Electrovaya (ELVA) Set to Announce Earnings on Monday

Electrovaya (NASDAQ:ELVA) is scheduled to issue its quarterly earnings data after the market closes on Monday, May 13th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Electrovaya has set its FY 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Electrovaya (NASDAQ:ELVA) last released its earnings results on Tuesday, February 13th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $12.09 million for the quarter, compared to analyst estimates of $12.63 million. Electrovaya had a return on equity of 12.44% and a net margin of 1.79%. On average, analysts expect Electrovaya to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Electrovaya Price Performance

Shares of NASDAQ:ELVA traded up $0.05 during trading on Monday, hitting $3.24. 7,309 shares of the stock were exchanged, compared to its average volume of 42,792. Electrovaya has a 12-month low of $2.34 and a 12-month high of $5.50. The company has a current ratio of 0.98, a quick ratio of 0.61 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average price of $3.59 and a two-hundred day moving average price of $3.37. The company has a market cap of $109.77 million and a PE ratio of 159.58.

Analyst Ratings Changes

ELVA has been the subject of several recent research reports. Roth Capital reiterated a “buy” rating on shares of Electrovaya in a report on Wednesday, March 6th. Roth Mkm reaffirmed a “buy” rating and set a $8.00 price target on shares of Electrovaya in a research report on Tuesday, March 26th.

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.