Aeva Technologies (NYSE:AEVA) Shares Gap Down to $4.32

Aeva Technologies, Inc. (NYSE:AEVAGet Rating)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $4.32, but opened at $4.00. Aeva Technologies shares last traded at $4.22, with a volume of 6,253 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AEVA shares. Credit Suisse Group started coverage on shares of Aeva Technologies in a research report on Thursday, April 14th. They issued an “outperform” rating and a $6.00 target price for the company. Piper Sandler boosted their target price on shares of Aeva Technologies from $3.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday.

Aeva Technologies Stock Performance

The company’s 50-day moving average is $3.28 and its two-hundred day moving average is $3.81.

Aeva Technologies (NYSE:AEVAGet Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.16) earnings per share for the quarter, hitting the consensus estimate of ($0.16). Aeva Technologies had a negative net margin of 1,407.47% and a negative return on equity of 26.45%. During the same quarter in the previous year, the business earned ($0.11) earnings per share. On average, analysts expect that Aeva Technologies, Inc. will post -0.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sylebra Capital Ltd lifted its holdings in shares of Aeva Technologies by 1.6% in the first quarter. Sylebra Capital Ltd now owns 26,828,400 shares of the company’s stock worth $116,167,000 after acquiring an additional 418,864 shares during the last quarter. Canaan Partners XI LLC bought a new position in shares of Aeva Technologies in the fourth quarter worth about $139,748,000. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Aeva Technologies by 3.8% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 6,782,374 shares of the company’s stock worth $51,275,000 after acquiring an additional 249,545 shares during the last quarter. FIFTHDELTA Ltd lifted its holdings in shares of Aeva Technologies by 139.3% in the first quarter. FIFTHDELTA Ltd now owns 2,829,216 shares of the company’s stock worth $12,251,000 after acquiring an additional 1,646,804 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Aeva Technologies by 3.7% in the first quarter. State Street Corp now owns 2,828,509 shares of the company’s stock worth $12,247,000 after acquiring an additional 101,408 shares during the last quarter. Institutional investors own 48.16% of the company’s stock.

About Aeva Technologies

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Aeva Technologies, Inc, through its frequency modulated continuous wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that enables the adoption of LiDAR across various applications. from automated driving to consumer electronics, consumer health, industrial automation, and security application.

Further Reading

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