On Monday, Electrovaya, Inc (NASDAQ: ELVA) opened higher 10.62% from the last session, before settling in for the closing price of $6.78. Price fluctuations for ELVA have ranged from $1.80 to $7.72 over the past 52 weeks.
A company in the Industrials sector has jumped its sales by 13.11% annually for the last half of the decade. Company’s average yearly earnings per share was noted 40.61% at the time writing. With a float of $33.87 million, this company’s outstanding shares have now reached $42.11 million.
Electrovaya, Inc (ELVA) Insider Updates
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 28.71%, while institutional ownership is 12.50%.
Electrovaya, Inc (ELVA) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 12/31/2024, the company posted -0.01 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.03) by 0.02. 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 40.61% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 88.21% during the next five years compared to 13.11% growth over the previous five years of trading.
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 2.93. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.58.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.08, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach 0.24 in one year’s time.
Technical Analysis of Electrovaya, Inc (ELVA)
Let’s dig in a bit further. During the last 5-days, its volume was 0.55 million. That was better than the volume of 0.28 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 83.24%.
During the past 100 days, Electrovaya, Inc’s (ELVA) raw stochastic average was set at 93.95%, which indicates a significant decrease from 98.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.57 in the past 14 days, which was higher than the 0.42 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.77, while its 200-day Moving Average is $4.44. However, in the short run, Electrovaya, Inc’s stock first resistance to watch stands at $7.76. Second resistance stands at $8.02. The third major resistance level sits at $8.50. If the price goes on to break the first support level at $7.02, it is likely to go to the next support level at $6.53. Assuming the price breaks the second support level, the third support level stands at $6.27.
Electrovaya, Inc (NASDAQ: ELVA) Key Stats
There are currently 47,514K shares outstanding in the company with a market cap of 356.32 million. Presently, the company’s annual sales total 63,830 K according to its annual income of 3,360 K. Last quarter, the company’s sales amounted to 20,510 K and its income totaled 2,050 K.
