Aeva Technologies (AEVA) to Release Earnings on Wednesday

Aeva Technologies (NYSE:AEVA) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Aeva Technologies to post earnings of ($0.72) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Aeva Technologies (NYSE:AEVA) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.67) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.03. Aeva Technologies had a negative net margin of 2,399.43% and a negative return on equity of 66.27%. The firm had revenue of $2.01 million during the quarter, compared to analyst estimates of $1.58 million. 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 Down 2.3 %

Shares of NYSE AEVA opened at $3.85 on Tuesday. Aeva Technologies has a 52 week low of $2.20 and a 52 week high of $7.25. The firm’s fifty day moving average is $3.34 and its 200 day moving average is $3.16. The company has a market cap of $206.54 million, a price-to-earnings ratio of -1.23 and a beta of 1.37.

Insider Activity

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 85,601 shares of Aeva Technologies stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $2.84, for a total value of $243,106.84. Following the transaction, the chief executive officer now owns 4,379,207 shares in the company, valued at $12,436,947.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 29.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AEVA shares. Roth Mkm dropped their price target on shares of Aeva Technologies from $7.50 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Craig Hallum reduced their price target on shares of Aeva Technologies from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Westpark Capital reissued a “hold” rating on shares of Aeva Technologies in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.03.

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.