a research report on Friday. Roth Mkm restated a "buy" rating and set a $5.00 price objective (up from $4.00) on shares of Electrovaya in a research report on Friday. Finally, Raymond James set a $4.50 price objective on shares of Electrovaya and gave the company a "strong-buy" rating in a research report on Thursday, January 30th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Electrovaya presently has an average rating of "Buy" and a consensus price target of $6.10.
Read Our Latest Report on Electrovaya
Electrovaya Company Profile
(
Get Free Report)
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.
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