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

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

Analyst Ratings Changes

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

Aeva Technologies Stock Down 9.9%

The firm has a 50 day simple moving average of $19.28 and a two-hundred day simple moving average of $16.17. The company has a market capitalization of $1.53 billion, a PE ratio of -4.85 and a beta of 2.41. The company has a current ratio of 4.09, a quick ratio of 3.89 and a debt-to-equity ratio of 7.32.

Insider Activity at Aeva Technologies

In related news, 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 sale, the chief technology officer directly owned 1,442,371 shares in the company, valued at $21,693,259.84. The trade was a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Saurabh Sinha sold 5,643 shares of Aeva Technologies stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $15.04, for a total value of $84,870.72. Following the completion of the sale, the chief financial officer owned 590,034 shares in the company, valued at approximately $8,874,111.36. This trade represents a 0.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 74,115 shares of company stock worth $1,114,690 over the last three months. 36.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Aeva Technologies

A number of institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Aeva Technologies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock valued at $96,000 after buying an additional 630 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Aeva Technologies by 8.4% in the second quarter. The Manufacturers Life Insurance Company now owns 11,467 shares of the company’s stock valued at $433,000 after buying an additional 884 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Aeva Technologies in the second quarter valued at approximately $36,000. Rockefeller Capital Management L.P. boosted its stake in shares of Aeva Technologies by 19.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the company’s stock valued at $95,000 after buying an additional 1,159 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in shares of Aeva Technologies by 7.6% in the fourth quarter. MetLife Investment Management LLC now owns 20,001 shares of the company’s stock valued at $266,000 after buying an additional 1,409 shares in the last quarter. 62.92% of the stock is currently owned by hedge funds and other institutional investors.

About Aeva Technologies

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.