Electrovaya Inc. (ELVA)
NASDAQ: ELVA · IEX Real-Time Price · USD
2.850
0.00 (0.00%)
May 31, 2024, 4:30 PM EDT - Market closed
Electrovaya Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Electrovaya stock have an average target of 10, with a low estimate of 7.00 and a high estimate of 16. The average target predicts an increase of 250.88% from the current stock price of 2.85.
Analyst Consensus: Strong Buy
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 |
|---|---|---|---|---|---|---|---|
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $10 → $9 | Strong Buy | Maintains | $10 → $9 | +215.79% | May 15, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $16 | Strong Buy | Reiterates | $16 | +461.40% | May 15, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $8 | Strong Buy | Maintains | $8 | +180.70% | May 15, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $8 | Strong Buy | Maintains | $8 | +180.70% | Mar 26, 2024 |
| Roth MKM | Roth MKM | Strong Buy Initiates $8 | Strong Buy | Initiates | $8 | +180.70% | Mar 6, 2024 |
Financial Forecast
Revenue This Year
70.28M
from 44.06M
Increased by 59.51%
Revenue Next Year
115.45M
from 70.28M
Increased by 64.27%
EPS This Year
0.14
from -0.04
EPS Next Year
0.52
from 0.14
Increased by 285.01%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 73.5M | 130.4M | 160.2M | 248.7M | 329.4M |
| Avg | 70.3M | 115.5M | 155.6M | 241.6M | 320.0M |
| Low | 66.4M | 103.3M | 149.5M | 232.1M | 307.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 66.8% | 85.6% | 38.7% | 59.8% | 36.3% |
| Avg | 59.5% | 64.3% | 34.8% | 55.3% | 32.4% |
| Low | 50.6% | 46.9% | 29.5% | 49.2% | 27.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.20 | 0.66 | 0.59 | 1.02 | 1.49 |
| Avg | 0.14 | 0.52 | 0.57 | 0.99 | 1.45 |
| Low | 0.08 | 0.30 | 0.55 | 0.95 | 1.39 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 386.4% | 12.3% | 78.3% | 50.7% |
| Avg | - | 285.0% | 9.1% | 73.2% | 46.4% |
| Low | - | 123.4% | 4.8% | 66.4% | 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.