Aeva Technologies Inc. (NYSE:AEVA) marked $0.85 per share on Monday, down from a previous closing price of $0.85. While Aeva Technologies Inc. has underperformed by -0.26%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AEVA fell by -68.62%, with highs and lows ranging from $2.66 to $0.85, whereas the simple moving average fell by -35.42% in the last 200 days.
On July 18, 2022, Piper Sandler Downgraded Aeva Technologies Inc. (NYSE: AEVA) to Neutral.
Analysis of Aeva Technologies Inc. (AEVA)
Further, the quarter-over-quarter decrease in sales is -53.30%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Aeva Technologies Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -47.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 18.40, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 914.53K can be a very valuable indicator of volatility for AEVA stock. On a monthly basis, the volatility of the stock is set at 6.10%, whereas on a weekly basis, it is put at 6.14%, with a loss of -7.55% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.49, showing growth from the present price of $0.85, which can serve as yet another indication of whether AEVA is worth investing in or should be passed over.
How Do You Analyze Aeva Technologies Inc. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 41.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in AEVA shares?
The recent increase in stakes in AEVA appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc. made another increased to its shares in AEVA during the first quarter, upping its stake by 2.17%. During the last quarter, the company dropped down 176,527 additional shares for a total stake of worth $7.83 million, bringing number of shares owned by the company to 8,298,325.
During the first quarter, BlackRock Fund Advisors subtracted a -468,932 position in AEVA. Adage Capital Management LP sold an additional -0.12 million shares in the last quarter, decreasing its holdings by -2.91%, now holding 4.13 million shares worth $3.89 million. At the end of the first quarter, SSgA Funds Management, Inc. increased its AEVA holdings by 2.95% and now holds 2.88 million AEVA shares valued at $2.71 million with the added 82319.0 shares during the period. AEVA shares are owned by institutional investors to the tune of 41.50% at present.