Aeva Technologies Inc’s recent filing unveils that its Chief Executive Officer Dardashti Soroush Salehian unloaded Company’s shares for reported $0.22 million on Mar 26 ’24. In the deal valued at $3.60 per share,60,746 shares were sold. As a result of this transaction, Dardashti Soroush Salehian now holds 4,464,808 shares worth roughly $15.54 million.
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Then, Dardashti Soroush Salehian sold 33,147 shares, generating $131,014 in total proceeds. Upon selling the shares at $3.95, the Chief Executive Officer now owns 4,525,554 shares.
Before that, Dardashti Soroush Salehian sold 67,791 shares. Aeva Technologies Inc shares valued at $273,137 were divested by the Chief Executive Officer at a price of $4.03 per share. As a result of the transaction, Dardashti Soroush Salehian now holds 4,558,701 shares, worth roughly $15.86 million.
Piper Sandler downgraded its Aeva Technologies Inc [AEVA] rating to a Neutral from a an Overweight in a research note published on July 18, 2022; the price target was decreased to $3 from $5. 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 Tuesday, Aeva Technologies Inc [NYSE:AEVA] saw its stock fall -10.77% to $3.48. Over the last five days, the stock has lost -33.08%. Aeva Technologies Inc shares have fallen nearly -8.14% since the year began. Nevertheless, the stocks have fallen -41.02% over the past one year. While a 52-week high of $7.60 was reached on 03/08/24, a 52-week low of $2.33 was recorded on 03/26/24. SMA at 50 days reached $4.81, while 200 days put it at $4.59. A total of 0.56 million shares were traded, compared to the trading of 0.71 million shares in the previous session.
Levels Of Support And Resistance For AEVA Stock
The 24-hour chart illustrates a support level at 3.34, which if violated will result in even more drops to 3.20. On the upside, there is a resistance level at 3.76. A further resistance level may holdings at 4.04. The Relative Strength Index (RSI) on the 14-day chart is 32.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics %K at 2.95% 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 Feb 29, 2024, dropping by -0.34 million shares to a total of 1.44 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.78 million shares. There was a decline of -23.61%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.93% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.53.
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.
