Aeva Technologies (AEVA) AI Stock Analysis

• Market Cap: $398.86M
• Dividend Yield: N/A
• Average Volume (3M): 1.24M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.83
• Revenue Growth: 110.23%
• EPS Growth: 12.96%
• Country: US
• Employees: 276
• Sector: Technology
• Sector Strength: 40
• Industry: Auto - Parts
• EPS (TTM): -2.85
• Shares Outstanding: 54,713,688
• 10 Day Avg. Volume: 2,038,252
• 30 Day Avg. Volume: 1,243,608
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 28.29
• Price to Cash Flow (P/CF): -2.20
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $6.54
• Price Target Upside: -10.29% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

Aeva Technologies demonstrates strong revenue growth and strategic initiatives, yet faces significant financial challenges. The stock shows positive momentum but caution is advised due to overbought indicators. Valuation is hindered by persistent losses. Overall, improvements in profitability and cash flow are vital for a stronger stock performance.

Positive Factors

Market Demand

There is growing interest in Aeva's flagship Atlas systems, suggesting strong market demand.

Strategic Partnerships

Aeva announced they had secured a win with a top-10 global OEM customer, a long awaited proof point for Aeva in the passenger vehicle market.

Technological Advantage

Aeva's FMCW is seen as a leadership technology in its space, suggesting a competitive advantage.

Negative Factors

Revenue Challenges

Despite the recent win, Aeva has lagged some more scaled peers in the space in terms of revenue as lidar has been a slow market to inflect in the US.

Aeva Technologies Business Overview & Revenue Model

Company Description

Aeva Technologies, Inc., through its frequency modulated continuous wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that enables the adoption of LiDAR across various applications. from automated driving to consumer electronics, consumer health, industrial automation, and security application. The company was founded in 2017 is based in Mountain View, California.

How the Company Makes Money

Aeva Technologies generates revenue primarily through the sale and licensing of its LiDAR and perception systems to automotive manufacturers and technology companies involved in the development of autonomous vehicles. The company also engages in strategic partnerships and collaborations with other firms in the automotive and technology industries to integrate its sensing solutions into a variety of applications, which contributes to its revenue streams. Additionally, Aeva may receive income from research and development contracts and government grants aimed at advancing autonomous driving technologies.

Aeva Technologies Financial Statement Overview

Summary

Aeva Technologies shows promising revenue growth but faces challenges in profitability and cash flow management. While it maintains a stable balance sheet with low leverage, the decrease in equity and cash reserves needs attention. Addressing operational inefficiencies is crucial for financial stability.

Income Statement

Aeva Technologies shows a mixed performance in its income statement. The company has experienced significant revenue growth, rising from $4.31M in 2023 to $9.07M in 2024, indicating a positive trend. However, the company is struggling with profitability as evidenced by consistent negative net income and gross profit margins. The EBIT and EBITDA margins are negative, reflecting ongoing operational challenges.

Balance Sheet

The balance sheet reveals a stable financial position with a low debt-to-equity ratio, reflecting conservative leverage practices. However, the equity ratio has decreased from previous years, indicating a reduction in the company's reliance on equity financing. The company's cash reserves are substantial, though they have decreased over time, requiring careful cash management going forward.

Cash Flow

Aeva Technologies faces challenges in cash flow management, with persistent negative free cash flow over the years. Operating cash flow remains negative, limiting the company's ability to generate cash from core operations. Although there is substantial investing cash flow, primarily from cash reserves, reliance on external financing for operational needs could pose a risk if not addressed.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
9.06M	4.31M	4.19M	9.27M	4.84M
	Gross Profit
-3.79M	-5.89M	-4.25M	3.43M	2.10M
	EBIT
-146.87M	-147.79M	-151.96M	-104.19M	-25.74M
	EBITDA
-137.93M	-140.08M	-145.81M	-101.14M	-24.94M
	Net Income Common Stockholders
-152.26M	-149.33M	-142.66M	-101.51M	-25.38M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
112.01M	221.03M	323.81M	445.01M	24.62M
	Total Assets
147.49M	257.38M	356.63M	479.19M	32.63M
	Total Debt
720.00K	7.35M	7.46M	10.33M	0.00
	Net Debt
-28.14M	-31.19M	-59.96M	-56.48M	-24.62M
	Total Liabilities
48.14M	28.94M	26.71M	22.81M	84.92M
	Stockholders Equity
99.35M	228.44M	329.93M	456.38M	-52.29M
Cash Flow		Free Cash Flow
-112.02M	-124.93M	-117.35M	-90.45M	-22.09M
	Operating Cash Flow
-106.91M	-118.83M	-109.91M	-82.11M	-21.23M
	Investing Cash Flow
97.90M	69.28M	110.89M	-388.57M	-855.00K
	Financing Cash Flow
-671.00K	20.68M	-369.00K	512.86M	73.00K

Aeva Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.29
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AEVA, the sentiment is Positive. The current price of 7.29 is above the 20-day moving average (MA) of 5.54, above the 50-day MA of 4.44, and above the 200-day MA of 3.82, indicating a bullish trend. The MACD of 0.84 indicates Negative momentum. The RSI at 85.33 is Negative, neither overbought nor oversold. The STOCH value of 94.65 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AEVA.

Aeva Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	57 Neutral	$20.31B	10.03	-14.49%	2.79%	5.15%	-23.76%
OUST	56 Neutral	$398.41M	―	-53.83%	―	33.41%	81.07%
AEVA	53 Neutral	$398.86M	―	-92.90%	―	110.23%	12.96%
MVIS	49 Neutral	$311.16M	―	-134.07%	―	-35.31%	-2.18%
LAZR	43 Neutral	$205.59M	―	146.24%	―	8.05%	58.44%
LIDR	43 Neutral	$10.84M	―	-160.65%	―	-86.20%	67.94%
INVZ	40 Underperform	$112.08M	―	-81.61%	―	16.25%	32.95%

Aeva Technologies Corporate Events

Aeva Technologies Appoints New Director Amid Leadership Changes

On March 27, 2025, Aeva Technologies announced the appointment of Katherine Motlagh as a Class I director on its Board of Directors, bringing her extensive financial and telecommunications experience to the company. This strategic addition comes as Aeva is poised to scale its 4D LiDAR technology for mass production, aiming to expand its market presence across industries such as automotive, robotics, and infrastructure. Concurrently, Erin L. Polek resigned from the Board due to personal reasons, with no disagreements with the company, marking a transition in Aeva’s leadership as it continues to pursue its growth objectives.

Aeva Technologies Moves Stock Listing to Nasdaq

On January 16, 2025, Aeva Technologies announced its decision to transfer the listing of its common stock and warrants from the New York Stock Exchange to the Nasdaq Global Select Market, effective January 28, 2025. This strategic move is expected to enhance the company’s industry positioning by gaining access to Nasdaq’s corporate services and branding support, potentially benefiting stakeholders through improved market presence.