Seaport Res Ptn Predicts Increased Earnings for Electrovaya

Electrovaya Inc. (NASDAQ:ELVA - Free Report) - Stock analysts at Seaport Res Ptn upped their Q3 2025 earnings per share estimates for shares of Electrovaya in a research report issued to clients and investors on Monday, May 19th. Seaport Res Ptn analyst J. Campbell now anticipates that the company will earn $0.07 per share for the quarter, up from their prior estimate of $0.06. The consensus estimate for Electrovaya's current full-year earnings is $0.10 per share. Seaport Res Ptn also issued estimates for Electrovaya's Q4 2025 earnings at $0.04 EPS, FY2025 earnings at $0.15 EPS, Q2 2026 earnings at $0.11 EPS, Q4 2026 earnings at $0.20 EPS and FY2026 earnings at $0.50 EPS.

Electrovaya (NASDAQ:ELVA - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Electrovaya had a negative net margin of 3.88% and a negative return on equity of 15.42%. The company had revenue of $15.02 million for the quarter, compared to analysts' expectations of $15.95 million.

Several other analysts have also weighed in on the company. Raymond James set a $4.50 price target on Electrovaya and gave the company a "strong-buy" rating in a report 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 target price (up previously from $4.00) on shares of Electrovaya in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $6.10.

Electrovaya Trading Down 0.3%

NASDAQ:ELVA traded down $0.01 during midday trading on Tuesday, hitting $3.10. 52,109 shares of the company traded hands, compared to its average volume of 54,418. The firm's fifty day moving average is $2.65 and its 200-day moving average is $2.52. Electrovaya has a 12-month low of $1.67 and a 12-month high of $3.44. The firm has a market capitalization of $124.33 million, a P/E ratio of -77.50 and a beta of 1.22. The company has a current ratio of 1.55, a quick ratio of 0.69 and a debt-to-equity ratio of 0.08.

Institutional Trading of Electrovaya

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AIGH Capital Management LLC increased its stake in shares of Electrovaya by 3.2% during the fourth quarter. AIGH Capital Management LLC now owns 2,525,099 shares of the company's stock valued at $6,262,000 after buying an additional 77,473 shares during the period. Polar Asset Management Partners Inc. purchased a new position in shares of Electrovaya during the fourth quarter valued at $5,372,000. Herald Investment Management Ltd increased its stake in shares of Electrovaya by 372.0% during the fourth quarter. Herald Investment Management Ltd now owns 1,180,000 shares of the company's stock valued at $2,856,000 after buying an additional 930,000 shares during the period. WealthTrust Axiom LLC increased its stake in shares of Electrovaya by 133.9% during the first quarter. WealthTrust Axiom LLC now owns 394,079 shares of the company's stock valued at $910,000 after buying an additional 225,629 shares during the period. Finally, Mink Brook Asset Management LLC increased its stake in shares of Electrovaya by 8.3% during the first quarter. Mink Brook Asset Management LLC now owns 378,388 shares of the company's stock valued at $874,000 after buying an additional 28,935 shares during the period. Hedge funds and other institutional investors own 22.47% of the company's stock.

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.