The stock has a 36-month beta value of 1.49. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ELVA is 22.71M, and at present, short sellers hold a 0.27% of that float. On November 26, 2024, the average trading volume of ELVA was 25.13K shares.
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ELVA) stock’s latest price update
The stock price of Electrovaya, Inc (NASDAQ: ELVA) has jumped by 15.25 compared to previous close of 2.36. Despite this, the company has seen a gain of 14.29% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-25 that Electrovaya’s Infinity Battery, with its superior cycle life and safety profile, is significantly undervalued by the market, presenting a strong buy opportunity. The company’s strategic focus on heavy-duty applications and recent design wins in multiple verticals signal a prolonged growth stage. The Sumitomo agreement and the upcoming Jamestown facility build-out are game-changers, positioning Electrovaya for exponential growth.
ELVA’s Market Performance
Electrovaya, Inc (ELVA) has experienced a 14.29% rise in stock performance for the past week, with a 27.70% rise in the past month, and a 33.33% rise in the past quarter. The volatility ratio for the week is 10.89%, and the volatility levels for the past 30 days are at 10.33% for ELVA. The simple moving average for the past 20 days is 22.02% for ELVA’s stock, with a -2.29% simple moving average for the past 200 days.
Analysts’ Opinion of ELVA
Many brokerage firms have already submitted their reports for ELVA stocks, with ROTH MKM repeating the rating for ELVA by listing it as a “Buy.” The predicted price for ELVA in the upcoming period, according to ROTH MKM is $8 based on the research report published on March 06, 2024 of the current year 2024.
ELVA Trading at 21.55% from the 50-Day Moving Average
After a stumble in the market that brought ELVA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.64% of loss for the given period.
Volatility was left at 10.33%, however, over the last 30 days, the volatility rate increased by 10.89%, as shares surge +29.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.71% upper at present.
During the last 5 trading sessions, ELVA rose by +14.29%, which changed the moving average for the period of 200-days by -35.85% in comparison to the 20-day moving average, which settled at $2.23. In addition, Electrovaya, Inc saw -11.11% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ELVA
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.29 for the gross margin
The net margin for Electrovaya, Inc stands at -0.03. The total capital return value is set at 0.23. Equity return is now at value -22.23, with -4.24 for asset returns.
Based on Electrovaya, Inc (ELVA), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at -0.12. The debt to equity ratio resting at 2.38. The interest coverage ratio of the stock is 1.2.
Currently, EBITDA for the company is -0.32 million with net debt to EBITDA at 17.25. When we switch over and look at the enterprise to sales, we see a ratio of 2.36. The receivables turnover for the company is 5.87for trailing twelve months and the total asset turnover is 1.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
To sum up, Electrovaya, Inc (ELVA) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
