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Aeva Technologies Sees Unusually High Options Volume (NYSE:AEVA)

Defense World · Sep 22, 2022 04:32

Aeva Technologies, Inc. (NYSE:AEVA – Get Rating) saw unusually large options trading on Wednesday. Stock investors bought 8,749 put options on the stock. This is an increase of approximately 1,050% compared to the average daily volume of 761 put options.

Insider Transactions at Aeva Technologies

In related news, CFO Saurabh Sinha sold 11,997 shares of the business's stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $2.75, for a total value of $32,991.75. Following the completion of the sale, the chief financial officer now owns 192,797 shares in the company, valued at approximately $530,191.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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Institutional Trading of Aeva Technologies

A number of hedge funds have recently bought and sold shares of AEVA. Northern Trust Corp increased its position in shares of Aeva Technologies by 25.5% during the fourth quarter. Northern Trust Corp now owns 878,032 shares of the company's stock worth $6,638,000 after purchasing an additional 178,635 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Aeva Technologies in the 4th quarter valued at $137,000. Rhumbline Advisers increased its position in shares of Aeva Technologies by 40.8% in the 4th quarter. Rhumbline Advisers now owns 129,717 shares of the company's stock valued at $981,000 after acquiring an additional 37,602 shares during the period. Polarity Investment Partners LP acquired a new stake in Aeva Technologies during the 4th quarter worth about $259,000. Finally, Point72 Asset Management L.P. acquired a new stake in Aeva Technologies during the 4th quarter worth about $1,433,000. Hedge funds and other institutional investors own 47.10% of the company's stock.

Aeva Technologies Trading Down 4.8 %

AEVA stock opened at $2.20 on Thursday. The stock has a market cap of $479.16 million, a PE ratio of -3.73 and a beta of 0.90. The company has a 50-day moving average price of $3.28 and a 200 day moving average price of $3.42. Aeva Technologies has a 12 month low of $2.20 and a 12 month high of $10.75.

Aeva Technologies (NYSE:AEVA – Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.16) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.16). Aeva Technologies had a negative return on equity of 27.32% and a negative net margin of 1,407.47%. During the same period last year, the business earned ($0.11) earnings per share. Sell-side analysts forecast that Aeva Technologies will post -0.69 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their price objective on Aeva Technologies from $3.00 to $4.50 and gave the company a "neutral" rating in a research report on Thursday, August 4th.

About Aeva Technologies

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Aeva Technologies, Inc, through its frequency modulated continuous wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that enables the adoption of LiDAR across various applications. from automated driving to consumer electronics, consumer health, industrial automation, and security application.