On Tuesday, Electrovaya, Inc (NASDAQ: ELVA) opened lower -5.74% from the last session, before settling in for the closing price of $5.4. Price fluctuations for ELVA have ranged from $1.73 to $7.72 over the past 52 weeks.
During the last 5-year period, the sales growth of Industrials Sector giant was 19.90%. Company’s average yearly earnings per share was noted 354.06% at the time writing. With a float of $26.50 million, this company’s outstanding shares have now reached $40.11 million.
Electrovaya, Inc (ELVA) Insider Activity
A key investor’s attitude towards the stock of the Electrical Equipment & Parts industry is another important factor to consider. The insider ownership of Electrovaya, Inc is 33.92%, while institutional ownership is 15.15%.
Electrovaya, Inc (ELVA) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.01) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 354.06% per share during the next fiscal year.
Electrovaya, Inc (NASDAQ: ELVA) Trading Performance Indicators
Check out the current performance indicators for Electrovaya, Inc (ELVA). In the past quarter, the stock posted a quick ratio of 2.88. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.03, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 0.23 in one year’s time.
Technical Analysis of Electrovaya, Inc (ELVA)
Looking closely at Electrovaya, Inc (NASDAQ: ELVA), its last 5-days average volume was 1.13 million, which is a jump from its year-to-date volume of 0.22 million. As of the previous 9 days, the stock’s Stochastic %D was 15.04%.
During the past 100 days, Electrovaya, Inc’s (ELVA) raw stochastic average was set at 42.96%, which indicates a significant increase from 4.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.43 in the past 14 days, which was higher than the 0.37 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.32, while its 200-day Moving Average is $4.02. However, in the short run, Electrovaya, Inc’s stock first resistance to watch stands at $5.30. Second resistance stands at $5.52. The third major resistance level sits at $5.65. If the price goes on to break the first support level at $4.95, it is likely to go to the next support level at $4.82. Should the price break the second support level, the third support level stands at $4.60.
Electrovaya, Inc (NASDAQ: ELVA) Key Stats
There are currently 42,109K shares outstanding in the company with a market cap of 204.16 million. Presently, the company’s annual sales total 44,620 K according to its annual income of -1,490 K. Last quarter, the company’s sales amounted to 17,130 K and its income totaled 910 K.
