Aeva Technologies (NASDAQ:AEVA) Stock Price Down 10.4% - Time to Sell?

Key Points

• AEVA stock dropped 10.4% to $17.68 on Wednesday, trading about 1.87M shares—a 67% decline from its average daily volume after closing at $19.74 the prior day.
• Analyst sentiment is mixed with a consensus rating of "Hold" and a $26.50 average price target (3 Buys, 1 Hold, 1 Sell); recent notes include Canaccord's $24 target and sell/ downgrade actions from Wall Street Zen and Weiss.
• Fundamentals and insider activity raise concerns: Aeva has a $1.09B market cap, reported negative EPS (-$0.46 last quarter), very negative margins on only $3.58M revenue, and insiders sold roughly 1.65M shares (~$22.9M) in the past 90 days, though institutions hold ~63% of shares.

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report)'s stock price dropped 10.4% during trading on Wednesday . The stock traded as low as $17.62 and last traded at $17.68. Approximately 1,865,341 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 5,627,778 shares. The stock had previously closed at $19.74.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group reiterated a "buy" rating and set a $24.00 price objective on shares of Aeva Technologies in a research note on Thursday, December 4th. Wall Street Zen lowered Aeva Technologies from a "hold" rating to a "sell" rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Aeva Technologies in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Aeva Technologies currently has a consensus rating of "Hold" and a consensus price target of $26.50.

Aeva Technologies Price Performance

The firm has a market capitalization of $1.09 billion, a P/E ratio of -3.42 and a beta of 2.08. The firm's fifty day moving average price is $14.07 and its 200-day moving average price is $16.33.

Aeva Technologies (NASDAQ:AEVA - Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported ($0.46) earnings per share for the quarter. Aeva Technologies had a negative return on equity of 603.21% and a negative net margin of 1,031.15%.The firm had revenue of $3.58 million during the quarter. Analysts expect that Aeva Technologies, Inc. will post -2.7 earnings per share for the current year.

Insider Activity at Aeva Technologies

In related news, CFO Saurabh Sinha sold 60,000 shares of the firm's stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $20.64, for a total transaction of $1,238,400.00. Following the completion of the sale, the chief financial officer directly owned 627,756 shares in the company, valued at approximately $12,956,883.84. This trade represents a 8.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Mina Rezk sold 64,787 shares of the company's stock in a transaction on Friday, January 9th. The shares were sold at an average price of $18.85, for a total value of $1,221,234.95. Following the completion of the transaction, the chief technology officer directly owned 1,469,760 shares in the company, valued at $27,704,976. This represents a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,651,923 shares of company stock valued at $22,904,227 over the last ninety days. Insiders own 27.20% of the company's stock.

Institutional Trading of Aeva Technologies

Several institutional investors have recently made changes to their positions in AEVA. AQR Capital Management LLC increased its stake in Aeva Technologies by 29.2% in the 1st quarter. AQR Capital Management LLC now owns 20,849 shares of the company's stock valued at $146,000 after buying an additional 4,707 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Aeva Technologies by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company's stock valued at $96,000 after acquiring an additional 630 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Aeva Technologies by 27,345.0% during the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company's stock valued at $38,000 after acquiring an additional 5,469 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Aeva Technologies by 92.2% in the second quarter. GAMMA Investing LLC now owns 865 shares of the company's stock worth $33,000 after acquiring an additional 415 shares during the last quarter. Finally, Perennial Advisors LLC purchased a new stake in shares of Aeva Technologies during the second quarter worth $227,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Aeva Technologies Company Profile

Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva's core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company's FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva's systems from traditional time-of-flight LiDAR solutions.

Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.

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