Aeva Technologies (AEVA) Set to Announce Earnings on Tuesday

Aeva Technologies (NYSE:AEVA) is scheduled to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Aeva Technologies to post earnings of ($1.38) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Aeva Technologies (NYSE:AEVA) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($0.70) EPS for the quarter, beating the consensus estimate of ($0.75) by $0.05. The business had revenue of $1.61 million during the quarter, compared to the consensus estimate of $1.59 million. Aeva Technologies had a negative net margin of 3,463.20% and a negative return on equity of 52.88%. On average, analysts expect Aeva Technologies to post $-3 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Aeva Technologies Stock Performance

Shares of AEVA stock opened at $3.42 on Monday. Aeva Technologies has a fifty-two week low of $2.33 and a fifty-two week high of $7.60. The stock’s fifty day moving average price is $4.19 and its two-hundred day moving average price is $3.96. The company has a market cap of $180.64 million, a PE ratio of -1.05 and a beta of 1.43.

Insiders Place Their Bets

In related news, CEO Soroush Salehian Dardashti sold 33,147 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $3.95, for a total value of $130,930.65. Following the sale, the chief executive officer now directly owns 4,525,554 shares in the company, valued at $17,875,938.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 176,729 shares of company stock valued at $756,557 in the last ninety days. 34.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Roth Mkm lifted their target price on Aeva Technologies from $5.00 to $7.50 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Oppenheimer reaffirmed an “outperform” rating and set a $25.00 price target on shares of Aeva Technologies in a report on Wednesday, March 6th. Finally, Morgan Stanley increased their price objective on shares of Aeva Technologies to $5.10 and gave the company an “equal weight” rating in a research note on Tuesday, March 19th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.90.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, manufacturing, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in the United States, Thailand, Europe, the Middle East, and Asia. The company develops its products using frequency modulated continuous wave sensing technology.