Electrovaya Inc. (TSE:EFL – Get Rating) – Analysts at HC Wainwright decreased their FY2023 EPS estimates for Electrovaya in a research note issued on Tuesday, February 14th. HC Wainwright analyst A. Dayal now expects that the company will post earnings per share of ($0.05) for the year, down from their prior estimate of ($0.01). HC Wainwright has a "Buy" rating and a $3.25 price objective on the stock. The consensus estimate for Electrovaya's current full-year earnings is $0.10 per share. HC Wainwright also issued estimates for Electrovaya's FY2024 earnings at $0.03 EPS, FY2025 earnings at $0.09 EPS and FY2026 earnings at $0.16 EPS.
Get Electrovaya alerts:Electrovaya Trading Down 5.3 %
Electrovaya stock opened at C$1.08 on Thursday. Electrovaya has a 1-year low of C$0.53 and a 1-year high of C$1.32. The firm has a market capitalization of C$177.84 million and a price-to-earnings ratio of -14.59. The firm's fifty day moving average price is C$1.14 and its two-hundred day moving average price is C$1.07.
Electrovaya (TSE:EFL – Get Rating) last posted its quarterly earnings results on Monday, December 5th. The company reported C($0.01) EPS for the quarter, hitting analysts' consensus estimates of C($0.01). The company had revenue of C$13.02 million during the quarter, compared to analyst estimates of C$14.43 million.
Electrovaya Company Profile
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Electrovaya Inc, together with its subsidiaries, engages in the designing, developing, and manufacturing lithium-ion advanced battery and battery systems in North America. It offers lithium-ion batteries and systems for materials handling electric vehicles, including forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as building systems for third parties.
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