Electrovaya Inc. (ELVA)
NASDAQ: ELVA · Real-Time Price · USD
2.360
+0.020 (0.85%)
At close: Nov 22, 2024, 4:00 PM
2.480
+0.120 (5.08%)
After-hours: Nov 22, 2024, 5:37 PM EST
Electrovaya Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Electrovaya stock have an average target of 8.75, with a low estimate of 5.00 and a high estimate of 16. The average target predicts an increase of 270.76% from the current stock price of 2.36.
Analyst Consensus: Strong Buy
* Price targets were last updated on Sep 26, 2024.
Analyst Ratings
The average analyst rating for Electrovaya stock from 4 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 5 | 5 | 4 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 5 | 5 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Alliance Global Partners | Alliance Global Partners | Strong Buy Initiates $5 | Strong Buy | Initiates | $5 | +111.86% | Sep 26, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $9 → $6 | Strong Buy | Maintains | $9 → $6 | +154.24% | Aug 14, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $16 | Strong Buy | Reiterates | $16 | +577.97% | Aug 14, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $16 | Strong Buy | Reiterates | $16 | +577.97% | Jun 14, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $16 | Strong Buy | Reiterates | $16 | +577.97% | May 15, 2024 |
Financial Forecast
Revenue This Year
45.98M
from 44.06M
Increased by 4.36%
Revenue Next Year
82.88M
from 45.98M
Increased by 80.25%
EPS This Year
-0.06
from -0.04
EPS Next Year
0.20
from -0.06
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 47.7M | 110.6M | 160.2M | |||
| Avg | 46.0M | 82.9M | 124.1M | |||
| Low | 43.9M | 64.4M | 94.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 8.2% | 140.6% | 93.3% | |||
| Avg | 4.4% | 80.2% | 49.8% | |||
| Low | -0.4% | 40.0% | 13.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -0.05 | 0.36 | 0.63 | |||
| Avg | -0.06 | 0.20 | 0.50 | |||
| Low | -0.06 | 0.05 | 0.33 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | - | - | 216.7% | |||
| Avg | - | - | 151.3% | |||
| Low | - | - | 67.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.