Aeva Technologies (AEVA) Projected to Post Earnings on Tuesday

Aeva Technologies (NYSE:AEVA) is expected to announce its earnings results before the market opens on Tuesday, March 4th. Analysts expect the company to announce earnings of ($0.61) per share and revenue of $2.47 million for the quarter.

Aeva Technologies Stock Performance

Aeva Technologies stock opened at $3.82 on Tuesday. The business has a 50-day moving average of $4.33 and a 200-day moving average of $3.84. Aeva Technologies has a 1 year low of $2.20 and a 1 year high of $7.25.

Analyst Upgrades and Downgrades

Several brokerages have commented on AEVA. Craig Hallum upped their target price on shares of Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Roth Mkm lifted their target price on Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.53.

Insider Transactions at Aeva Technologies

In other news, CEO Soroush Salehian Dardashti sold 107,795 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $4.49, for a total transaction of $483,999.55. Following the completion of the transaction, the chief executive officer now directly owns 4,097,013 shares of the company’s stock, valued at $18,395,588.37. This represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 29.10% of the stock is owned by insiders.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.