AEVA Stock Summary and Trading Ideas (Aeva Technologies | NYSE:AEVA)

Aeva Technologies Inc through its Frequency Modulated Continuous Wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that, along with its proprietary software applications, has the potential to enable the adoption of LiDAR across broad applications from automated driving to consumer electronics, consumer health, industrial automation, and security application. The company operates in North America, EMEA, and Asia. The company derives the majority of its revenue from North America.

Aeva Technologies trades on the NYSE stock market under the symbol AEVA.

As of October 23, 2024, AEVA stock price climbed to $4.14 with 287,387 million shares trading.

AEVA has a beta of 2.49, meaning it tends to be more sensitive to market movements. AEVA has a correlation of 0.10 to the broad based SPY ETF.

AEVA has a market cap of $222.10 million. This is considered a Small Cap stock.

Last quarter Aeva Technologies reported $2 million in Revenue and -$.57 earnings per share. This beat revenue expectation by $442,000 and exceeded earnings estimates by $.01.

In the last 3 years, AEVA traded as high as $53.75 and as low as $2.20.

The top ETF exchange traded funds that AEVA belongs to (by Net Assets): VTI, IWM, VGT, VXF, IWN.

AEVA has underperformed the market in the last year with a return of +33.8%, while SPY returned +38.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AEVA shares. However, AEVA has outperformed the market in the last 3 month and 2 week periods, returning +29.8% and +18.3%, while SPY returned +4.5% and +0.8%, respectively. This indicates AEVA has been having a stronger performance recently.

AEVA support price is $3.91 and resistance is $4.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AEVA shares will trade within this expected range on the day.