Electrovaya, Inc. (ELVA) last year’s performance of -8.32% is a clear signal for an entertaining trading season.

A new trading day began on Friday, with Electrovaya, Inc. (NASDAQ: ELVA) stock price up 4.24% from the previous day of trading, before settling in for the closing price of $11.00. ELVA’s price has ranged from $2.34 to $5.50 over the past 52 weeks.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 74.96%. Meanwhile, its annual earnings per share averaged 275.00%. With a float of $22.14 million, this company’s outstanding shares have now reached $33.83 million.

Electrovaya, Inc. (ELVA) Breakdown of a Key Holders of the stock

As we move forward, let’s examine how large-scale investors are investing in this stock of the Electrical Equipment & Parts Industry. The insider ownership of Electrovaya, Inc. is 34.56%, while institutional ownership is 13.39%.

Electrovaya, Inc. (ELVA) Recent Fiscal highlights

In its latest quarterly report, released on 9/29/2023, the company reported earnings of $0.02 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.03 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 275.00% per share during the next fiscal year.

Electrovaya, Inc. (NASDAQ: ELVA) Trading Performance Indicators

Here are Electrovaya, Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.66. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.26.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.11, a number that is poised to hit 0.00 in the next quarter and is forecasted to reach 0.31 in one year’s time.

Technical Analysis of Electrovaya, Inc. (ELVA)

Compared to the last year’s volume of 74143.0, its volume of 0.16 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 91.11%. Additionally, its Average True Range was 0.30.

During the past 100 days, Electrovaya, Inc.’s (ELVA) raw stochastic average was set at 84.75%, which indicates a significant decrease from 89.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.80% in the past 14 days, which was lower than the 74.25% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.38, while its 200-day Moving Average is $3.46. Nevertheless, the first resistance level for the watch stands at $4.43 in the near term. At $4.62, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.89. If the price goes on to break the first support level at $3.97, it is likely to go to the next support level at $3.70. Now, if the price goes above the second support level, the third support stands at $3.51.

Electrovaya, Inc. (NASDAQ: ELVA) Key Stats

With a market capitalization of 143.44 million, the company has a total of 33,843K Shares Outstanding. Currently, annual sales are 44,060 K while annual income is -1,480 K. The company’s previous quarter sales were 15,290 K while its latest quarter income was 1,980 K.