Sylebra Capital Ltd. has recently announced that it has increased stake in Aeva Technologies Inc (NYSE:AEVA) by 0.17%. After grabbing 51.98 million shares, the institutional investor is now in possession of 87209.0 shares of the Technology Company. The new investment brought the stake of investor firm to 23.21% having worth around $29.06 million. Moreover, Sylebra Capital LLC increased its share by 27.1 million to have a control over 27.1 million shares. And Adage Capital Management LP raised its holdings to 12.1 million shares by acquiring 16.23 million shares or 7.24% of the stake.
Aeva Technologies Inc (AEVA) concluded trading on 01/03/24 at a closing price of $1.01, with 10.0 million shares of worth about $10.1 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -12.17% during that period and on Wednesday the price saw a gain of about 38.36%. Currently the company’s common shares owned by public are about 218.75M shares, out of which, 114.30M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 18 times over the past 12 months. They bought 31,401,329 shares in 9 of the transactions. In 9 selling transactions, insiders dumped 774,088 shares.
Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Information Technology I are the top 3 mutual funds which are holding stakes in Aeva Technologies Inc Vanguard Total Stock Market ETF is currently holding 3.93 million shares of worth totaling $2.2 million. The company recently came buying 0.0 shares which brought its stake up to 1.76% of the company’s outstanding shares. iShares Russell 2000 ETF bought 975.0 shares, after which its hold over company’s outstanding shares expand to 0.89%, leaving 1.98 million shares with the mutual fund that have a worth of about $1.11 million. Vanguard Information Technology I, after buying 1.67 million shares, have now control over 0.75% of the stake in the company. It holds 59365.0 shares of worth $0.94 million.
Aeva Technologies Inc (NYSE: AEVA) started trading at $0.78, above $0.05 from concluding price of the previous day. However, the stock later moved at a day high price of 1.0600, or with a gain of 38.36%. Stock saw a price change of 12.50% in past 5 days and over the past one month there was a price change of 79.24%. Year-to-date (YTD), AEVA shares are showing a performance of 33.30% which decreased to -25.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.47 but also hit the highest price of $2.10 during that period. The average intraday trading volume for Aeva Technologies Inc shares is 893.04K. The stock is currently trading 42.29% above its 20-day simple moving average (SMA20), while that difference is up 63.00% for SMA50 and it goes to 4.80% higher than SMA200.
Sylebra Capital Ltd. acquired 51.98 million shares of Aeva Technologies Inc having value of about $29.06 million. Data submitted at the U.S SEC by Sylebra Capital Ltd. revealed that the firm now holds 87209.0 shares in the company valued at close to $88081.09, or have control over 0.17% stake in the company. Aeva Technologies Inc (NYSE: AEVA) currently have 218.75M outstanding shares and institutions hold larger chunk of about 55.60% of that. Holding of mutual funds in the company is about 7.46% while other institutional holders and individual stake holders have control over 75.56% and 48.15% of the stake respectively.
The stock has a current market capitalization of $226.22M. It has posted earnings per share of -$0.67 in the same period. It has Quick Ratio of 16.30 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AEVA, volatility over the week remained 15.41% while standing at 10.44% over the month.
Analysts are in expectations that Aeva Technologies Inc (AEVA) stock would likely to be making an EPS of -$0.15 in the current quarter, while forecast for next quarter EPS is -$0.12 and it is -$0.56 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.17 which is -$0.13 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.2 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 6.32% while it is estimated to increase by 4.12% in next year.
Analysts at 5 brokerage firms have issued recommendations for the Aeva Technologies Inc (AEVA)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.80. Out of those 5 Wall Street analysts, 3 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on July 18, 2022 offering a Neutral rating for the stock and assigned a target price range of between $5 and $3 to it.
