How to Buy Electrovaya Stock
Electrovaya Inc
Electrovaya Inc. , together with its subsidiaries, engages in the designing, developing, and manufacturing lithium-ion advanced battery and battery systems in North America.
Electrovaya stock last closed at $11.12, down 0.98% from the previous day, and has increased 369.2% in one year. It has overperformed other stocks in the Electrical Equipment & Parts industry by 3.38 percentage points. Electrovaya stock is currently +517.78% from its 52-week low of $1.80, and -6.4% from its 52-week high of $11.88.
At the moment, there are 42.11M shares of ELVA outstanding. The market capitalization of ELVA is $468.25M. In the past 24 hours, 1.06M ELVA shares were traded.
How to Buy Electrovaya Stock
Wondering how to invest in Electrovaya stock? Here's how.
- Figure out where to buy Electrovaya stock: You need to pick an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you determine where to buy Electrovaya stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your investment account: Choose your method of payment and add your information.
- Analyze Electrovaya stock: The Electrovaya ticker symbol is ELVA. Is Electrovaya stock a good investment? Should you buy shares of ELVA? How do ELVA's underlying business fundamentals look? Do top analysts think Electrovaya is a good buy? Why has ELVA's stock price moved recently? (Hint: Our stock research website can help you figure out if ELVA is a good stock to buy).
- Execute your ELVA trade: Decide if you will purchase ELVA shares at the current market price or use a limit order to buy ELVA shares at a specific price.
- Get notifications regarding your investment in ELVA: Create a watchlist to key updates about your new investment in Electrovaya shares.
Step 1: Figure out where to buy Electrovaya stock
You need an online brokerage account to access the NASDAQ market and buy ELVA shares.
Our preferred brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. eToro gives you:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to global financial markets: From Technology to Energy, New York to Hong Kong (for US users, only US stocks are available) — you can fill your portfolio with stocks from the world's leading exchanges.
- Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by signing up for an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Open your brokerage account
Now that you've picked your brokerage, it's time to fill out some personal info so you are able to buy ELVA today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start a new trading account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have finished signing up on the best stock broker app, you need to deposit funds:
Watch the walkthrough below for more details transferring money into your new brokerage account.
Step 4: Analyze Electrovaya stock
Once you have decided on the best place to buy Electrovaya stock, it's absolutely critical to research their stock prior to investing, so you truly understand the risk as well as the opportunity.
Electrovaya quick stats
Electrovaya Fundamentals
WallStreetZen was created to help average investors do more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on ELVA's stock page.
What is the fair value of ELVA stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge ELVA's true value.
Using relative valuations ratios:
- ELVA may be undervalued based on its P/E ratio of 123.56x, relative to Electrical Equipment & Parts industry P/E ratio of 421.97x
- ELVA may be overvalued based on its P/B ratio of 15.04x, relative to Electrical Equipment & Parts industry P/B ratio of 9.15x
- ELVA may be overvalued based on its PEG ratio of 1.43x
You can access more valuation research on ELVA's stock here.
ELVA Financial Overview
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the ELVA balance sheet.
- ELVA has cash burn of 2380000. It has sufficient cash and short-term investments to cover this for at least one year.
- ELVA has $7.01M in cash and short term investments. This is sufficient to cover its annual cash burn of $2.38M.
- ELVA profit margin has gone up from -3.3% to 5.3% in the past year.
- There are more short-term assets than long-term liabilities on the ELVA balance sheet.
Failed Financial Due Diligence Checks:
- ELVA has a relatively high debt to equity ratio of 1.05.
Is it a good time to buy Electrovaya stock, according to Wall Street analysts?
Out of 1 Equities analysts who track ELVA, the consensus analyst rating on ELVA is a Buy
Please note that analyst ratings are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are forecasting on the Electrovaya stock forecast page.
ELVA Technicals
Is ELVA Making Money?
Last year, ELVA revenue was $63.83M. During the past four year, ELVA's revenue has gone up by 53.21% per year. This was faster than the Electrical Equipment & Parts industry average of 20.48%.
Dig into ELVA's earnings and revenue performance here.
Latest Insiders Trades at ELVA
Over the past 12 months, insiders at ELVA have not bought or sold any shares.
Research more about who owns ELVA stock here.
Does ELVA stock generate passive income?
No, Electrovaya doesn't provide an income stream by paying out dividends.
What others are saying about ELVA
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your ELVA trade
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally fine. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact price, use a limit order.
Hit the Open Trade button and eToro will execute the order.
If you require more help with buying stocks on eToro, click the helpful video below:
Step 6: Get notifications regarding your investment in ELVA
Now that you own some ELVA shares, you'll want to keep up with your new investment.
Add ELVA to a watchlist to get alerted to the latest events about your ELVA stock.
ELVA Feed
How to Buy Stock in Electrovaya
To summarize, here are the 6 steps you need to take to buy Electrovaya stock right now:
- Figure out where to buy Electrovaya stock
- Open your brokerage account
- Fund your investment account
- Analyze Electrovaya stock
- Execute your ELVA trade
- Get notifications regarding your investment in ELVA
If you require a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to track your new investment in Electrovaya, add ELVA to your watchlist by clicking the button below.
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