Aeva Technologies (NASDAQ:AEVA) Shares Up 9.7% – What’s Next?

Aeva Technologies, Inc. (NASDAQ:AEVA)’s share price rose 9.7% during trading on Monday . The company traded as high as $15.53 and last traded at $15.48. Approximately 870,891 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 2,892,607 shares. The stock had previously closed at $14.11.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AEVA shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aeva Technologies in a research report on Monday, December 29th. Canaccord Genuity Group restated a “buy” rating and set a $24.00 price target on shares of Aeva Technologies in a research note on Thursday, December 4th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $26.50.

Aeva Technologies Stock Performance

The company’s 50-day simple moving average is $14.73 and its 200 day simple moving average is $14.74. The stock has a market cap of $960.62 million, a P/E ratio of -3.01 and a beta of 2.09. The company has a current ratio of 4.28, a quick ratio of 2.95 and a debt-to-equity ratio of 7.32.

Insider Activity at Aeva Technologies

In other news, CEO Soroush Salehian Dardashti sold 64,787 shares of Aeva Technologies stock in a transaction on Friday, January 9th. The stock was sold at an average price of $18.85, for a total transaction of $1,221,234.95. Following the sale, the chief executive officer directly owned 1,766,412 shares in the company, valued at $33,296,866.20. The trade was a 3.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Mina Rezk sold 64,787 shares of the business’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $18.85, for a total transaction of $1,221,234.95. Following the completion of the transaction, the chief technology officer directly owned 1,469,760 shares in the company, valued at $27,704,976. This trade represents a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,064,292 shares of company stock valued at $15,170,040. 27.20% of the stock is owned by insiders.

Institutional Trading of Aeva Technologies

Several hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Aeva Technologies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock valued at $96,000 after acquiring an additional 630 shares during the period. The Manufacturers Life Insurance Company boosted its position in Aeva Technologies by 8.4% during the second quarter. The Manufacturers Life Insurance Company now owns 11,467 shares of the company’s stock worth $433,000 after purchasing an additional 884 shares during the period. Quantbot Technologies LP bought a new position in Aeva Technologies during the second quarter worth about $36,000. Total Investment Management Inc. purchased a new position in shares of Aeva Technologies in the second quarter worth about $43,000. Finally, Rockefeller Capital Management L.P. raised its position in shares of Aeva Technologies by 19.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the company’s stock valued at $95,000 after purchasing an additional 1,159 shares during the period. Institutional investors own 62.92% of the company’s stock.

About Aeva Technologies

Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva’s core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company’s FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva’s systems from traditional time-of-flight LiDAR solutions.

Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.