Electrovaya Inc. (ELVA)
NASDAQ: ELVA · IEX Real-Time Price · USD
3.261
+0.061 (1.91%)
At close: May 8, 2024, 2:16 PM
3.220
-0.041 (-1.26%)
After-hours: May 8, 2024, 4:00 PM EDT
Electrovaya Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Electrovaya stock have an average target of 10.25, with a low estimate of 7.00 and a high estimate of 16. The average target predicts an increase of 214.32% from the current stock price of 3.26.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 3 | 3 | 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 | 2 | 3 | 3 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Roth MKM | Roth MKM | Strong Buy Maintains $8 | Strong Buy | Maintains | $8 | +145.32% | Mar 26, 2024 |
| Roth MKM | Roth MKM | Strong Buy Initiates $8 | Strong Buy | Initiates | $8 | +145.32% | Mar 6, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $14 → $10 | Strong Buy | Maintains | $14 → $10 | +206.65% | Jan 4, 2024 |
| Seaport Global | Seaport Global | Strong Buy Initiates $7 | Strong Buy | Initiates | $7 | +114.66% | Oct 26, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $16 | Strong Buy | Reiterates | $16 | +390.65% | Aug 16, 2023 |
Financial Forecast
Revenue This Year
72.63M
from 44.06M
Increased by 64.84%
Revenue Next Year
119.37M
from 72.63M
Increased by 64.36%
EPS This Year
0.18
from -0.04
EPS Next Year
0.57
from 0.18
Increased by 216.98%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 79.7M | 130.4M | 177.8M | 248.7M | 329.4M |
| Avg | 72.6M | 119.4M | 172.7M | 241.6M | 320.0M |
| Low | 66.4M | 107.8M | 165.9M | 232.1M | 307.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 80.9% | 79.6% | 48.9% | 44.0% | 36.3% |
| Avg | 64.8% | 64.4% | 44.7% | 39.9% | 32.4% |
| Low | 50.6% | 48.4% | 39.0% | 34.4% | 27.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.27 | 0.80 | 0.63 | 1.02 | 1.49 |
| Avg | 0.18 | 0.57 | 0.61 | 0.99 | 1.45 |
| Low | 0.08 | 0.31 | 0.59 | 0.95 | 1.39 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 342.8% | 10.3% | 66.4% | 50.7% |
| Avg | - | 217.0% | 7.1% | 61.7% | 46.4% |
| Low | - | 74.0% | 2.9% | 55.3% | 40.7% |
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.