Aeva Technologies (AEVA) Expected to Announce Quarterly Earnings on Wednesday

Aeva Technologies (NYSE:AEVA) will likely be releasing its Q1 2025 earnings data after the market closes on Wednesday, May 14th. Analysts expect the company to announce earnings of ($0.47) per share and revenue of $2.33 million for the quarter.

Aeva Technologies Stock Up 18.2 %

AEVA stock opened at $9.21 on Wednesday. The business’s fifty day simple moving average is $5.72 and its two-hundred day simple moving average is $4.76. The firm has a market cap of $506.64 million, a price-to-earnings ratio of -2.98 and a beta of 1.07. Aeva Technologies has a twelve month low of $2.20 and a twelve month high of $9.53.

Insider Transactions at Aeva Technologies

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $5.36, for a total transaction of $1,072,000.00. Following the transaction, the chief executive officer now owns 3,764,808 shares in the company, valued at approximately $20,179,370.88. This represents a 5.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Sylebra Capital Llc acquired 1,333,188 shares of the stock in a transaction dated Friday, March 28th. The shares were bought at an average price of $6.70 per share, with a total value of $8,932,359.60. Following the completion of the purchase, the insider now directly owns 15,160,256 shares of the company’s stock, valued at approximately $101,573,715.20. This trade represents a 9.64 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 4,213,506 shares of company stock valued at $24,985,345 and sold 652,079 shares valued at $3,947,397. Insiders own 29.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Canaccord Genuity Group assumed coverage on shares of Aeva Technologies in a research note on Tuesday, April 1st. They issued a “buy” rating and a $9.50 target price on the stock. Morgan Stanley upped their price target on shares of Aeva Technologies from $4.87 to $5.22 and gave the stock an “equal weight” rating in a research report on Friday, March 21st. Finally, Oppenheimer boosted their price objective on shares of Aeva Technologies from $6.00 to $9.00 and gave the stock an “outperform” rating in a research note on Monday, April 21st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Aeva Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $7.14.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.