The company's fundamentals are relatively stable. Its valuation is considered undervalued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Strong Buy. Despite an average stock market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Electrovaya Inc's Score
Industry at a Glance
Industry Ranking
94 / 192
Overall Ranking
208 / 4714
Industry
Machinery, Tools, Heavy Vehicles, Trains & Ships
Support & Resistance
No Data
Score Analysis
Current score
Previous score
Analyst Rating
Based on
2
analysts
Strong Buy
Current Rating
8.000
Target Price
+31.36%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Electrovaya Inc Highlights
StrengthsRisks
Electrovaya Inc. is a Canada-based lithium-ion battery technology and manufacturing company. The Company designs, develops and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. The Company is focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. Its technology includes infinity battery technology and solid state battery technology. The Company’s product portfolio includes cell technology, infinity battery systems, low voltage, and high voltage. Its infinity battery system-high voltage applications include E-buses, E-trucks, Mining Vehicles, and Defense. The Company has two operating sites in Canada and a 52-acre site with a 135,000 square foot manufacturing facility in Jamestown, New York state for its planned gigafactory.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 174.22% year-on-year.
Growing
The company is in a growing phase, with the latest annual income totaling USD 44.62M.
Overvalued
The company’s latest PE is 191.45, at a high 3-year percentile range.
Institutional Buying
The latest institutional holdings are 20.78M shares, increasing 10.69% quarter-over-quarter.
Higher Market Activity
The company has more investor interest, with a 20-day turnover ratio of 2.77.
Electrovaya Inc. is a Canada-based lithium-ion battery technology and manufacturing company. The Company designs, develops and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. The Company is focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. Its technology includes infinity battery technology and solid state battery technology. The Company’s product portfolio includes cell technology, infinity battery systems, low voltage, and high voltage. Its infinity battery system-high voltage applications include E-buses, E-trucks, Mining Vehicles, and Defense. The Company has two operating sites in Canada and a 52-acre site with a 135,000 square foot manufacturing facility in Jamestown, New York state for its planned gigafactory.