Electrovaya Inc. (ELVA)
NASDAQ: ELVA · IEX Real-Time Price · USD
2.590
+0.050 (1.97%)
Jul 2, 2024, 3:58 PM EDT - Market closed
Electrovaya Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Electrovaya stock have an average target of 10, with a low estimate of 7.00 and a high estimate of 16. The average target predicts an increase of 286.10% from the current stock price of 2.59.
Analyst Consensus: Strong Buy
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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 4 | 4 | 4 | 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 | 3 | 3 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $16 | Strong Buy | Reiterates | $16 | +517.76% | Jun 14, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $16 | Strong Buy | Reiterates | $16 | +517.76% | May 15, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $10 → $9 | Strong Buy | Maintains | $10 → $9 | +247.49% | May 15, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $8 | Strong Buy | Maintains | $8 | +208.88% | May 15, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $8 | Strong Buy | Maintains | $8 | +208.88% | Mar 26, 2024 |
Financial Forecast
Revenue This Year
66.68M
from 44.06M
Increased by 51.35%
Revenue Next Year
117.42M
from 66.68M
Increased by 76.09%
EPS This Year
0.12
from -0.04
EPS Next Year
0.53
from 0.12
Increased by 340.43%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 73.5M | 130.4M | 160.2M | 224.0M | 296.6M |
| Avg | 66.7M | 117.4M | 155.6M | 217.6M | 288.1M |
| Low | 56.3M | 103.3M | 149.5M | 209.1M | 276.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 66.8% | 95.6% | 36.4% | 43.9% | 36.3% |
| Avg | 51.3% | 76.1% | 32.5% | 39.8% | 32.4% |
| Low | 27.7% | 54.9% | 27.3% | 34.4% | 27.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.20 | 0.66 | 0.59 | 0.97 | 1.40 |
| Avg | 0.12 | 0.53 | 0.57 | 0.94 | 1.36 |
| Low | 0.03 | 0.30 | 0.55 | 0.90 | 1.30 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 451.9% | 11.4% | 69.1% | 48.8% |
| Avg | - | 340.4% | 8.2% | 64.3% | 44.6% |
| Low | - | 153.5% | 4.0% | 57.8% | 38.9% |
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.