Aeva Technologies, Inc. (NASDAQ:AEVA – Get Free Report) CTO Mina Rezk sold 350,000 shares of Aeva Technologies stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $24.57, for a total value of $8,599,500.00. Following the completion of the sale, the chief technology officer directly owned 1,706,669 shares in the company, valued at $41,932,857.33. This represents a 17.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Mina Rezk also recently made the following trade(s):
- On Tuesday, May 5th, Mina Rezk sold 27,389 shares of Aeva Technologies stock. The shares were sold at an average price of $15.04, for a total value of $411,930.56.
Aeva Technologies Stock Performance
AEVA traded down $0.44 during trading on Wednesday, reaching $23.49. The company’s stock had a trading volume of 1,400,715 shares, compared to its average volume of 2,563,026. Aeva Technologies, Inc. has a 52-week low of $8.83 and a 52-week high of $38.80. The company’s fifty day moving average price is $19.71 and its 200-day moving average price is $16.36. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -4.71 and a beta of 2.41. The company has a debt-to-equity ratio of 7.32, a quick ratio of 3.89 and a current ratio of 4.09.
Institutional Trading of Aeva Technologies
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Wall Street Zen downgraded Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings upgraded Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.33.
Read Our Latest Report on AEVA
Aeva Technologies Company Profile
Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva’s core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company’s FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva’s systems from traditional time-of-flight LiDAR solutions.
Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.
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