Shares of Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) reached a new 52-week low during trading on Thursday. The stock traded as low as $8.42 and last traded at $8.83, with a volume of 567,659 shares traded. The stock had previously closed at $9.49.
Analyst Ratings Changes
Several research firms recently weighed in on AEVA. Oppenheimer reaffirmed an "outperform" rating and set a $42.00 target price on shares of Aeva Technologies in a research note on Thursday, August 6th. The Goldman Sachs Group started coverage on shares of Aeva Technologies in a research note on Monday, August 24th. They issued a "neutral" rating and a $20.00 price target on the stock. Weiss Ratings upgraded shares of Aeva Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, September 4th. Wall Street Zen downgraded shares of Aeva Technologies from a "sell" rating to a "strong sell" rating in a report on Saturday, August 8th. Finally, Canaccord Genuity Group raised their price objective on Aeva Technologies from $24.00 to $26.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Aeva Technologies presently has a consensus rating of "Hold" and a consensus price target of $28.75.
Read Our Latest Analysis on Aeva Technologies
Aeva Technologies Trading Down 3.5%
The firm has a market cap of $577.57 million, a P/E ratio of -3.36 and a beta of 2.56. The stock has a 50 day simple moving average of $13.27 and a 200-day simple moving average of $16.78. The company has a current ratio of 7.85, a quick ratio of 7.63 and a debt-to-equity ratio of 3.52.
Insider Activity
In related news, CTO Mina Rezk sold 100,000 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $24.01, for a total value of $2,401,000.00. Following the completion of the transaction, the chief technology officer owned 1,606,669 shares of the company's stock, valued at approximately $38,576,122.69. This trade represents a 5.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Soroush Dardashti sold 30,514 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $24.32, for a total value of $742,100.48. Following the completion of the sale, the chief executive officer directly owned 1,220,808 shares of the company's stock, valued at $29,690,050.56. The trade was a 2.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 509,245 shares of company stock worth $11,731,912. 36.70% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Aeva Technologies
Several hedge funds and other institutional investors have recently modified their holdings of the business. CenterBook Partners LP increased its position in shares of Aeva Technologies by 174.2% during the third quarter. CenterBook Partners LP now owns 481,383 shares of the company's stock worth $6,759,000 after acquiring an additional 305,792 shares during the period. Integrity Alliance LLC. purchased a new stake in Aeva Technologies during the third quarter worth $205,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Aeva Technologies during the 3rd quarter valued at $378,000. Brooklands Fund Management Ltd bought a new stake in Aeva Technologies during the 3rd quarter valued at $23,158,000. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Aeva Technologies by 181.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 97,933 shares of the company's stock valued at $1,375,000 after acquiring an additional 63,078 shares during the period. 62.92% of the stock is currently owned by hedge funds and other institutional investors.
About Aeva Technologies
(
Get Free Report)
Aeva Technologies, Inc develops sensing and perception systems designed to help machines understand their surroundings. The company's core technology is a 4D lidar platform that uses frequency-modulated continuous-wave (FMCW) sensing to measure an object's location, depth, and velocity, supporting applications that require real-time environmental awareness.
Its products include lidar sensors and related perception software for the automotive, industrial, robotics, mapping, and other machine-perception markets.
See Also
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