Seaport Res Ptn Predicts Stronger Earnings for Electrovaya

Electrovaya Inc. (NASDAQ:ELVA) – Research analysts at Seaport Res Ptn boosted their FY2025 EPS estimates for Electrovaya in a report released on Tuesday, February 18th. Seaport Res Ptn analyst J. Campbell now expects that the company will earn $0.14 per share for the year, up from their prior forecast of $0.03. The consensus estimate for Electrovaya’s current full-year earnings is $0.08 per share. Seaport Res Ptn also issued estimates for Electrovaya’s Q4 2025 earnings at $0.02 EPS and FY2026 earnings at $0.49 EPS.

ELVA has been the subject of several other reports. Raymond James set a $4.50 price objective on shares of Electrovaya and gave the company a “strong-buy” rating in a research report on Thursday, January 30th. Roth Mkm reissued a “buy” rating and set a $5.00 target price (up previously from $4.00) on shares of Electrovaya in a research report on Friday, February 14th. Finally, HC Wainwright restated a “buy” rating and set a $10.00 price target on shares of Electrovaya in a research note on Friday, February 14th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $6.10.

Electrovaya Price Performance

ELVA opened at $2.39 on Thursday. The stock has a market cap of $95.81 million, a P/E ratio of -59.75 and a beta of 1.84. Electrovaya has a 52-week low of $1.67 and a 52-week high of $4.24. The company has a quick ratio of 0.69, a current ratio of 1.03 and a debt-to-equity ratio of 0.22. The business has a fifty day moving average of $2.47 and a 200 day moving average of $2.32.

Electrovaya (NASDAQ:ELVA) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. Electrovaya had a negative net margin of 3.88% and a negative return on equity of 21.25%.

Hedge Funds Weigh In On Electrovaya

Several large investors have recently modified their holdings of the business. XTX Topco Ltd purchased a new position in Electrovaya in the fourth quarter valued at $27,000. Citadel Advisors LLC purchased a new stake in shares of Electrovaya during the 4th quarter worth approximately $64,000. AIGH Capital Management LLC grew its holdings in shares of Electrovaya by 3.2% during the fourth quarter. AIGH Capital Management LLC now owns 2,525,099 shares of the company’s stock worth $6,262,000 after purchasing an additional 77,473 shares during the last quarter. WealthTrust Axiom LLC grew its stake in Electrovaya by 181.2% during the 4th quarter. WealthTrust Axiom LLC now owns 168,450 shares of the company’s stock worth $418,000 after buying an additional 108,550 shares during the last quarter. Finally, Manatuck Hill Partners LLC acquired a new position in shares of Electrovaya in the 4th quarter valued at $434,000. Institutional investors and hedge funds own 22.47% of the company’s stock.

About Electrovaya

Electrovaya Inc engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It offers lithium-ion batteries and systems for materials handling electric vehicles, including forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as competencies in building systems for third parties.