Losing 9% Weekly AEVA Stock On Race to Become Top Loser

• 1 Aeva Technologies Inc. (NYSE: AEVA) stock lost 4.84% of its trading price on July 27. 
• 2 AEVA stock lost approximately 9.23% and 6.35% in the weekly and monthly time frames respectively.

Aeva Technologies Inc. (NYSE: AEVA) stock lost 4.84% of its trading price on the July 27 trading session. AEVA opened at $1.27, lowered to $1.16 and hit a high at $1.29. The stock closed at $1.18 with intraday trading volume of 604.624k.

AEVA stock lost approximately 9.23% and 6.35% in the weekly and monthly time frames. However, in the 52 weeks trading session, the highest price was $4.64 and the lowest trading price was $0.89.

As per estimates, the annual price target of AEVA stock is $2.40, which is around 103.39% higher than current trading price. In the last trading session, sellers were more active than buyers.

From the beginning of July till press time, AEVA stock seems to be consolidating between the range between $1.05 to $1.51. After analysing the stock’s technical aspects, it is noted that if buyers succeed in overruling sellers in the coming times, the stock might face immediate resistance of $1.51.

On the other hand, if sellers overruled buyers, then the stock might slip below $1 and face immediate support of $0.9600. It is assumed that the stock price might reflect a slight upward movement on August 9, 2023.

Aeva Technologies Inc. Earnings & Revenue 

In Q1 2023, Aeva Technologies Inc. impressed its investors by reporting 38.55% more revenue than the estimated figures. As per estimates, the company was supposed to report $828.57k, but it reported $1.15 Million.

For Q2 and Q3, the company’s estimated revenue is $714.29k and $1.20 Million, respectively. In Q1 2023, the earnings per share (EPS) of Aeva Technologies, Inc. reflected a positive movement and reported 11.11% more EPS than the estimated figure.

From the reported revenue of Q1, the company’s net income was -$35.17 million, with a profit margin of -3063.94%.

According to TradingView, the company’s financial backers closely hold 116.763 Million AEVA shares or the board of directors, and the remaining 103.598 Million shares are free floating. 

Institutional investors own a minority stake in AEVA by owning 38.73% of the company’s outstanding shares. 8.64% of AEVA is owned by other institutions, as opposed to 44.80% held by mutual funds. 

Disclaimer 

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