NASDAQ:ELVA Electrovaya (ELVA) Stock Price, News & Analysis → The Best AI Stock to Own in the World Today is Trading for Just $25 (From Banyan Hill Publishing) (Ad) Free ELVA Stock Alerts $3.14 -0.09 (-2.79%) (As of 04/29/2024 ET) Add Compare Share Share Today's Range$3.14▼$3.3550-Day Range$2.94▼$4.1152-Week Range$2.34▼$5.50Volume36,847 shsAverage Volume44,326 shsMarket Capitalization$106.40 millionP/E Ratio157.08Dividend YieldN/APrice Target$11.33 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestSocial Media Get Electrovaya alerts: Email Address Electrovaya MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside260.9% Upside$11.33 Price TargetShort InterestHealthy0.23% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.16Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth211.11%From $0.18 to $0.56 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.89 out of 5 starsComputer And Technology Sector308th out of 588 stocksMiscellaneous Electrical Machinery, Equipment, & Supplies Industry9th out of 27 stocks 3.5 Analyst's Opinion Consensus RatingElectrovaya has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageElectrovaya has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.23% of the float of Electrovaya has been sold short.Short Interest Ratio / Days to CoverElectrovaya has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Electrovaya has recently increased by 25.50%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldElectrovaya does not currently pay a dividend.Dividend GrowthElectrovaya does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ELVA. Previous Next 1.8 News and Social Media Coverage News SentimentElectrovaya has a news sentiment score of 0.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.38 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Electrovaya this week, compared to 1 article on an average week.MarketBeat FollowsOnly 2 people have added Electrovaya to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Electrovaya insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 22.47% of the stock of Electrovaya is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Electrovaya are expected to grow by 211.11% in the coming year, from $0.18 to $0.56 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Electrovaya is 157.08, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 137.27.Price to Earnings Ratio vs. SectorThe P/E ratio of Electrovaya is 157.08, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 216.10.Price to Book Value per Share RatioElectrovaya has a P/B Ratio of 14.27. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad DTIA new way to collect income from stocksMost people think of BUYING options when they talk about options. It’s how speculators leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time. The problem is - they don’t always pay off when you buy them. In fact, a contributing writer at the Financial Post studied options extensively… Click here to see me place one of these trades LIVE on camera. About Electrovaya Stock (NASDAQ:ELVA)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. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was incorporated in 1996 and is headquartered in Mississauga, Canada.Read More ELVA Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ELVA Stock News HeadlinesApril 29, 2024 | theglobeandmail.comMajor Trading Company Subsidiary Signs Battery Supply DealApril 29, 2024 | msn.comElectrovaya signs supply deal with Sumitomo for its lithium-ion battery productsApril 29, 2024 | True Market Insiders (Ad)The “Next Bitcoin”? 10 CENT Crypto Set to ExplodeThe man who bought Bitcoin and Ethereum in 2017… and has spotted 44 different coins that have returned over 100%... Is now exposing a 10-cent coin that just partnered with Amazon…April 22, 2024 | finance.yahoo.comCan Electrovaya Inc. (TSE:ELVA) Improve Its Returns?April 19, 2024 | finanznachrichten.deElectrovaya, Inc.: Electrovaya to Host a Battery Technology & Investor DayApril 1, 2024 | finance.yahoo.comWe Like These Underlying Return On Capital Trends At Electrovaya (TSE:ELVA)March 1, 2024 | theglobeandmail.comElectrovaya: Top 25 Performing Stocks Year-to-Date on Toronto Stock Exchange (ELVA)February 27, 2024 | finanznachrichten.deElectrovaya, Inc.: Electrovaya Announces Receipt of UL Functional Safety Approval for Next Generation Battery Management SystemApril 29, 2024 | True Market Insiders (Ad)The “Next Bitcoin”? 10 CENT Crypto Set to ExplodeThe man who bought Bitcoin and Ethereum in 2017… and has spotted 44 different coins that have returned over 100%... Is now exposing a 10-cent coin that just partnered with Amazon…February 14, 2024 | finanznachrichten.deElectrovaya, Inc.: Electrovaya Announces Increase in Credit Facility to C$22 millionFebruary 14, 2024 | msn.comElectrovaya increases credit facility to C$22MFebruary 12, 2024 | finanznachrichten.deElectrovaya, Inc.: Electrovaya Reports Revenue of $12.1 Million for Q1 FY2024; Up 41% Y/YFebruary 12, 2024 | finance.yahoo.comElectrovaya Reports Revenue of $12.1 Million for Q1 FY2024; Up 41% Y/YJanuary 22, 2024 | seekingalpha.comElectrovaya: Decent Growth Prospects But Too Many Red FlagsJanuary 5, 2024 | markets.businessinsider.comElectrovaya: Sustained Growth and Positive Future Outlook Justify Buy RatingJanuary 5, 2024 | finance.yahoo.comAll You Need to Know About Electrovaya Inc. (ELVA) Rating Upgrade to Strong BuyJanuary 5, 2024 | finance.yahoo.comElectrovaya to Participate in the iAccess Alpha Tax Loss Recovery Summit 2024 - Buyside Best Ideas Virtual Conference on January 9th and 10th, 2024January 3, 2024 | finanznachrichten.deElectrovaya, Inc.: Electrovaya Reports Record Revenue of $44.1 Million for Fiscal Year 2023; Up 171% Y/YJanuary 3, 2024 | finance.yahoo.comElectrovaya Reports Record Revenue of $44.1 Million for Fiscal Year 2023; Up 171% Y/YDecember 22, 2023 | finance.yahoo.comElectrovaya Announces Potential Delay In Filing Year-End Reporting DocumentsNovember 8, 2023 | finance.yahoo.comElectrovaya Named One of Canada's Clean Technology Winners in Deloitte's Technology Fast 50TM ProgramNovember 7, 2023 | msn.comElectrovaya wins additional $8M battery order from existing Fortune 100 customerNovember 6, 2023 | finance.yahoo.comThe 11% return this week takes Electrovaya's (TSE:ELVA) shareholders five-year gains to 291%October 30, 2023 | finance.yahoo.comElectrovaya to attend the Gabelli Funds - 47th Annual Automotive Symposium, the UBS - Industrials Summit and the Craig-Hallum - Alpha Select ConferenceOctober 26, 2023 | benzinga.comElectrovaya Stock (NASDAQ:ELVA), Analyst Ratings, Price Targets, PredictionsOctober 24, 2023 | finance.yahoo.comElectrovaya Appoints Steven Berkenfeld to its Board of DirectorsOctober 3, 2023 | finance.yahoo.comElectrovaya's Preliminary FY2023 Revenue of $42.2 Million, Up 113% Y/YSee More Headlines Receive ELVA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Electrovaya and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/13/2024Today4/29/2024Fiscal Year End9/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Miscellaneous electrical machinery, equipment, & supplies Sub-IndustryN/A Current SymbolNASDAQ:ELVA Previous SymbolNASDAQ:ELVA CUSIPN/A CIK1844450 Webelectrovaya.com Phone905-855-4610FaxN/AEmployees97Year FoundedN/APrice Target and Rating Average Stock Price Target$11.33 High Stock Price Target$16.00 Low Stock Price Target$8.00 Potential Upside/Downside+243.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$0.02 Trailing P/E Ratio165.08 Forward P/E Ratio18.33 P/E GrowthN/ANet Income$-1,480,000.00 Net Margins1.79% Pretax Margin0.48% Return on Equity12.44% Return on Assets2.40% Debt Debt-to-Equity Ratio0.30 Current Ratio0.98 Quick Ratio0.61 Sales & Book Value Annual Sales$43.37 million Price / Sales2.58 Cash FlowN/A Price / Cash FlowN/A Book Value$0.22 per share Price / Book15.00Miscellaneous Outstanding Shares33,885,000Free FloatN/AMarket Cap$111.82 million OptionableNot Optionable BetaN/A The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.Get This Free Report Key ExecutivesDr. Sankar Das Gupta DIC (Age 73)Ph.D., Executive Chairman Comp: $221.6kDr. Rajshekar Das Gupta Ph.D.CEO & DirectorMr. Francis John GibsonCFO & SecretaryMr. Kyle O'LearyDirector of OperationsMr. Jason RoyDirector of Corporate Development & Investor RelationsDr. Jeremy Dang Ph.D.Vice President of Business & Project DevelopmentMore ExecutivesKey CompetitorsCBAK Energy TechnologyNASDAQ:CBATESS TechNYSE:GWHFlux PowerNASDAQ:FLUXDragonfly EnergyNASDAQ:DFLIUltralifeNASDAQ:ULBIView All CompetitorsInstitutional OwnershipWorth Venture Partners LLCBought 820,538 shares on 2/9/2024Ownership: 2.425%View All Institutional Transactions ELVA Stock Analysis - Frequently Asked Questions Should I buy or sell Electrovaya stock right now? 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Electrovaya in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ELVA shares. View ELVA analyst ratings or view top-rated stocks. What is Electrovaya's stock price target for 2024? 4 Wall Street research analysts have issued 12 month price objectives for Electrovaya's stock. Their ELVA share price targets range from $8.00 to $16.00. On average, they predict the company's share price to reach $11.33 in the next twelve months. This suggests a possible upside of 260.9% from the stock's current price. View analysts price targets for ELVA or view top-rated stocks among Wall Street analysts. How have ELVA shares performed in 2024? Electrovaya's stock was trading at $3.06 at the beginning of the year. Since then, ELVA shares have increased by 2.6% and is now trading at $3.14. View the best growth stocks for 2024 here. Are investors shorting Electrovaya? Electrovaya saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 50,200 shares, an increase of 25.5% from the March 31st total of 40,000 shares. Based on an average daily trading volume, of 37,800 shares, the short-interest ratio is currently 1.3 days. Currently, 0.2% of the company's stock are short sold. View Electrovaya's Short Interest. How were Electrovaya's earnings last quarter? Electrovaya Inc. (NASDAQ:ELVA) announced its quarterly earnings data on Tuesday, February, 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by $0.03. The firm had revenue of $12.09 million for the quarter, compared to the consensus estimate of $12.63 million. Electrovaya had a net margin of 1.79% and a trailing twelve-month return on equity of 12.44%. What guidance has Electrovaya issued on next quarter's earnings? Electrovaya updated its FY 2024 earnings guidance on Tuesday, February, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $65.0 million-$75.0 million, compared to the consensus revenue estimate of $75.4 million. How do I buy shares of Electrovaya? Shares of ELVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:ELVA) was last updated on 4/29/2024 by MarketBeat.com Staff From Our PartnersConflict In Israel Sends Gold Soaring ???? 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