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NASDAQ: ELVA
Electrovaya Inc Stock Forecast, Predictions & Price Target

Analyst price target for ELVA

Based on 3 analysts offering 12 month price targets for Electrovaya Inc.
Min Forecast
$8.00+179.72%
Avg Forecast
$11.00+284.62%
Max Forecast
$16.00+459.44%

Should I buy or sell ELVA stock?

Based on 3 analysts offering ratings for Electrovaya Inc.
Strong Buy
Strong Buy
1 analysts 33.33%
Buy
2 analysts 66.67%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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ELVA stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-05-15
lockedlocked$00.00+00.00%2024-05-15
lockedlocked$00.00+00.00%2024-05-15

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Forecast return on equity

Is ELVA forecast to generate an efficient return?

Forecast return on assets

Is ELVA forecast to generate an efficient return on assets?

ELVA revenue forecast

What is ELVA's revenue in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$63.8M+31.22%
Avg 2 year Forecast
$113.2M+132.89%
Avg 3 year Forecast
$152.6M+213.86%
ELVA's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

ELVA revenue growth forecast

How is ELVA forecast to perform vs Electrical Equipment & Parts companies and vs the US market?
Company
47.61%
Industry
58.8%
Market
10.44%
ELVA's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
ELVA's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

ELVA vs Electrical Equipment & Part Stocks

TickerPricePrice TargetUp/downsideConsensus
ELVA$2.86$11.00+284.62%Strong Buy
NEOV$3.04N/AN/A
SKYX$0.88$5.00+470.13%Buy
MVST$0.35$4.50+1,185.71%Buy
CBAT$1.30N/AN/A

Electrovaya Stock Forecast FAQ

Is Electrovaya Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 3 Wall Street analysts covering (NASDAQ: ELVA) stock is to Strong Buy ELVA stock.

Out of 3 analysts, 1 (33.33%) are recommending ELVA as a Strong Buy, 2 (66.67%) are recommending ELVA as a Buy, 0 (0%) are recommending ELVA as a Hold, 0 (0%) are recommending ELVA as a Sell, and 0 (0%) are recommending ELVA as a Strong Sell.

If you're new to stock investing, here's how to buy Electrovaya stock.

What is ELVA's revenue growth forecast for 2024-2026?

(NASDAQ: ELVA) Electrovaya's forecast annual revenue growth rate of 47.61% is not forecast to beat the US Electrical Equipment & Parts industry's average forecast revenue growth rate of 58.8%, and while it is forecast to beat the US market's average forecast revenue growth rate of 10.44%.

Electrovaya's revenue in 2024 is $48,607,000.On average, 3 Wall Street analysts forecast ELVA's revenue for 2024 to be $2,177,077,044, with the lowest ELVA revenue forecast at $1,958,959,729, and the highest ELVA revenue forecast at $2,353,550,677. On average, 3 Wall Street analysts forecast ELVA's revenue for 2025 to be $3,864,089,880, with the lowest ELVA revenue forecast at $3,596,716,966, and the highest ELVA revenue forecast at $4,240,828,660.

In 2026, ELVA is forecast to generate $5,207,508,212 in revenue, with the lowest revenue forecast at $5,207,508,212 and the highest revenue forecast at $5,207,508,212.

What is ELVA's forecast return on assets (ROA) for 2024-2027?

(NASDAQ: ELVA) forecast ROA is N/A, which is lower than the forecast US Electrical Equipment & Parts industry average of N/A.

What is ELVA's Price Target?

According to 3 Wall Street analysts that have issued a 1 year ELVA price target, the average ELVA price target is $11.00, with the highest ELVA stock price forecast at $16.00 and the lowest ELVA stock price forecast at $8.00.

On average, Wall Street analysts predict that Electrovaya's share price could reach $11.00 by May 15, 2025. The average Electrovaya stock price prediction forecasts a potential upside of 284.62% from the current ELVA share price of $2.86.

What is ELVA's forecast return on equity (ROE) for 2024-2027?

(NASDAQ: ELVA) forecast ROE is N/A, which is considered weak.
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