NASDAQ:ELVA Electrovaya (ELVA) Stock Price, News & Analysis $1.93 -0.05 (-2.53%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$1.93▼$1.9950-Day Range$1.93▼$2.7152-Week Range$1.67▼$4.58Volume30,852 shsAverage Volume35,924 shsMarket Capitalization$65.40 millionP/E RatioN/ADividend YieldN/APrice Target$10.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestTrends Get Electrovaya alerts: Email Address Electrovaya MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside418.1% Upside$10.00 Price TargetShort InterestHealthy0.25% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.96Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.04) to $0.20 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.10 out of 5 starsComputer And Technology Sector428th out of 594 stocksMiscellaneous Electrical Machinery, Equipment, & Supplies Industry19th out of 27 stocks 3.5 Analyst's Opinion Consensus RatingElectrovaya has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageElectrovaya has only been the subject of 2 research reports in the past 90 days.Read more about Electrovaya's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.25% of the float of Electrovaya has been sold short.Short Interest Ratio / Days to CoverElectrovaya has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Electrovaya has recently increased by 25.33%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldElectrovaya does not currently pay a dividend.Dividend GrowthElectrovaya does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ELVA. Previous Next 3.3 News and Social Media Coverage News SentimentElectrovaya has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Electrovaya this week, compared to 1 article on an average week.Search Interest10 people have searched for ELVA on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Electrovaya insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 22.47% of the stock of Electrovaya is held by institutions.Read more about Electrovaya's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Electrovaya are expected to grow in the coming year, from ($0.04) to $0.20 per share.Price to Book Value per Share RatioElectrovaya has a P/B Ratio of 8.77. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Deal MakerThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.Learn more about this much-needed advancement and investment opportunity here. About Electrovaya Stock (NASDAQ:ELVA)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. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was incorporated in 1996 and is headquartered in Mississauga, Canada.Read More ELVA Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ELVA Stock News HeadlinesSeptember 1, 2024 | finance.yahoo.comElectrovaya Inc. (ELVA.TO)August 19, 2024 | finance.yahoo.comThese Analysts Just Made A Meaningful Downgrade To Their Electrovaya Inc. (TSE:ELVA) EPS ForecastsSeptember 7, 2024 | Weiss Ratings (Ad)“Fed Proof” Your Bank Account with THESE 4 Simple StepsStarting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.August 17, 2024 | finance.yahoo.comElectrovaya Third Quarter 2024 Earnings: Misses ExpectationsAugust 16, 2024 | investing.comElectrovaya stock target cut by Craig-Hallum on delayed revenueAugust 14, 2024 | seekingalpha.comElectrovaya Inc. (ELVA) Q3 2024 Earnings Call TranscriptAugust 13, 2024 | markets.businessinsider.comCraig-Hallum Keeps Their Buy Rating on Electrovaya (ELVA)May 28, 2024 | finanznachrichten.deElectrovaya, Inc.: Electrovaya to Present at Craig Hallum and Roth Capital Investor ConferencesSeptember 7, 2024 | Weiss Ratings (Ad)“Fed Proof” Your Bank Account with THESE 4 Simple StepsStarting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.May 28, 2024 | finance.yahoo.comElectrovaya to Present at Craig Hallum and Roth Capital Investor ConferencesMay 14, 2024 | finanznachrichten.deElectrovaya, Inc.: Electrovaya Reports Second Quarter FY2024 Financial ResultsMay 13, 2024 | finance.yahoo.comElectrovaya Announces Rescheduling of Q2-2024 Financial Results & Conference CallMay 13, 2024 | markets.businessinsider.comHere's what Wall Street expects from Electrovaya's earningsMay 13, 2024 | finance.yahoo.comInvestors in Electrovaya (TSE:ELVA) have seen massive returns of 310% over the past five yearsApril 29, 2024 | theglobeandmail.comMajor Trading Company Subsidiary Signs Battery Supply DealApril 29, 2024 | msn.comElectrovaya signs supply deal with Sumitomo for its lithium-ion battery productsApril 22, 2024 | finance.yahoo.comCan Electrovaya Inc. (TSE:ELVA) Improve Its Returns?April 19, 2024 | finanznachrichten.deElectrovaya, Inc.: Electrovaya to Host a Battery Technology & Investor DaySee More Headlines Receive ELVA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Electrovaya and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings8/13/2024Today9/07/2024Fiscal Year End9/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Miscellaneous electrical machinery, equipment, & supplies Sub-IndustryN/A Current SymbolNASDAQ:ELVA Previous SymbolNASDAQ:ELVA CUSIPN/A CIK1844450 Webelectrovaya.com Phone905-855-4610FaxN/AEmployees97Year FoundedN/APrice Target and Rating Average Stock Price Target$10.00 High Stock Price Target$16.00 Low Stock Price Target$6.00 Potential Upside/Downside+418.1%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-1,480,000.00 Net Margins-1.34% Pretax Margin1.31% Return on Equity-8.02% Return on Assets-1.63% Debt Debt-to-Equity Ratio0.26 Current Ratio0.99 Quick Ratio0.54 Sales & Book Value Annual Sales$49.41 million Price / Sales1.32 Cash FlowN/A Price / Cash FlowN/A Book Value$0.22 per share Price / Book8.77Miscellaneous Outstanding Shares33,885,000Free FloatN/AMarket Cap$65.40 million OptionableNot Optionable BetaN/A 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesDr. Sankar Das Gupta DIC (Age 73)Ph.D., Executive Chairman Comp: $221.6kDr. Rajshekar Das Gupta Ph.D.CEO & DirectorDr. James K. Jacobs MA (Age 75)Ph.D., Co-Founder & Independent Director Comp: $7.42kMr. Francis John GibsonCFO & SecretaryMr. Kyle O'LearyDirector of OperationsMr. Jason RoyDirector of Corporate Development & Investor RelationsDr. Jeremy Dang Ph.D.Vice President of Business & Project DevelopmentMore ExecutivesKey CompetitorsSolid PowerNASDAQ:SLDPNOVONIXNASDAQ:NVXGauzyNASDAQ:GAUZUltralifeNASDAQ:ULBIFREYR BatteryNYSE:FREYView All CompetitorsInstitutional OwnershipAIGH Capital Management LLCSold 1,544,513 shares on 8/7/2024Ownership: 7.602%View All Institutional Transactions ELVA Stock Analysis - Frequently Asked Questions How have ELVA shares performed this year? Electrovaya's stock was trading at $3.06 at the beginning of 2024. Since then, ELVA shares have decreased by 36.9% and is now trading at $1.93. View the best growth stocks for 2024 here. How were Electrovaya's earnings last quarter? Electrovaya Inc. (NASDAQ:ELVA) posted its quarterly earnings data on Tuesday, August, 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.06. The firm earned $10.27 million during the quarter, compared to analyst estimates of $17.84 million. Electrovaya had a negative net margin of 1.34% and a negative trailing twelve-month return on equity of 8.02%. Who are Electrovaya's major shareholders? Top institutional shareholders of Electrovaya include AIGH Capital Management LLC (7.60%). How do I buy shares of Electrovaya? Shares of ELVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:ELVA) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. 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