Brokers Offer Predictions for Electrovaya FY2025 Earnings

Key Points

• Raymond James Financial has increased its FY2025 earnings per share estimate for Electrovaya from $0.05 to $0.08, suggesting a positive outlook for the company's financial performance.
• Electrovaya's stock has recently been downgraded from a "buy" to a "hold" rating by Wall Street Zen, although the consensus remains a "Buy" with a price target of $6.13.
• Electrovaya reported quarterly earnings of $0.02 per share, falling short of the consensus estimate of $0.04, which may impact investor sentiment.

Electrovaya Inc. (NASDAQ:ELVA - Free Report) - Raymond James Financial increased their FY2025 EPS estimates for shares of Electrovaya in a report issued on Thursday, August 14th. Raymond James Financial analyst D. Magder now anticipates that the company will earn $0.08 per share for the year, up from their previous forecast of $0.05. The consensus estimate for Electrovaya's current full-year earnings is $0.10 per share. Raymond James Financial also issued estimates for Electrovaya's FY2026 earnings at $0.24 EPS.

ELVA has been the subject of a number of other research reports. Wall Street Zen cut shares of Electrovaya from a "buy" rating to a "hold" rating in a research report on Monday, July 28th. Zacks Research downgraded Electrovaya from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $6.13.

Electrovaya Trading Down 0.8%

Shares of NASDAQ:ELVA traded down $0.04 during midday trading on Friday, reaching $4.77. 108,801 shares of the company's stock were exchanged, compared to its average volume of 271,453. The stock has a market cap of $191.32 million, a price-to-earnings ratio of 159.05 and a beta of 1.56. Electrovaya has a fifty-two week low of $1.73 and a fifty-two week high of $5.24. The firm's 50 day simple moving average is $4.01 and its two-hundred day simple moving average is $3.11. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.03 and a quick ratio of 3.01.

Electrovaya (NASDAQ:ELVA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). Electrovaya had a return on equity of 6.66% and a net margin of 2.19%.The firm had revenue of $17.13 million during the quarter, compared to analyst estimates of $17.25 million. Electrovaya has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On Electrovaya

Several large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in Electrovaya during the 4th quarter valued at approximately $27,000. Mink Brook Asset Management LLC boosted its holdings in shares of Electrovaya by 4.4% during the second quarter. Mink Brook Asset Management LLC now owns 395,101 shares of the company's stock valued at $1,347,000 after acquiring an additional 16,713 shares during the period. WealthTrust Axiom LLC boosted its holdings in shares of Electrovaya by 5.5% during the second quarter. WealthTrust Axiom LLC now owns 415,604 shares of the company's stock valued at $1,417,000 after acquiring an additional 21,525 shares during the period. Citadel Advisors LLC bought a new position in shares of Electrovaya during the fourth quarter worth about $64,000. Finally, Herald Investment Management Ltd lifted its position in Electrovaya by 7.2% in the 2nd quarter. Herald Investment Management Ltd now owns 1,265,000 shares of the company's stock valued at $4,314,000 after purchasing an additional 85,000 shares during the last quarter. 22.47% of the stock is currently owned by institutional investors.

Electrovaya Company Profile

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.