Electrovaya Inc. (ELVA)
NASDAQ: ELVA · Real-Time Price · USD
2.180
+0.070 (3.32%)
Dec 20, 2024, 4:00 PM EST - Market closed
Electrovaya Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Electrovaya stock have an average target of 7.25, with a low estimate of 5.00 and a high estimate of 10. The average target predicts an increase of 232.57% from the current stock price of 2.18.
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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 5 | 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 | 5 | 5 | 5 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $16 → $10 | Strong Buy | Maintains | $16 → $10 | +358.72% | Dec 13, 2024 |
| Alliance Global Partners | Alliance Global Partners | Strong Buy Initiates $5 | Strong Buy | Initiates | $5 | +129.36% | Sep 26, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $9 → $6 | Strong Buy | Maintains | $9 → $6 | +175.23% | Aug 14, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $16 | Strong Buy | Reiterates | $16 | +633.94% | Aug 14, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $16 | Strong Buy | Reiterates | $16 | +633.94% | Jun 14, 2024 |
Financial Forecast
Revenue This Year
81.29M
from 44.62M
Increased by 82.20%
Revenue Next Year
124.12M
from 81.29M
Increased by 52.69%
EPS This Year
0.22
from -0.04
EPS Next Year
0.50
from 0.22
Increased by 129.69%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 110.6M | 160.2M | 224.0M | ||
| Avg | 81.3M | 124.1M | 217.6M | ||
| Low | 64.4M | 94.0M | 209.1M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 148.0% | 97.1% | 80.5% | ||
| Avg | 82.2% | 52.7% | 75.3% | ||
| Low | 44.3% | 15.6% | 68.4% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 0.36 | 0.63 | 1.01 | ||
| Avg | 0.22 | 0.50 | 0.98 | ||
| Low | 0.05 | 0.33 | 0.94 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | - | 189.5% | 101.7% | ||
| Avg | - | 129.7% | 95.9% | ||
| Low | - | 53.1% | 88.2% |
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.