12 Month Price Forecast For ELVA
Distance to ELVA Price Forecasts
ELVA Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: February 16, 2025 2:54 AM UTC
ELVA Analyst Ratings & Price Targets
Based on our analysis of 6 Wall Street analysts, ELVA has a bullish consensus with a median price target of $5.00 (ranging from $4.00 to $10.00). Currently trading at $2.50, the median forecast implies a 100.0% upside. This outlook is supported by 6 Buy, 0 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Amit Dayal at HC Wainwright & Co., projecting a 300.0% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
ELVA Analyst Consensus
ELVA Price Target Range
Latest ELVA Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for ELVA.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Feb 14, 2025 | HC Wainwright & Co. | Amit Dayal | Buy | Reiterates | $10.00 |
| Feb 14, 2025 | Roth MKM | Craig Irwin | Buy | Reiterates | $5.00 |
| Jan 23, 2025 | Raymond James | Daniel Magder | Strong Buy | Initiates | $4.50 |
| Dec 13, 2024 | HC Wainwright & Co. | Amit Dayal | Buy | Maintains | $10.00 |
| Sep 26, 2024 | Alliance Global Partners | Jeff Grampp | Buy | Initiates | $5.00 |
| Aug 14, 2024 | Craig-Hallum | Eric Stine | Buy | Maintains | $6.00 |
| Aug 14, 2024 | HC Wainwright & Co. | Amit Dayal | Buy | Reiterates | $16.00 |
| Jun 14, 2024 | HC Wainwright & Co. | Amit Dayal | Buy | Reiterates | $16.00 |
| May 15, 2024 | Roth MKM | Craig Irwin | Buy | Maintains | $8.00 |
| May 15, 2024 | HC Wainwright & Co. | Amit Dayal | Buy | Reiterates | $16.00 |
| May 15, 2024 | Craig-Hallum | Eric Stine | Buy | Maintains | $9.00 |
| Mar 26, 2024 | Roth MKM | Craig Irwin | Buy | Maintains | $8.00 |
| Mar 6, 2024 | Roth MKM | Craig Irwin | Buy | Initiates | $8.00 |
| Jan 4, 2024 | Craig-Hallum | Eric Stine | Buy | Maintains | $10.00 |
| Oct 26, 2023 | Seaport Global | Jeff Campbell | Buy | Initiates | $7.00 |
| Aug 16, 2023 | HC Wainwright & Co. | Amit Dayal | Buy | Reiterates | $16.00 |
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Electrovaya Inc. (ELVA) Financial Data
Electrovaya Inc. has a market capitalization of $100.22M with a P/E ratio of 137.0x. The company generates $44.62M in trailing twelve-month revenue with a -3.3% profit margin.
Revenue growth is -29.7% quarter-over-quarter, while maintaining an operating margin of +6.1% and return on equity of -18.9%.
Valuation Metrics
Growth & Margins
Financial Health
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Electrovaya Inc. (ELVA) Company Overview
About Electrovaya Inc.
Designs and manufactures lithium-ion batteries.
The company generates revenue through the design, development, and sale of lithium-ion batteries and battery management systems. Its products cater to the energy storage and clean electric transportation sectors, as well as other specialized applications, primarily in North America.
Electrovaya operates advanced technologies including infinity battery cells and solid state batteries. The company was founded in 1996 and has undergone a name change from Electrofuel Inc. to Electrovaya Inc. in 2002. It is headquartered in Mississauga, Canada.
Company Information
Sector
Industrials
Industry
Electrical Equipment & Parts
Employees
97
CEO
Dr. Rajshekar Das Gupta Ph.D.
Country
Canada
IPO Year
2001
Website
electrovaya.comElectrovaya Inc. (ELVA) Latest News & Analysis
Electrovaya Inc. will release its Q1 financial results for the period ending December 31, 2024, on February 13, 2025, after market close, followed by a conference call at 5:00 p.m.
Electrovaya's upcoming financial results and conference call may impact stock performance and investor sentiment, influencing trading decisions and market perception of the company.
Electrovaya Announces Commencement of Jamestown Battery Manufacturing Facility Capital Purchases and Hiring
1 month agoElectrovaya Inc. (NASDAQ:ELVA) has started capital investments and hiring for its Jamestown battery manufacturing facility, focusing on battery system equipment and engineering work for future cell manufacturing.
Electrovaya's capital investments and facility expansion signal growth potential, enhancing production capacity and positioning the company for increased market share in the lithium-ion battery sector.
Electrovaya Inc. (NASDAQ: ELVA; TSX: ELVA) priced its public offering of 5,175,000 common shares at US$2.15 each, as announced on December 17, 2024.
Electrovaya's public offering at $2.15 per share indicates capital-raising efforts, which can impact stock liquidity, investor sentiment, and future growth prospects.
Electrovaya Inc. announced that its Infinity Series Lithium Ion Phosphate cells have received UL2580 recognition, confirming their safety and reliability per industry standards.
Achieving UL2580 recognition enhances Electrovaya's reputation for safety and reliability, potentially increasing demand for its products and positively impacting stock performance.
Electrovaya Inc. closed a public offering of 5,175,000 common shares at US$2.15 each, raising approximately US$11.1 million. Roth Capital Partners managed the offering.
Electrovaya's successful public offering raises $11.1 million, enhancing liquidity for growth initiatives and potentially increasing shareholder value, which may influence stock performance.
Electrovaya Inc. Closes Full Exercise of Over-Allotment Option for an Additional US$1.7 Million
1 month agoElectrovaya Inc. has raised approximately US$1.67 million through the sale of 776,250 additional common shares at US$2.15 each, following a public offering that generated US$11.1 million.
Electrovaya's successful public offering and over-allotment exercise signal strong investor confidence and provide additional funding for growth, potentially impacting stock performance positively.
Frequently Asked Questions About ELVA Stock
What is Electrovaya Inc.'s (ELVA) stock forecast for 2025?
Based on our analysis of 6 Wall Street analysts, Electrovaya Inc. (ELVA) has a median price target of $5.00. The highest price target is $10.00 and the lowest is $4.00.
Is ELVA stock a good investment in 2025?
According to current analyst ratings, ELVA has 6 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $2.50. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for ELVA stock?
Wall Street analysts predict ELVA stock could reach $5.00 in the next 12 months. This represents a 100.0% increase from the current price of $2.50. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Electrovaya Inc.'s business model?
The company generates revenue through the design, development, and sale of lithium-ion batteries and battery management systems. Its products cater to the energy storage and clean electric transportation sectors, as well as other specialized applications, primarily in North America.
What is the highest forecasted price for ELVA Electrovaya Inc.?
The highest price target for ELVA is $10.00 from Amit Dayal at HC Wainwright & Co., which represents a 300.0% increase from the current price of $2.50.
What is the lowest forecasted price for ELVA Electrovaya Inc.?
The lowest price target for ELVA is $4.00 from at , which represents a 60.0% increase from the current price of $2.50.
What is the overall ELVA consensus from analysts for Electrovaya Inc.?
The overall analyst consensus for ELVA is bullish. Out of 6 Wall Street analysts, 6 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $5.00.
How accurate are ELVA stock price projections?
Stock price projections, including those for Electrovaya Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
