Electrovaya Inc. (NASDAQ:ELVA – Get Free Report) has received a consensus rating of “Buy” from the five ratings firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $8.75.
ELVA has been the subject of a number of analyst reports. Craig Hallum reduced their price objective on shares of Electrovaya from $9.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. HC Wainwright reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Electrovaya in a research report on Wednesday, August 14th. Finally, Alliance Global Partners started coverage on Electrovaya in a research note on Thursday, September 26th. They set a “buy” rating and a $5.00 target price on the stock.
View Our Latest Research Report on ELVA
Electrovaya Price Performance
Electrovaya (NASDAQ:ELVA – Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.06). Electrovaya had a negative return on equity of 8.02% and a negative net margin of 1.34%. The company had revenue of $10.27 million during the quarter, compared to the consensus estimate of $17.84 million. Equities research analysts forecast that Electrovaya will post -0.05 EPS for the current fiscal year.
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.
Featured Articles
- Five stocks we like better than Electrovaya
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Is Spotify Stock Poised to Soar? Options Traders Think So
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- Which Wall Street Analysts are the Most Accurate?
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
Receive News & Ratings for Electrovaya Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electrovaya and related companies with MarketBeat.com's FREE daily email newsletter.