Aeva Technologies (AEVA) to Release Earnings on Tuesday

Aeva Technologies (NYSE:AEVA - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($1.38) per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Aeva Technologies (NYSE:AEVA - Get Free Report) last released its earnings results on Tuesday, March 5th. The company reported ($0.70) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.75) by $0.05. The company had revenue of $1.61 million for the quarter, compared to analyst estimates of $1.59 million. Aeva Technologies had a negative net margin of 3,463.20% and a negative return on equity of 52.88%. 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 3.4 %

Aeva Technologies stock traded down $0.11 during mid-day trading on Tuesday, reaching $3.13. 256,016 shares of the company's stock were exchanged, compared to its average volume of 345,160. The company has a market cap of $165.14 million, a P/E ratio of -1.00 and a beta of 1.40. Aeva Technologies has a twelve month low of $2.33 and a twelve month high of $7.60. The company has a fifty day moving average of $4.32 and a 200-day moving average of $3.97.

Insider Activity

In other news, CEO Soroush Salehian Dardashti sold 33,147 shares of the firm's stock in a transaction on Monday, March 25th. The shares were sold at an average price of $3.95, for a total value of $130,930.65. Following the sale, the chief executive officer now directly owns 4,525,554 shares in the company, valued at approximately $17,875,938.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have sold 176,729 shares of company stock worth $756,557. 34.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Aeva Technologies to $5.10 and gave the stock an "equal weight" rating in a report on Tuesday, March 19th. Roth Mkm increased their target price on shares of Aeva Technologies from $5.00 to $7.50 and gave the stock a "buy" rating in a report on Wednesday, January 10th. Finally, Oppenheimer reiterated an "outperform" rating and set a $25.00 target price on shares of Aeva Technologies in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $11.90.

Aeva Technologies Company Profile

Aeva Technologies, Inc engages in the design, manufacturing, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in the United States, Thailand, Europe, the Middle East, and Asia. The company develops its products using frequency modulated continuous wave sensing technology.