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Electrovaya - ELVA Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $11.33
  • Forecasted Upside: 250.88%
  • Number of Analysts: 4
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 4 Buy Ratings
  • 0 Strong Buy Ratings
$3.23 As of 04/26/2024 01:00 AM ET
▲ +0.22 (7.31%)

This chart shows the closing price for ELVA by one month, three months, or twelve months.

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Analyst Price Target for ELVA

Analyst Price Target is $11.33
▲ +250.88% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Electrovaya in the last 3 months. The average price target is $11.33, with a high forecast of $16.00 and a low forecast of $8.00. The average price target represents a 250.88% upside from the last price of $3.23.

This chart shows the closing price for ELVA for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 4 investment analysts is to buy stock in Electrovaya. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

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Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
11/4/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
2/2/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
5/3/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
8/1/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/30/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/28/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/28/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/27/2024

Latest Recommendations

  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
3/26/2024Roth MkmReiterated RatingBuy ➝ Buy$8.00Low
3/6/2024Roth CapitalReiterated RatingBuyLow
3/6/2024Roth MkmInitiated CoverageBuy$8.00Low
1/4/2024Craig HallumLower TargetBuy ➝ Buy$14.00 ➝ $10.00Low
8/16/2023HC WainwrightReiterated RatingBuy ➝ Buy$16.00Low
(Data available from 4/27/2019 forward)

News Sentiment Rating

1.07 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/30/2023
  • 0 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/30/2023
  • 2 very positive mentions
  • 1 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
11/29/2023
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
12/29/2023
  • 5 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
1/28/2024
  • 4 very positive mentions
  • 4 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
2/27/2024
  • 2 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/28/2024
  • 3 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/27/2024

Current Sentiment

  • 3 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Electrovaya logo
Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It offers lithium-ion batteries and systems for materials handling electric vehicles, including forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as competencies in building systems for third parties. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was incorporated in 1996 and is headquartered in Mississauga, Canada.
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Today's Range

Now: $3.23
Low: $2.98
High: $3.24

50 Day Range

MA: $3.68
Low: $2.94
High: $4.11

52 Week Range

Now: $3.23
Low: $2.34
High: $5.50

Volume

43,088 shs

Average Volume

17,703 shs

Market Capitalization

$109.43 million

P/E Ratio

161.58

Dividend Yield

N/A

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Electrovaya?

The following Wall Street sell-side analysts have issued stock ratings on Electrovaya in the last year: Craig Hallum, HC Wainwright, Roth Capital, and Roth Mkm.
View the latest analyst ratings for ELVA.

What is the current price target for Electrovaya?

3 Wall Street analysts have set twelve-month price targets for Electrovaya in the last year. Their average twelve-month price target is $11.33, suggesting a possible upside of 250.9%. HC Wainwright has the highest price target set, predicting ELVA will reach $16.00 in the next twelve months. Roth Mkm has the lowest price target set, forecasting a price of $8.00 for Electrovaya in the next year.
View the latest price targets for ELVA.

What is the current consensus analyst rating for Electrovaya?

Electrovaya currently has 4 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe ELVA will outperform the market and that investors should add to their positions of Electrovaya.
View the latest ratings for ELVA.

What other companies compete with Electrovaya?

Other companies that are similar to Electrovaya include CBAK Energy Technology, ESS Tech, Flux Power, Dragonfly Energy and Ultralife. Learn More about companies similar to Electrovaya.

How do I contact Electrovaya's investor relations team?

Electrovaya's physical mailing address is 6688 Kitimat Road, Mississauga, ON L5N 1P8, Canada. The company's listed phone number is 905-855-4610 and its investor relations email address is [email protected]. The official website for Electrovaya is electrovaya.com. Learn More about contacing Electrovaya investor relations.