Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Aeva Technologies Inc. shares valued at $33,001 were sold by Sinha Saurabh on Sep 13. At $2.75 per share, Sinha Saurabh sold 11,997 shares. The insider’s holdings dropped to 192,797 shares worth approximately $0.4 million following the completion of this transaction.
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As published in a research note from Piper Sandler on July 18, 2022, Aeva Technologies Inc. [AEVA] has been rated down from an Overweight to a Neutral and the price target has been revised to $3 from $5. This represents a 31.0% premium over Thursday’s closing price. Analysts at Credit Suisse started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid April. As of July 19, 2021, Morgan Stanley has initiated its “an Equal-weight” rating for AEVA. Earlier on July 07, 2021, New Street initiated its rating. Their recommendation was “a Buy” for AEVA stock.
Analyzing AEVA’s Price Performance
On Thursday, Aeva Technologies Inc. [NYSE: AEVA] plunged -5.91% to $2.07. The stock’s lowest price that day was $1.98, but it reached a high of $2.21 in the same session. During the last five days, there has been a drop of approximately -23.62%. Over the course of the year, Aeva Technologies Inc. shares have dropped approximately -72.62%. Shares of the company reached a 52-week high of $8.07 on 01/04/22 and a 52-week low of $1.98 on 09/22/22. A 50-day SMA is recorded $3.27, while a 200-day SMA reached $4.26. Nevertheless, trading volume fell to 2.51 million shares from 2.21 million shares the previous day.
Support And Resistance Levels for Aeva Technologies Inc. (AEVA)
According to the 24-hour chart, there is a support level at 1.96, which, if violated, would cause prices to drop to 1.86. In the upper region, resistance lies at 2.19. The next price resistance is at 2.32. RSI (Relative Strength Index) is 26.22 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.43, which suggests the price will decrease in the coming days. Percent R is at 91.09%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Aeva Technologies Inc. subject to short interest?
Stocks of Aeva Technologies Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.38 million shares to 7.27 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.65 million shares. A decline of -5.23% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.1 of the overall float, the days-to-cover ratio (short ratio) decline to 6.1.
Which companies own the most shares of Aeva Technologies Inc. (AEVA)?
According to Sylebra Capital Ltd. filings, the company currently owns 27,101,533 shares, which is about 12.44% of the total AEVA shares outstanding. The investor’s shares have appreciated by 273,133 from its previous 13-F filing of 26828400.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $33,786,423. BlackRock Fund Advisors acquire a 0.26% interest valued at $18.91 million while FifthDelta Ltd. purchased a 697,900 stake. A total of -500,000 shares of Aeva Technologies Inc. were bought by Adage Capital Management LP during the quarter, and -198,624 were sold by SSgA Funds Management, Inc.. In its current portfolio, Geode Capital Management LLC holds 1,751,629 shares valued at $5.4 million.
In terms of Aeva Technologies Inc. share price expectations, FactSet research, analysts set an average price target of $10.08 in the next 12 months, up nearly 150.0% from the previous closing price of $2.20. Analysts anticipate Aeva Technologies Inc. stock to reach $20.00 by 2022, with the lowest price target being $4.50. On April 01, 2021, Robert W. Baird assigned a price target of “an Outperform” to the stock and initiated coverage with a $20.