Electrovaya Common Shares Stock Today

ELVA Stock   4.04  0.01  0.25%   

Performance

10 of 100

 
Low
 
High
OK

Odds Of Distress

Over 57

 
100  
 
Zero
Above Average
Electrovaya Common is trading at 4.04 as of the 4th of March 2024, a -0.25 percent decrease since the beginning of the trading day. The stock's open price was 4.05. Electrovaya Common has over 57 % chance of experiencing financial distress in the next 2 years of operation, but had a somewhat ok returns during the last 90 days. Equity ratings for Electrovaya Common Shares are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of January 2023 and ending today, the 4th of March 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
8th of January 2016
Category
Industrials
Electrovaya Common is entity of United States. It is traded as Stock on NASDAQ exchange. The company has 32.98 M outstanding shares of which 78.76 K shares are currently shorted by private and institutional investors with about 4.17 trading days to cover. More on Electrovaya Common Shares

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Electrovaya Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Electrovaya Common's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Electrovaya Common or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO DirectorRajshekar Gupta
Thematic Ideas
(View all Themes)
SEC FilingsElectrovaya Common Security & Exchange Commission EDGAR Reports
Old Names[REED ELSEVIER NV, REED ELSEVIER NV, REED ELSEVIER NV - Dusseldorf Stock Exchang, REED ELSEVIER NV, RELX NV (ELVA.SG), RELX NV]
Business ConcentrationElectrical Components & Equipment, Electrical Equipment & Parts, Industrials, NASDAQ Composite, Heavy Metals, Electrical Equipment, Industrials, Electrical Equipment, Electrical Equipment & Parts, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Electrovaya Common report their recommendations after researching Electrovaya Common's financial statements, talking to executives and customers, or listening in on Electrovaya Common's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Electrovaya Common Shares. The Electrovaya consensus assessment is calculated by taking the average forecast from all of the analysts covering Electrovaya Common.
Financial Strength
Based on the analysis of Electrovaya Common's profitability, liquidity, and operating efficiency, Electrovaya Common Shares is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. Financial strength of Electrovaya Common Shares is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Shares Diluted38.1 M38.9 M
Fairly Down
Slightly volatile
Weighted Shares38.1 M38.9 M
Fairly Down
Slightly volatile
Net Cash Flow from Operations3.6 M3.3 M
Significantly Up
Slightly volatile
Current Liabilities28.2 M30.6 M
Significantly Down
Slightly volatile
Total Liabilities32.2 M33.8 M
Sufficiently Down
Slightly volatile
Gross Margin0.240.24
Steady
Slightly volatile
Total Debt21.8 M21.9 M
Slightly Down
Slightly volatile
Asset Turnover1.61.73
Significantly Down
Slightly volatile
Current Assets25.9 M29.8 M
Fairly Down
Slightly volatile
Total Assets36.3 M42 M
Fairly Down
Slightly volatile
Electrovaya Common's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Electrovaya Common's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Electrovaya Common's financial leverage. It provides some insight into what part of Electrovaya Common's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Electrovaya Common's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Electrovaya Common deploys its capital and how much of that capital is borrowed.
Liquidity
Electrovaya Common cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 19.03 M in liabilities. Debt can assist Electrovaya Common until it has trouble settling it off, either with new capital or with free cash flow. So, Electrovaya Common's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Electrovaya Common Shares sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Electrovaya to invest in growth at high rates of return. When we think about Electrovaya Common's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

3.58 Million
Electrovaya Common Shares (ELVA) is traded on NASDAQ Exchange in USA. It is located in 6688 Kitimat Road, Mississauga, ON, Canada, L5N 1P8 and employs 97 people. Electrovaya Common is listed under Electrical Components & Equipment category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 104.72 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Electrovaya Common's market, we take the total number of its shares issued and multiply it by Electrovaya Common's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Electrovaya Common Shares conducts business under Electrical Equipment sector and is part of Industrials industry. The entity has 32.98 M outstanding shares of which 78.76 K shares are currently shorted by private and institutional investors with about 4.17 trading days to cover. Electrovaya Common generates negative cash flow from operations
Check Electrovaya Common Probability Of Bankruptcy
Ownership Allocation
Electrovaya Common Shares retains a total of 32.98 Million outstanding shares. Electrovaya Common Shares retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Electrovaya Ownership Details

Electrovaya Stock Price Odds Analysis

What are Electrovaya Common's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Electrovaya Common jumping above the current price in 90 days from now is about 13.97%. The Electrovaya Common Shares probability density function shows the probability of Electrovaya Common stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.0122 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Electrovaya Common will likely underperform. Additionally, the company has an alpha of 0.4686, implying that it can generate a 0.47 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 4.04HorizonTargetOdds Above 4.04
85.96%90 days
 4.04 
13.97%
Based on a normal probability distribution, the odds of Electrovaya Common to move above the current price in 90 days from now is about 13.97 (This Electrovaya Common Shares probability density function shows the probability of Electrovaya Stock to fall within a particular range of prices over 90 days) .

Electrovaya Common Historical Income Statement

Electrovaya Common Shares Income Statement is one of the three primary financial statements used for reporting Electrovaya's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Electrovaya Common Shares revenue and expense. Electrovaya Common Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Electrovaya Common's Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 1.5 M, whereas Consolidated Income is forecasted to decline to (1.8 M). View More Fundamentals

Electrovaya Stock Against Markets

Picking the right benchmark for Electrovaya Common stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Electrovaya Common stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Electrovaya Common is critical whether you are bullish or bearish towards Electrovaya Common Shares at a given time. Please also check how Electrovaya Common's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Electrovaya Common without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Electrovaya Common Corporate Executives

Elected by the shareholders, the Electrovaya Common's board of directors comprises two types of representatives: Electrovaya Common inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Electrovaya. The board's role is to monitor Electrovaya Common's management team and ensure that shareholders' interests are well served. Electrovaya Common's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Electrovaya Common's outside directors are responsible for providing unbiased perspectives on the board's policies.
John GibsonCFO SecretaryProfile

How to buy Electrovaya Stock?

Before investing in Electrovaya Common, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Electrovaya Common. To buy Electrovaya Common stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Electrovaya Common. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Electrovaya Common stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Electrovaya Common Shares stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Electrovaya Common Shares stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Electrovaya Common Shares, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Electrovaya Stock please use our How to Invest in Electrovaya Common guide.

Already Invested in Electrovaya Common Shares?

The danger of trading Electrovaya Common Shares is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Electrovaya Common is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Electrovaya Common. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Electrovaya Common Shares is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Electrovaya Common Shares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Electrovaya Common's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Electrovaya Common Shares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Electrovaya Common Shares Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrovaya Common Shares. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
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When running Electrovaya Common's price analysis, check to measure Electrovaya Common's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Electrovaya Common is operating at the current time. Most of Electrovaya Common's value examination focuses on studying past and present price action to predict the probability of Electrovaya Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electrovaya Common's price. Additionally, you may evaluate how the addition of Electrovaya Common to your portfolios can decrease your overall portfolio volatility.
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Is Electrovaya Common's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Electrovaya Common. If investors know Electrovaya will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Electrovaya Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.04)
Revenue Per Share
1.22
Quarterly Revenue Growth
1.446
Return On Assets
0.003
The market value of Electrovaya Common Shares is measured differently than its book value, which is the value of Electrovaya that is recorded on the company's balance sheet. Investors also form their own opinion of Electrovaya Common's value that differs from its market value or its book value, called intrinsic value, which is Electrovaya Common's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Electrovaya Common's market value can be influenced by many factors that don't directly affect Electrovaya Common's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Electrovaya Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electrovaya Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electrovaya Common's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.