Electrovaya Common Shares Stock Price on September 27, 2024
| ELVA Stock | 2.64 0.04 1.54% |
Below is the normalized historical share price chart for Electrovaya Common Shares extending back to August 10, 2004. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Electrovaya Common stands at 2.64, as last reported on the 1st of December, with the highest price reaching 2.66 and the lowest price hitting 2.59 during the day.
If you're considering investing in Electrovaya Stock, it is important to understand the factors that can impact its price. Electrovaya Common appears to be relatively risky, given 3 months investment horizon. Electrovaya Common Shares secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. By reviewing Electrovaya Common's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Electrovaya Common's Downside Deviation of 2.96, mean deviation of 2.61, and Coefficient Of Variation of 765.12 to check if our risk estimates are consistent with your expectations.
At present, Electrovaya Common's Total Stockholder Equity is projected to decrease significantly based on the last few years of reporting. The current year's Common Stock Shares Outstanding is expected to grow to about 40.9 M, whereas Liabilities And Stockholders Equity is forecasted to decline to about 16.7 M. . At present, Electrovaya Common's Price Book Value Ratio is projected to drop based on the last few years of reporting. The current year's Price Earnings To Growth Ratio is expected to grow to 0.63, whereas Price To Sales Ratio is forecasted to decline to 2.41. Electrovaya Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 8th of January 2016 | 200 Day MA 2.7615 | 50 Day MA 2.2624 | Beta 1.376 |
Electrovaya |
Sharpe Ratio = 0.1394
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.78 actual daily | 33 67% of assets are more volatile |
Expected Return
| 0.53 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Electrovaya Common is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Electrovaya Common by adding it to a well-diversified portfolio.
Price Book 11.826 | Enterprise Value Ebitda 23.7165 | Price Sales 1.8209 | Shares Float 18.4 M | Wall Street Target Price 7.2 |
Electrovaya Common Valuation on September 27, 2024
It is possible to determine the worth of Electrovaya Common on a given historical date. On September 27, 2024 Electrovaya was worth 2.18 at the beginning of the trading date compared to the closed value of 2.36. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Electrovaya Common stock. Still, in general, we apply an absolute valuation method to find Electrovaya Common's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Electrovaya Common where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Electrovaya Common's related companies.
| Open | High | Low | Close | Volume | |
| 2.15 | 2.22 | 2.11 | 2.17 | 40,509 | |
09/27/2024 | 2.18 | 2.44 | 2.16 | 2.36 | 56,296 |
| 2.40 | 2.45 | 2.31 | 2.33 | 16,081 |
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Electrovaya Common Trading Date Momentum on September 27, 2024
| On September 30 2024 Electrovaya Common Shares was traded for 2.33 at the closing time. The top price for the day was 2.45 and the lowest listed price was 2.31 . The trading volume for the day was 16.1 K. The trading history from September 30, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.27% . The overall trading delta against the current closing price is 2.97% . |
Electrovaya Common Shares Fundamentals Correlations and Trends
By evaluating Electrovaya Common's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Electrovaya Common's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Electrovaya financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Electrovaya Common Stock history
Electrovaya Common investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Electrovaya is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Electrovaya Common Shares will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Electrovaya Common stock prices may prove useful in developing a viable investing in Electrovaya Common
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 38.9 M | 40.9 M | |
| Net Loss | -5.9 M | -6.2 M |
Electrovaya Common Stock Technical Analysis
Electrovaya Common technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Electrovaya Common Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Electrovaya Common Shares cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Electrovaya Common December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Electrovaya Common stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Electrovaya Common shares will generate the highest return on investment. By undertsting and applying Electrovaya Common stock market strength indicators, traders can identify Electrovaya Common Shares entry and exit signals to maximize returns
Electrovaya Common Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Electrovaya Common's price direction in advance. Along with the technical and fundamental analysis of Electrovaya Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Electrovaya to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1079 | |||
| Jensen Alpha | 0.3374 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.1182 | |||
| Treynor Ratio | 0.4343 |
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Complementary Tools for Electrovaya Stock analysis
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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