Electrovaya Inc. (NASDAQ:ELVA - Get Free Report)'s stock price fell 2.2% during trading on Tuesday . The company traded as low as $2.61 and last traded at $2.62. 86,422 shares were traded during mid-day trading, a decline of 29% from the average session volume of 121,330 shares. The stock had previously closed at $2.68.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the company. Alliance Global Partners started coverage on Electrovaya in a research report on Thursday, September 26th. They set a "buy" rating and a $5.00 price target on the stock. HC Wainwright dropped their price objective on shares of Electrovaya from $16.00 to $10.00 and set a "buy" rating on the stock in a report on Friday, December 13th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Electrovaya has an average rating of "Buy" and a consensus price target of $7.25.
Check Out Our Latest Research Report on ELVA
Electrovaya Trading Down 4.6 %
The company has a debt-to-equity ratio of 0.26, a current ratio of 0.99 and a quick ratio of 0.54. The stock has a market capitalization of $100.22 million, a P/E ratio of -250.00 and a beta of 1.84. The firm's 50 day moving average price is $2.41 and its 200 day moving average price is $2.32.
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.
Featured Stories
Before you consider Electrovaya, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Electrovaya wasn't on the list.
While Electrovaya currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
