Aeva Technologies Target of Unusually Large Options Trading (NYSE:AEVA)

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Aeva Technologies, Inc. (NYSE:AEVAGet Rating) was the target of unusually large options trading activity on Wednesday. Traders acquired 8,749 put options on the stock. This is an increase of approximately 1,050% compared to the typical daily volume of 761 put options.

Insider Transactions at Aeva Technologies

In other news, CFO Saurabh Sinha sold 11,997 shares of the company’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $2.75, for a total value of $32,991.75. Following the sale, the chief financial officer now owns 192,797 shares of the company’s stock, valued at approximately $530,191.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in shares of Aeva Technologies in the 1st quarter valued at approximately $35,000. Point72 Hong Kong Ltd acquired a new stake in shares of Aeva Technologies in the 4th quarter valued at approximately $37,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Aeva Technologies in the 4th quarter valued at approximately $40,000. Independent Advisor Alliance acquired a new stake in shares of Aeva Technologies in the 2nd quarter valued at approximately $41,000. Finally, Pictet Asset Management SA acquired a new stake in shares of Aeva Technologies in the 2nd quarter valued at approximately $41,000. 47.10% of the stock is currently owned by institutional investors and hedge funds.

Aeva Technologies Trading Down 4.8 %

Aeva Technologies stock opened at $2.20 on Thursday. Aeva Technologies has a 1 year low of $2.20 and a 1 year high of $10.75. The company has a market cap of $479.16 million, a PE ratio of -3.73 and a beta of 0.90. The company’s 50-day moving average is $3.28 and its two-hundred day moving average is $3.42.

Aeva Technologies (NYSE:AEVAGet Rating) last released its earnings results on Wednesday, August 3rd. The company reported ($0.16) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.16). Aeva Technologies had a negative net margin of 1,407.47% and a negative return on equity of 27.32%. During the same quarter in the prior year, the firm posted ($0.11) EPS. Research analysts forecast that Aeva Technologies will post -0.69 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased their price objective on shares of Aeva Technologies from $3.00 to $4.50 and gave the stock a “neutral” rating in a report on Thursday, August 4th.

Aeva Technologies Company Profile

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Aeva Technologies, Inc, through its frequency modulated continuous wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that enables the adoption of LiDAR across various applications. from automated driving to consumer electronics, consumer health, industrial automation, and security application.

Further Reading

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