NASDAQ:ELVA Electrovaya (ELVA) Stock Price, News & Analysis $2.28 +0.02 (+0.88%) (As of 10/17/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestTrends About Electrovaya Stock (NASDAQ:ELVA) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Electrovaya alerts:Sign Up Key Stats Today's Range$2.21▼$2.2950-Day Range$1.93▼$2.3652-Week Range$1.67▼$4.58Volume17,768 shsAverage Volume33,831 shsMarket Capitalization$77.26 millionP/E RatioN/ADividend YieldN/APrice Target$8.75Consensus RatingBuy Company OverviewElectrovaya 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… Election warning coming true… (Ad)If you missed it, my emergency election broadcast is now available - watch it before it's too late.Click here to watch it now. Electrovaya Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks44th Percentile Overall ScoreELVA MarketRank™: Electrovaya scored higher than 44% of companies evaluated by MarketBeat, and ranked 476th out of 658 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.5 / 5Analyst RatingBuy Consensus RatingElectrovaya has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageElectrovaya has only been the subject of 3 research reports in the past 90 days.Read more about Electrovaya's stock forecast and price target. Earnings and Valuation0.6 / 5Proj. Earnings GrowthGrowing Earnings GrowthEarnings for Electrovaya are expected to grow in the coming year, from ($0.05) to $0.21 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Electrovaya is -228.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Electrovaya is -228.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioElectrovaya has a P/B Ratio of 10.36. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted0.30% of the float of Electrovaya has been sold short.Short Interest Ratio / Days to CoverElectrovaya has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Electrovaya has recently increased by 1.20%, indicating that investor sentiment is decreasing. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldElectrovaya does not currently pay a dividend.Dividend GrowthElectrovaya does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted0.30% of the float of Electrovaya has been sold short.Short Interest Ratio / Days to CoverElectrovaya has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Electrovaya has recently increased by 1.20%, indicating that investor sentiment is decreasing. News and Social Media2.0 / 5News SentimentN/A News SentimentElectrovaya has a news sentiment score of 0.67. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.MarketBeat Follows2 people have added Electrovaya to their MarketBeat watchlist in the last 30 days. Company Ownership0.0 / 5Insider TradingN/A 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. 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 ELVA Stock News HeadlinesElectrovaya Inc (ELVA) Q3 2024 Earnings Call Highlights: Navigating Revenue Challenges with ...October 10, 2024 | finance.yahoo.comShould Electrovaya Inc. (TSE:ELVA) Focus On Improving This Fundamental Metric?September 30, 2024 | finance.yahoo.comCrypto’s next big bull run?Juan Villaverde may be America’s top crypto expert. And he says something big is coming for crypto – on November 5. Just a day after the American election, Juan believes crypto could start a massive run up …October 17, 2024 | Weiss Ratings (Ad)Electrovaya secures Japanese construction battery orderSeptember 12, 2024 | uk.investing.comAnalysts Offer Insights on Industrial Goods Companies: SQL Technologies (SKYX), Electrovaya (ELVA) and Ceco Environmental (CECO)September 11, 2024 | markets.businessinsider.comElectrovaya Inc. (ELVA.TO)September 1, 2024 | finance.yahoo.comThese Analysts Just Made A Meaningful Downgrade To Their Electrovaya Inc. (TSE:ELVA) EPS ForecastsAugust 19, 2024 | finance.yahoo.comElectrovaya Third Quarter 2024 Earnings: Misses ExpectationsAugust 17, 2024 | finance.yahoo.comSee More Headlines ELVA Stock Analysis - Frequently Asked Questions How have ELVA shares performed this year? Electrovaya's stock was trading at $3.06 on January 1st, 2024. Since then, ELVA stock has decreased by 25.5% and is now trading at $2.28. View the best growth stocks for 2024 here. How were Electrovaya's earnings last quarter? Electrovaya Inc. (NASDAQ:ELVA) issued its quarterly earnings data on Tuesday, August, 13th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by $0.06. The company had revenue of $10.27 million for the quarter, compared to analyst estimates of $17.84 million. Electrovaya had a negative trailing twelve-month return on equity of 8.02% and a negative net margin of 1.34%. 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. What other stocks do shareholders of Electrovaya own? Based on aggregate information from My MarketBeat watchlists, some other companies that Electrovaya investors own include Medical Properties Trust (MPW), Oxford Square Capital (OXSQ), Abrdn Global Infrastructure Income Fund (ASGI), Aberdeen Total Dynamic Dividend Fund (AOD), Annaly Capital Management (NLY), Realty Income (O) and Oxford Lane Capital (OXLC). Company Calendar Last Earnings8/13/2024Today10/17/2024Fiscal Year End9/30/2025Get 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$8.75 High Stock Price Target$16.00 Low Stock Price Target$5.00 Potential Upside/Downside+283.8%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.01) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-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 / Sales1.56 Cash FlowN/A Price / Cash FlowN/A Book Value$0.22 per share Price / Book10.36Miscellaneous Outstanding Shares33,885,000Free FloatN/AMarket Cap$77.26 million OptionableNot Optionable Beta1.38 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? 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