Aeva Technologies (NASDAQ:AEVA) Trading Down 5.2% – What’s Next?

Aeva Technologies, Inc. (NASDAQ:AEVA) shares were down 5.2% on Tuesday . The company traded as low as $24.97 and last traded at $25.46. Approximately 405,710 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 2,432,605 shares. The stock had previously closed at $26.87.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AEVA shares. Weiss Ratings upgraded Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Wall Street Zen cut Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Aeva Technologies currently has an average rating of “Hold” and an average price target of $26.50.

Aeva Technologies Price Performance

The company has a debt-to-equity ratio of 7.32, a quick ratio of 3.89 and a current ratio of 4.09. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -4.85 and a beta of 2.41. The company has a 50-day moving average of $19.28 and a 200-day moving average of $16.17.

Insider Buying and Selling

In related news, CEO Soroush Salehian Dardashti sold 41,083 shares of Aeva Technologies stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $15.04, for a total transaction of $617,888.32. Following the completion of the transaction, the chief executive officer directly owned 1,725,329 shares in the company, valued at $25,948,948.16. The trade was a 2.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Mina Rezk sold 27,389 shares of Aeva Technologies stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $15.04, for a total value of $411,930.56. Following the transaction, the chief technology officer owned 1,442,371 shares of the company’s stock, valued at $21,693,259.84. This represents a 1.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 74,115 shares of company stock worth $1,114,690 in the last ninety days. Insiders own 36.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP raised its position in shares of Aeva Technologies by 122.8% during the 3rd quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock worth $30,000 after purchasing an additional 1,157 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Aeva Technologies during the fourth quarter worth approximately $33,000. Jones Financial Companies Lllp boosted its position in Aeva Technologies by 27,345.0% during the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after acquiring an additional 5,469 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Aeva Technologies during the fourth quarter worth approximately $47,000. Finally, Daiwa Securities Group Inc. boosted its position in Aeva Technologies by 79.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,339 shares of the company’s stock worth $58,000 after acquiring an additional 1,922 shares during the last quarter. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Aeva Technologies Company Profile

Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva’s core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company’s FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva’s systems from traditional time-of-flight LiDAR solutions.

Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.