Sylebra Capital Ltd. recently announced the acquisition of new stake in Aeva Technologies Inc (NYSE:AEVA). The institutional investor has increased its shareholding in the Technology company by 0.17% to 51.98 million shares with purchase of 87209.0 shares. This fresh investment now brings its stake to 23.21% valued currently at $29.06 million. In addition, Sylebra Capital LLC raised its holdings by 27.1 million to 27.1 million shares. And Adage Capital Management LP has lifted its position by 293.06% or 12.1 million shares – to 16.23 million shares.
With over 4.34 million Aeva Technologies Inc (AEVA) shares trading Tuesday and a closing price of $1.00 on the day, the dollar volume was approximately $4.34 million. The shares have shown a negative half year performance of -27.01% and its price on 01/09/24 lost nearly -14.53%. Currently, there are 218.75M common shares owned by the public and among those 114.36M shares have been available to trade.
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Insiders at the company have transacted a total of 17 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 8 of these insider trades were purchases, accounting for 30,601,329 shares. Insider sales of the common stock occurred on 9 occasions, with total insider shares sold totaling 774,088 shares.
The top 3 mutual fund holders in Aeva Technologies Inc are Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Information Technology I. Vanguard Total Stock Market ETF owns 3.93 million shares of the company’s stock, all valued at over $2.2 million. iShares Russell 2000 ETF bought 975.0 shares to see its total holdings expand to 1.98 million shares valued at over $1.11 million and representing 0.89% of the shares outstanding. Vanguard Information Technology I bought 59365.0 shares to bring its total holdings to over 1.67 million shares at a value of $0.94 million. Vanguard Information Technology I now owns shares totaling to 0.75% of the shares outstanding.
Shares of Aeva Technologies Inc (NYSE: AEVA) opened at $1.23, up $0.06 from a prior closing price of $1.17. However, the script later moved the day high at 1.2500, down -14.53%. The company’s stock has a 5-day price change of 36.99% and 38.91% over the past three months. AEVA shares are trading 31.98% year to date (YTD), with the 12-month market performance down to -21.26% lower. It has a 12-month low price of $0.47 and touched a high of $2.10 over the same period. AEVA has an average intraday trading volume of 1.14 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 22.93%, 51.65%, and 4.72% respectively.
Institutional ownership of Aeva Technologies Inc (NYSE: AEVA) shares accounts for 55.60% of the company’s 218.75M shares outstanding. Mutual fund holders own 7.46%, while other institutional holders and individual stakeholders account for 75.56% and 48.14% respectively.
It has a market capitalization of $223.98M. The earnings-per-share (ttm) stands at -$0.67. Price movements for the stock have been influenced by the stock’s volatility, which stands at 23.18% over the week and 13.10% over the month.
Analysts forecast that Aeva Technologies Inc (AEVA) will achieve an EPS of -$0.15 for the current quarter, -$0.12 for the next quarter and -$0.56 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.17 while analysts give the company a high EPS estimate of -$0.13. Comparatively, EPS for the current quarter was -$0.2 a year ago. Earnings per share for the fiscal year are expected to increase by 6.32%, and 4.12% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Aeva Technologies Inc (AEVA) as a “Strong Buy” at a consensus score of 1.80. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 2 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the AEVA, a number of firms have released research notes about the stock. Piper Sandler stated their Neutral rating for the stock in a research note on July 18, 2022, with the firm’s price target at $5-$3.
