Electrovaya (ELVA) to Release Quarterly Earnings on Wednesday

Electrovaya (NASDAQ:ELVA - Get Free Report) is expected to issue its Q2 2025 quarterly earnings data after the market closes on Wednesday, May 14th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $15.95 million for the quarter. Electrovaya has set its FY 2025 guidance at EPS.

Electrovaya (NASDAQ:ELVA - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01. Electrovaya had a negative return on equity of 15.42% and a negative net margin of 3.88%. On average, analysts expect Electrovaya to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Electrovaya Stock Up 2.2 %

Shares of NASDAQ:ELVA traded up $0.06 during trading on Friday, reaching $2.73. 27,019 shares of the company traded hands, compared to its average volume of 52,071. Electrovaya has a 1-year low of $1.67 and a 1-year high of $3.54. The firm has a fifty day simple moving average of $2.52 and a 200 day simple moving average of $2.45. The company has a quick ratio of 0.69, a current ratio of 1.55 and a debt-to-equity ratio of 0.08. The firm has a market cap of $109.49 million, a P/E ratio of -68.25 and a beta of 1.22.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ELVA shares. Raymond James set a $4.50 price objective on shares of Electrovaya and gave the company a "strong-buy" rating in a research note on Thursday, January 30th. HC Wainwright restated a "buy" rating and set a $10.00 price target on shares of Electrovaya in a report on Friday, February 14th. Finally, Roth Mkm reiterated a "buy" rating and issued a $5.00 price objective (up from $4.00) on shares of Electrovaya in a research note on Friday, February 14th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Electrovaya currently has a consensus rating of "Buy" and an average price target of $6.10.

About Electrovaya

Electrovaya 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.