Q3 EPS Estimates for Electrovaya Lifted by Seaport Res Ptn

Electrovaya Inc. (NASDAQ:ELVA - Free Report) - Seaport Res Ptn raised their Q3 2025 earnings per share estimates for Electrovaya in a report released on Monday, May 19th. Seaport Res Ptn analyst J. Campbell now expects that the company will post earnings of $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 announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The company had revenue of $15.02 million for the quarter, compared to analysts' expectations of $15.95 million. Electrovaya had a negative net margin of 3.88% and a negative return on equity of 15.42%.

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

Electrovaya Stock Up 8.9%

Shares of NASDAQ:ELVA opened at $3.31 on Tuesday. The stock has a fifty day simple moving average of $2.60 and a two-hundred day simple moving average of $2.49. The stock has a market capitalization of $132.75 million, a price-to-earnings ratio of -82.75 and a beta of 1.22. Electrovaya has a 12-month low of $1.67 and a 12-month high of $3.44. 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

Several large investors have recently modified their holdings of the company. XTX Topco Ltd bought a new stake in shares of Electrovaya in the fourth quarter worth $27,000. Citadel Advisors LLC bought a new stake in Electrovaya during the fourth quarter valued at about $64,000. Mink Brook Asset Management LLC grew its holdings in 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 purchasing an additional 28,935 shares during the period. AIGH Capital Management LLC grew its holdings in 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 purchasing an additional 77,473 shares during the period. Finally, AMH Equity Ltd bought a new stake in Electrovaya during the first quarter valued at about $231,000. Institutional investors own 22.47% of the company's stock.

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.

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