ELVA

Electrovaya Inc

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4.780

+0.16(3.463%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

4.780

Open

4.620

VWAP

4.72

Vol

209.85K

Mkt Cap

191.71M

Low

4.600

Amount

989.95K

EV/EBITDA(TTM)

91.20

Total Shares

34.13M

205.75M

EV/OCF(TTM)

P/S(TTM)

3.56

Electrovaya Inc. is a Canada-based lithium-ion battery technology and manufacturing company. The Company designs, develops and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. The Company is focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. Its technology includes infinity battery technology and solid state battery technology. The Company’s product portfolio includes cell technology, infinity battery systems, low voltage, and high voltage. Its infinity battery system-high voltage applications include E-buses, E-trucks, Mining Vehicles, and Defense. The Company has two operating sites in Canada and a 52-acre site with a 135,000 square foot manufacturing facility in Jamestown, New York state for its planned gigafactory.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q3

FY2025Q4

FY2026Q1

17.25M

+67.9%

20.72M

+79.34%

17.14M

+53.44%

Estimates Revision

The market is revising Downward the revenue expectations for Electrovaya Inc. (ELVA) for FY2025, with the revenue forecasts being adjusted by -0.39% over the past three months. During the same period, the stock price has changed by 76.38%.

Revenue Estimates for FY2025

Revise Downward

-0.39%

In Past 3 Month

Stock Price

Go Up

+76.38%

In Past 3 Month

4 Analyst Rating

35.98% Upside

Wall Street analysts forecast ELVA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ELVA is 6.50 USD with a low forecast of 4.50 USD and a high forecast of 10.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

4 Buy

0 Hold

0 Sell

Strong Buy

35.98% Upside

Current: 4.780

Low

4.50

Averages

6.50

High

10.00

35.98% Upside

Current: 4.780

Low

4.50

Averages

6.50

High

10.00

HC Wainwright & Co.

Amit Dayal

Strong Buy

Reiterates

$10

2025-02-14

Reason

HC Wainwright & Co.

Amit Dayal

Price Target

$10

2025-02-14

Reiterates

Strong Buy

Reason

Roth MKM

Craig Irwin

Strong Buy

Reiterates

$4 → $5

2025-02-14

Reason

Roth MKM

Craig Irwin

Price Target

$4 → $5

2025-02-14

Reiterates

Strong Buy

Reason

Raymond James

Daniel Magder

Strong Buy

Initiates

$4.5

2025-01-23

Reason

Raymond James

Daniel Magder

Price Target

$4.5

2025-01-23

Initiates

Strong Buy

Reason

Raymond James analyst Daniel Magder initiated coverage of Electrovaya with a Strong Buy rating and $4.50 price target.

HC Wainwright & Co.

Amit Dayal

Strong Buy

Maintains

$16 → $10

2024-12-13

Reason

HC Wainwright & Co.

Amit Dayal

Price Target

$16 → $10

2024-12-13

Maintains

Strong Buy

Reason

Alliance Global Partners

Jeff Grampp

Strong Buy

Initiates

2024-09-26

Reason

Alliance Global Partners

Jeff Grampp

Price Target

2024-09-26

Initiates

Strong Buy

Reason

Alliance Global Partners analyst Jeff Grampp initiated coverage of Electrovaya with a Buy rating and $5 price target. Electrovaya is a pure-play North American lithium-ion battery manufacturer, the analyst tells investors in a research note. The firm says the company has a proven track record of adjusted EBITDA profitability and a strong battery technology platform. Electrovaya is also moving towards establishing scaled U.S.-based battery manufacturing, which can be a meaningful catalyst for shares, contends Alliance Global. It finds the stock be attractively valued given the company's growth opportunities, technology and history of adjusted EBITDA profitability.

Craig-Hallum

Eric Stine

Strong Buy

Maintains

$9 → $6

2024-08-14

Reason

Craig-Hallum

Eric Stine

Price Target

$9 → $6

2024-08-14

Maintains

Strong Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Electrovaya Inc (ELVA.O) is 39.08, compared to its 5-year average forward P/E of -19.08. For a more detailed relative valuation and DCF analysis to assess Electrovaya Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

-19.08

Current PE

39.08

Overvalued PE

51.98

Undervalued PE

-90.15

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

4.41

Current EV/EBITDA

15.71

Overvalued EV/EBITDA

50.87

Undervalued EV/EBITDA

-42.05

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

3.31

Current PS

2.55

Overvalued PS

6.06

Undervalued PS

0.56