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 $3.20, up 1.59% from the previous day, and has decreased N/A in one year. It has underperformed other stocks in the Electrical Equipment & Parts industry by N/A percentage points. Electrovaya stock is currently +36.75% from its 52-week low of $2.34, and -41.82% from its 52-week high of $5.50.
As of May 10, 2024, there are 33.83M shares of ELVA outstanding. The market cap of ELVA is $108.26M. In the past 24 hours, 12,355 ELVA shares were traded.
How to Buy Electrovaya Stock
Not sure how to invest in Electrovaya stock? Here's how.
- Figure out where to buy Electrovaya stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Electrovaya stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Select your payment method 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 market research tools can help you decide 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 purchase ELVA shares at a particular price.
- Get notifications regarding your investment in ELVA: Create a watchlist to keep track of your position in Electrovaya stock.
Step 1: Figure out where to buy Electrovaya stock
You will need a brokerage account in order to access the NASDAQ market and buy ELVA stock.
Our preferred brokerage: eToro
Based on our research, eToro is the best brokerage. eToro gives you:
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- Social investing: eToro has a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by opening an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the best brokerage, it's time to fill out some personal information so you are able to invest in 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 open a new trading account.
- Submit your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've finished signing up on one of the best stock market apps, you need to deposit funds:
Watch the video below to see the process of transferring funds into your brokerage account.
Step 4: Analyze Electrovaya stock
Once you have figured out the best place to buy Electrovaya stock, it's absolutely critical to evaluate their stock prior to investing, so you truly wrap your head around the risk and opportunity.
Electrovaya shares quick numbers
Electrovaya Due Diligence Checks
WallStreetZen was created to help average investors perform better fundamental analysis quickly.
You can see all of the due diligence checks on ELVA's stock page.
How is ELVA stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge ELVA's intrinsic value.
Using relative valuations measures:
- ELVA could be overvalued based on its P/B ratio of 15.15x, relative to Electrical Equipment & Parts industry P/B ratio of 4.4x
You can do more valuation research on ELVA's stock here.
A quick look at ELVA Financials
Passed Financial Due Diligence Checks:
- There are more short-term assets than long-term liabilities on the ELVA balance sheet.
- ELVA profit margin has gone up from -56.6% to -3.4% in the past year.
Failed Financial Due Diligence Checks:
- ELVA's operating cash flow of $2.89M allows it to safely service it's debt of $19.03M.
- ELVA has a relatively high debt to equity ratio of 4.11.
- There are more short-term liabilities than short-term assets on the ELVA balance sheet.
- ELVA earnings of -$2.16M is not sufficient to cover its interest payments.
Is ELVA stock a Buy, Hold, or Sell, according to analysts?
Out of 2 Equities analysts who track ELVA, the consensus analyst rating on ELVA is a Strong Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Electrovaya stock forecast page.
ELVA Technical Indicators
ELVA Performance Metrics
Last year, ELVA revenue was $44.06M. Over the past 2 year, ELVA's revenue has increased by 95.02% per year. This was faster than the Electrical Equipment & Parts industry average of 9.13%.
Dig into ELVA's earnings and revenue performance here.
Are ELVA executives and large shareholders buying or selling the stock?
Over the last year, executives and large shareholders at ELVA have not bought or sold any shares.
Learn more about who owns ELVA shares here.
Can I rely on ELVA as an income stream?
No, Electrovaya doesn't provide an income stream by paying out dividends.
ELVA Social Trading Data
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your ELVA trade
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount limit, place a limit order.
Click the Open Trade button and your broker will place your order.
If you want more info about investing in stocks on eToro, click the helpful video below:
Step 6: Get notifications regarding your investment in ELVA
Now that you own some shares in ELVA, you'll want to stay up-to-date on your investment.
Put ELVA on a watchlist to track the latest developments regarding your ELVA stock.
ELVA Feed
How to Buy Stock in Electrovaya
To reiterate, here are the 6 steps to buy Electrovaya stock:
- 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 place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Electrovaya, click below.
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