The Potential Rise in the Price of Aeva Technologies Inc. (AEVA) following insiders activity

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Aeva Technologies Inc.’s recently made public that its Chief Financial Officer Sinha Saurabh unloaded Company’s shares for reported $33001.0 on Sep 13. In the deal valued at $2.75 per share,11,997 shares were sold. As a result of this transaction, Sinha Saurabh now holds 192,797 shares worth roughly $ 0.36 million.


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Piper Sandler downgraded its Aeva Technologies Inc. [AEVA] rating to a Neutral from a an Overweight in a research note published on Monday, July 18, 2022; the price target was decreased to $3 from $5. PT values the company’s stock at a premium of 38.0 to its Monday closing price. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. Morgan Stanley began covering AEVA with “an Equal-weight” recommendation on July 19, 2021. New Street started covering the stock on July 07, 2021. It rated AEVA as “a Buy”.

Price Performance Review of AEVA

On Monday, Aeva Technologies Inc. [NYSE:AEVA] saw its stock jump 3.33% to $1.86. On the same session, the stock had its day’s lowest price of $1.79, but rose to a high of $1.89. Over the last five days, the stock has lost -7.00%. Aeva Technologies Inc. shares have fallen nearly -75.40% since the year began. Nevertheless, the stocks have fallen -77.32% over the past one year. While a 52-week high of $10.75 was reached on 01/04/22, a 52-week low of $1.72 was recorded on 11/04/22. SMA at 50 days reached $2.2272, while 200 days put it at $3.3765. A total of 0.93 million shares were traded, compared to the trading of 1.78 million shares in the previous session.

Levels Of Support And Resistance For AEVA Stock

The 24-hour chart illustrates a support level at 1.8033, which if violated will result in even more drops to 1.7467. On the upside, there is a resistance level at 1.9033. A further resistance level may holdings at 1.9467. The Relative Strength Index (RSI) on the 14-day chart is 42.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1114, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.18%. Stochastics %K at 17.92% indicates the stock is a buying.

How much short interest is there in Aeva Technologies Inc.?

A steep rise in short interest was recorded in Aeva Technologies Inc. stocks on Jul 14, 2022, dropping by -0.38 million shares to a total of 7.27 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 7.65 million shares. There was a decline of -5.23%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.52% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.1.

Aeva Technologies Inc. [AEVA] – Who Are The Largest Shareholders?

In filings from Sylebra Capital Ltd., it is revealed that the company now owns 27,101,533 shares, or roughly 12.44% of the outstanding AEVA shares. In other words, the investor’s shares have risen by 273,133 from its previous 13-F filing of 26828400.0. Additionally, The Vanguard Group, Inc. increased 6.04% of its stake after which the total value it holdings stand at $20,513,186, while BlackRock Fund Advisors added 0.26% of its stake to hold $11.48 million in the firm. Over the last quarter, FifthDelta Ltd. purchased 697,900 shares of Aeva Technologies Inc., while Adage Capital Management LP bought -500,000 shares. At present, SSgA Funds Management, Inc. is holding 2,629,885 shares valued at $4.92 million. Geode Capital Management LLC owned 1,751,629 shares of the company at the time of its most recent 13F filing, worth $3.28 million.

According to FactSet, Aeva Technologies Inc.’s share price will average $9.07 in the next year, based on opinions of analysts polled by the firm. This is up nearly 177.78 percent from its previous closing price of $1.80. Analysts expect Aeva Technologies Inc. stock to reach the higher price of $20.00, while the lowest price estimate is $3.00. However, 7 analysts have rated AEVA stock as an Overweight in their predictions for 2022. The most recent change occurred on April 01, 2021 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $20 price target.

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