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.

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

As of June 2, 2023, AEVA stock price climbed to $1.41 with 1,065,746 million shares trading.

AEVA has a beta of 2.07, meaning it tends to be more sensitive to market movements. AEVA has a correlation of 0.21 to the broad based SPY ETF.

AEVA has a market cap of $310.71 million. This is considered a Small Cap stock.

Last quarter Aeva Technologies reported $1 million in Revenue and -$.13 earnings per share. This beat revenue expectation by $278,000 and exceeded earnings estimates by $.03.

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

AEVA has underperformed the market in the last year with a return of -54.4%, while the SPY ETF gained +4.1%. In the last 3 month period, AEVA fell short of the market, returning -19.4%, while SPY returned +7.9%. However, in the most recent 2 weeks AEVA has outperformed the stock market by returning +45.3%, while SPY returned +2.2%.

AEVA support price is $1.22 and resistance is $1.40 (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 stock will trade within this expected range on the day.