Aeva Technologies, Inc. (NYSE:AEVA) Expected to Post Quarterly Sales of $2.43 Million

Equities analysts expect Aeva Technologies, Inc. (NYSE:AEVA) to report sales of $2.43 million for the current quarter, Zacks reports. Three analysts have made estimates for Aeva Technologies’ earnings, with estimates ranging from $1.60 million to $3.00 million. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 9th.

On average, analysts expect that Aeva Technologies will report full-year sales of $9.40 million for the current fiscal year, with estimates ranging from $8.00 million to $11.10 million. For the next fiscal year, analysts forecast that the company will post sales of $34.42 million, with estimates ranging from $33.00 million to $35.48 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Aeva Technologies.

Aeva Technologies (NYSE:AEVA) last posted its quarterly earnings data on Wednesday, November 10th. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.03).

A number of research analysts have recently weighed in on AEVA shares. Craig Hallum reduced their target price on shares of Aeva Technologies from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, November 11th. Zacks Investment Research raised shares of Aeva Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, August 17th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $18.57.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. boosted its holdings in Aeva Technologies by 201.7% in the 3rd quarter. American International Group Inc. now owns 41,978 shares of the company’s stock worth $333,000 after buying an additional 28,064 shares during the period. Bank of New York Mellon Corp boosted its holdings in Aeva Technologies by 151.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 319,590 shares of the company’s stock worth $2,538,000 after buying an additional 192,480 shares during the period. Sylebra Capital Ltd boosted its holdings in Aeva Technologies by 2.7% in the 3rd quarter. Sylebra Capital Ltd now owns 26,049,561 shares of the company’s stock worth $206,834,000 after buying an additional 680,391 shares during the period. Squarepoint Ops LLC bought a new position in Aeva Technologies in the 3rd quarter worth approximately $134,000. Finally, Twinbeech Capital LP bought a new position in Aeva Technologies in the 3rd quarter worth approximately $81,000. 37.16% of the stock is owned by institutional investors.

Shares of Aeva Technologies stock traded up $0.31 on Thursday, reaching $9.91. 1,713,291 shares of the company traded hands, compared to its average volume of 1,517,837. Aeva Technologies has a 52 week low of $7.05 and a 52 week high of $21.83. The company has a 50 day moving average of $8.35 and a 200 day moving average of $9.19.

Aeva Technologies Company Profile

Aeva Technologies, Inc, through its frequency modulated continuous wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that enables the adoption of LiDAR across various applications. The company is based in Mountain View, California.

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Earnings History and Estimates for Aeva Technologies (NYSE:AEVA)

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