Electrovaya (NASDAQ:ELVA) Releases Earnings Results, Beats Estimates By $0.01 EPS

Electrovaya (NASDAQ:ELVA) announced its quarterly earnings data on Thursday. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01, Zacks reports. Electrovaya had a negative return on equity of 18.87% and a negative net margin of 3.33%. Electrovaya updated its FY 2025 guidance to EPS.

Electrovaya Stock Performance

Shares of Electrovaya stock opened at $2.44 on Friday. The company has a market capitalization of $97.82 million, a PE ratio of -81.33 and a beta of 1.84. Electrovaya has a 12 month low of $1.67 and a 12 month high of $4.24. The company has a current ratio of 1.03, a quick ratio of 0.69 and a debt-to-equity ratio of 0.22. The stock’s fifty day simple moving average is $2.49 and its 200 day simple moving average is $2.32.

Wall Street Analyst Weigh In

Several brokerages have commented on ELVA. HC Wainwright dropped their price target on Electrovaya from $16.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Raymond James set a $4.50 target price on Electrovaya and gave the stock a “strong-buy” rating in a report on Thursday, January 30th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $6.70.

Electrovaya Company Profile

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.