Aeva Technologies (NASDAQ:AEVA) Reaches New 1-Year Low – Should You Sell?

Aeva Technologies, Inc. (NASDAQ:AEVA) shares hit a new 52-week low during mid-day trading on Friday. The company traded as low as $8.77 and last traded at $8.79, with a volume of 1,518,537 shares changing hands. The stock had previously closed at $9.94.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AEVA shares. Weiss Ratings upgraded shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, September 4th. Wall Street Zen lowered shares of Aeva Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 8th. Morgan Stanley lifted their target price on shares of Aeva Technologies from $18.50 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Canaccord Genuity Group boosted their price target on shares of Aeva Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Oppenheimer reissued an “outperform” rating and issued a $42.00 price target on shares of Aeva Technologies in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.75.

Aeva Technologies Stock Performance

The company has a market capitalization of $584.38 million, a PE ratio of -3.40 and a beta of 2.41. The company has a 50 day moving average of $13.74 and a two-hundred day moving average of $16.95. The company has a debt-to-equity ratio of 3.52, a current ratio of 7.85 and a quick ratio of 7.63.

Insider Buying and Selling at Aeva Technologies

In other news, CEO Soroush Dardashti sold 219,486 shares of Aeva Technologies stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $24.03, for a total transaction of $5,274,248.58. Following the completion of the transaction, the chief executive officer directly owned 1,251,322 shares in the company, valued at approximately $30,069,267.66. This trade represents a 14.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Saurabh Sinha sold 70,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $21.21, for a total value of $1,484,700.00. Following the completion of the sale, the chief financial officer owned 581,372 shares in the company, valued at $12,330,900.12. The trade was a 10.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 509,245 shares of company stock valued at $11,731,912. Corporate insiders own 36.70% of the company’s stock.

Institutional Investors Weigh In On Aeva Technologies

A number of institutional investors have recently made changes to their positions in AEVA. Brooklands Fund Management Ltd bought a new stake in shares of Aeva Technologies in the 3rd quarter worth $23,158,000. Siren L.L.C. purchased a new position in shares of Aeva Technologies in the first quarter worth $1,448,000. Walleye Capital LLC bought a new position in shares of Aeva Technologies during the first quarter valued at $1,401,000. Bank of New York Mellon Corp bought a new position in shares of Aeva Technologies during the second quarter valued at $2,382,000. Finally, Titan Global Capital Management USA LLC lifted its holdings in shares of Aeva Technologies by 95.1% during the first quarter. Titan Global Capital Management USA LLC now owns 159,743 shares of the company’s stock valued at $2,102,000 after purchasing an additional 77,856 shares in the last quarter. Hedge funds and other institutional investors own 62.92% of the company’s stock.

About Aeva Technologies

Aeva Technologies, Inc develops sensing and perception systems designed to help machines understand their surroundings. The company’s core technology is a 4D lidar platform that uses frequency-modulated continuous-wave (FMCW) sensing to measure an object’s location, depth, and velocity, supporting applications that require real-time environmental awareness.

Its products include lidar sensors and related perception software for the automotive, industrial, robotics, mapping, and other machine-perception markets.