Electrovaya Stock Quote: Financial Information and Analyst Forecast

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Electrovaya's stock quote is listed on the Toronto Stock Exchange under the ticker symbol EFL. The company's financial information is publicly available, providing investors with a clear picture of its performance.

As of the latest update, Electrovaya's market capitalization is around $200 million CAD. This figure is subject to change based on market fluctuations and other factors.

Electrovaya's revenue has been steadily increasing over the years, with a notable surge in 2020. This growth is attributed to the company's expanding product line and growing demand for its electric bus propulsion systems.

The company's net loss has also been decreasing, with a significant reduction in 2020. This suggests that Electrovaya is on the right track to becoming profitable.

Financial Information

Electrovaya's revenue in 2024 was $44.62 million, a slight increase from the previous year.

This growth is a positive sign for the company, but let's take a closer look at the numbers.

Electrovaya's losses in 2024 were -$1.49 million, a 0.41% increase from 2023.

This increase in losses might be a concern, but it's essential to consider the context and the overall financial performance of the company.

Financial Performance

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Electrovaya's revenue in 2024 was $44.62 million, a 1.26% increase from the previous year.

This growth is a positive sign, but it's worth noting that the company still experienced losses of -$1.49 million.

Electrovaya's profit margin is a relatively low 1.2%, indicating that the company is still struggling to turn a profit.

Here's a summary of Electrovaya's financial performance in 2024:

Price Volatility

Electrovaya's price volatility is a topic worth exploring, especially if you're considering investing in the company. ELVA's average weekly movement is 10.1%, which is lower than the electrical industry average movement of 13.0%.

The company's price volatility is stable compared to the Canadian market, with a 1-month change of 7.89% and a 3-month change of 31.62%. Over the past year, ELVA's weekly volatility has been stable at 10%.

To put this into perspective, the 10% most volatile stocks in the CA market have an average weekly movement of 18.7%, while the 10% least volatile stocks have an average weekly movement of 2.9%. This suggests that ELVA's price volatility is relatively low compared to its peers.

Here's a comparison of ELVA's volatility with the market and industry averages:

Overall, ELVA's price volatility is relatively stable, making it an attractive option for investors looking for a low-risk investment.

Analyst Forecast

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Analysts are very optimistic about ELVA stock, with an average rating of "Strong Buy" from 5 experts.

The 12-month stock price forecast is a significant increase of 153.79% from the latest price, with an estimated value of $6.7.

Return

Return is a crucial aspect of a company's financial performance, and Electrovaya is no exception. According to the data, Electrovaya's 7-day return was 7.6%, which is significantly higher than the Canadian Electrical industry's return of -7.0%.

The company's 1-year return, however, was -21.5%, underperforming the Canadian Market's return of 16.6%. This indicates that Electrovaya's stock price has been volatile in the past year.

Here's a breakdown of Electrovaya's return compared to the Canadian Electrical industry and the Canadian Market:

In the US market, Electrovaya's 7-day return was 5.8%, while the US Electrical industry returned -10.1% and the US Market returned -0.2%. Over the past year, Electrovaya's return was -27.9%, underperforming the US Electrical industry's return of 22.9% and the US Market's return of 22.7%.

The data suggests that Electrovaya's return has been impacted by the company's performance in the US market. However, it's worth noting that the company has demonstrated strong reliability and performance in mission-critical off-road defense applications, which could potentially drive future growth.

Teri Little

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Teri Little is a seasoned writer with a passion for delivering insightful and engaging content to readers worldwide. With a keen eye for detail and a knack for storytelling, Teri has established herself as a trusted voice in the realm of financial markets news. Her articles have been featured in various publications, offering readers a unique perspective on market trends, economic analysis, and industry insights.

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