Electrovaya Inc's fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 71 out of 182 in the Machinery, Tools, Heavy Vehicles, Trains & Ships industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Strong Buy, with the highest price target at 10.17.In the medium term, the stock price is expected to trend up.Despite an average stock market performance over the past month, 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
71 / 182
Overall Ranking
177 / 4521
Industry
Machinery, Tools, Heavy Vehicles, Trains & Ships
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Media Coverage
Last 24 hours
Coverage Level
Very Low
Very High
Neutral
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 44.86% year-on-year.
Growing
The company is in a growing phase, with the latest annual income totaling USD 63.83M.
Turnaround to Profit
The company's performance has turned profitable, with the latest annual net income of USD .
Fairly Valued
The company’s latest PE is 102.84, at a medium 3-year percentile range.
Higher Market Activity
The company has more investor interest, with a 20-day turnover ratio of 2.77.
Analyst Rating
Based on
3
analysts
Strong Buy
Current Rating
10.167
Target Price
+24.59%
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. 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.