Electrovaya (ELVA) Stock Forecast, Price Target & Predictions

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ELVA Stock Forecast

Electrovaya stock forecast is as follows: an average price target of $1.10 (represents a -56.00% downside from ELVA’s last price of $2.50) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.

ELVA Price Target

The average price target for Electrovaya (ELVA) is $1.10 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $1.20 to $1.00. This represents a potential -56.00% downside from ELVA's last price of $2.50.

ELVA Analyst Ratings

Buy

According to 2 Wall Street analysts, Electrovaya's rating consensus is 'Buy'. The analyst rating breakdown for ELVA stock is 0 'Strong Buy' (0.00%), 2 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Electrovaya Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Sep 26, 2024	Jeff Grampp	Industrial Alliance Securities	$1.00	$0.43	130.41%	-60.00%
Aug 14, 2024	Eric Stine	Craig-Hallum	$1.20	$0.39	206.12%	-52.00%
May 15, 2024	Eric Stine	Craig-Hallum	$1.80	$0.63	185.53%	-28.00%

The latest Electrovaya stock forecast, released on Sep 26, 2024 by Jeff Grampp from Industrial Alliance Securities, set a price target of $1.00, which represents a 130.41% increase from the stock price at the time of the forecast ($0.43), and a -60.00% decrease from ELVA last price ($2.50).

Electrovaya Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	3
Avg Price Target	-	-	$1.33
Last Closing Price	$2.50	$2.50	$2.50
Upside/Downside	-100.00%	-100.00%	-46.80%

In the current month, the average price target of Electrovaya stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Electrovaya's last price of $2.50. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Sep 26, 2024	Alliance Global Partners		Buy	Initialise
Aug 14, 2024	Craig-Hallum	Buy	Buy	Hold
May 15, 2024	Craig-Hallum	Buy	Buy	Hold

Electrovaya's last stock rating was published by Alliance Global Partners on Sep 26, 2024. The company Initialise its ELVA rating from "null" to "Buy".

Electrovaya Financial Forecast

Electrovaya Revenue Forecast

	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	$14.60M	$10.08M	$10.27M	$7.62M	$9.33M	$4.30M	$4.29M	$1.25M	$2.49M	$1.92M	$2.79M	$2.58M	$6.06M	$3.94M	$1.95M	$861.00K	$504.00K	$1.16M
Avg Forecast	$31.26M	$28.18M	$24.55M	$19.08M	$21.28M	$19.03M	$16.36M	$12.01M	$11.90M	$15.04M	$15.88M	$11.97M	$13.40M	$11.30M	$10.46M	$10.20M	$9.70M	$6.93M	$6.48M	$3.33M	$4.24M	$9.00M	$4.00M	$5.00M	$6.25M	$6.00M	$5.00M	$1.00M	$520.00K	$2.90M
High Forecast	$35.88M	$32.35M	$28.18M	$21.90M	$24.42M	$21.84M	$18.37M	$13.49M	$13.66M	$17.27M	$18.22M	$13.10M	$15.38M	$12.97M	$12.00M	$11.45M	$9.70M	$6.93M	$6.48M	$3.33M	$4.24M	$9.00M	$4.00M	$5.00M	$6.25M	$6.00M	$5.00M	$1.00M	$520.00K	$2.90M
Low Forecast	$27.76M	$25.03M	$21.81M	$16.94M	$18.90M	$16.90M	$14.22M	$10.86M	$10.57M	$13.36M	$14.10M	$10.85M	$11.90M	$10.04M	$9.29M	$9.26M	$9.70M	$6.93M	$6.48M	$3.33M	$4.24M	$9.00M	$4.00M	$5.00M	$6.25M	$6.00M	$5.00M	$1.00M	$520.00K	$2.90M
# Analysts	1	1	1	1	1	1	3	3	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.09%	0.89%	0.98%	0.75%	0.96%	0.62%	0.66%	0.38%	0.59%	0.21%	0.70%	0.52%	0.97%	0.66%	0.39%	0.86%	0.97%	0.40%

Electrovaya's average Quarter revenue forecast for Dec 23 based on 2 analysts is $11.97M, with a low forecast of $10.85M, and a high forecast of $13.10M. ELVA's average Quarter revenue forecast represents a -17.97% decrease compared to the company's last Quarter revenue of $14.60M (Sep 23).

Electrovaya EBITDA Forecast

	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
# Analysts	1	1	1	1	1	1	3	3	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	$707.00K	$776.00K	$682.00K	$-581.00K	$-268.00K	$-992.00K	$-1.26M	$-1.47M	$-1.26M	$-1.26M	$-827.00K	$-941.00K	$773.00K	$489.00K	$-986.00K	$-867.00K	$-1.83M	$-610.00K
Avg Forecast	$-11.80M	$-10.64M	$-9.27M	$-7.20M	$-8.03M	$-7.19M	$-6.18M	$-4.53M	$-4.49M	$-5.68M	$-5.99M	$-4.52M	$-5.06M	$-4.27M	$-3.95M	$-3.85M	$-3.72M	$-2.66M	$-2.49M	$-1.28M	$-1.63M	$-3.46M	$-1.54M	$-1.92M	$-2.40M	$-2.30M	$-1.92M	$-383.95K	$-199.66K	$-1.11M
High Forecast	$-10.48M	$-9.45M	$-8.23M	$-6.40M	$-7.14M	$-6.38M	$-5.37M	$-4.10M	$-3.99M	$-5.04M	$-5.32M	$-4.09M	$-4.49M	$-3.79M	$-3.51M	$-3.50M	$-3.72M	$-2.66M	$-2.49M	$-1.28M	$-1.63M	$-3.46M	$-1.54M	$-1.92M	$-2.40M	$-2.30M	$-1.92M	$-383.95K	$-199.66K	$-1.11M
Low Forecast	$-13.55M	$-12.21M	$-10.64M	$-8.27M	$-9.22M	$-8.25M	$-6.94M	$-5.09M	$-5.16M	$-6.52M	$-6.88M	$-4.95M	$-5.81M	$-4.90M	$-4.53M	$-4.32M	$-3.72M	$-2.66M	$-2.49M	$-1.28M	$-1.63M	$-3.46M	$-1.54M	$-1.92M	$-2.40M	$-2.30M	$-1.92M	$-383.95K	$-199.66K	$-1.11M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-0.14%	-0.18%	-0.17%	0.15%	0.07%	0.37%	0.51%	1.15%	0.77%	0.37%	0.54%	0.49%	-0.32%	-0.21%	0.51%	2.26%	9.15%	0.55%

2 analysts predict ELVA's average Quarter EBITDA for Dec 23 to be $-4.52M, with a high of $-4.09M and a low of $-4.95M. This is -739.45% lower than Electrovaya's previous annual EBITDA (Sep 23) of $707.00K.

Electrovaya Net Income Forecast

	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
# Analysts	1	1	1	1	1	1	3	3	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	$-141.00K	$77.00K	$170.00K	$-3.70M	$-680.00K	$-1.46M	$-2.25M	$-2.15M	$-2.03M	$-1.79M	$-1.87M	$-1.84M	$-696.00K	$4.83M	$-1.11M	$-1.91M	$-2.48M	$-1.23M
Avg Forecast	$4.44M	$2.73M	$853.35K	$-682.68K	$1.79M	$1.28M	$1.02M	$-341.34K	$-303.79K	$682.68K	$910.25K	$-341.34K	$-341.34K	$-853.35K	-	-	$-853.35K	$-853.35K	-	$-1.71M	$-1.71M	-	$-1.71M	-	-	-	-	$-3.41M	$-6.83M	$-5.12M
High Forecast	$5.29M	$3.26M	$1.02M	$-583.43K	$2.14M	$1.53M	$1.71M	$-291.71K	$-259.63K	$813.82K	$915.94K	$-291.71K	$-291.71K	$-729.29K	-	-	$-853.35K	$-853.35K	-	$-1.71M	$-1.71M	-	$-1.71M	-	-	-	-	$-3.41M	$-6.83M	$-5.12M
Low Forecast	$3.79M	$2.33M	$729.29K	$-813.82K	$1.53M	$1.09M	$682.68K	$-406.91K	$-362.15K	$583.43K	$904.57K	$-406.91K	$-406.91K	$-1.02M	-	-	$-853.35K	$-853.35K	-	$-1.71M	$-1.71M	-	$-1.71M	-	-	-	-	$-3.41M	$-6.83M	$-5.12M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.41%	-0.09%	-	-	0.80%	1.71%	-	1.26%	1.19%	-	1.09%	-	-	-	-	0.56%	0.36%	0.24%

Electrovaya's average Quarter net income forecast for Sep 23 is $-341.34K, with a range of $-406.91K to $-291.71K. ELVA's average Quarter net income forecast represents a -543.30% decrease compared to the company's last Quarter net income of $77.00K (Jun 23).

Electrovaya SG&A Forecast

	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
# Analysts	1	1	1	1	1	1	3	3	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	$2.40M	$1.61M	$1.24M	$1.50M	$1.58M	$1.36M	$1.26M	$1.08M	$1.39M	$1.33M	$960.00K	$856.00K	$924.00K	$579.00K	$762.00K	$783.00K	$1.53M	$631.00K
Avg Forecast	$13.71M	$12.36M	$10.77M	$8.37M	$9.33M	$8.35M	$7.17M	$5.27M	$5.22M	$6.60M	$6.96M	$5.25M	$5.88M	$4.96M	$4.59M	$4.47M	$4.25M	$3.04M	$2.84M	$1.46M	$1.86M	$3.95M	$1.75M	$2.19M	$2.74M	$2.63M	$2.19M	$438.60K	$228.07K	$1.27M
High Forecast	$15.74M	$14.19M	$12.36M	$9.60M	$10.71M	$9.58M	$8.06M	$5.92M	$5.99M	$7.57M	$7.99M	$5.75M	$6.75M	$5.69M	$5.26M	$5.02M	$4.25M	$3.04M	$2.84M	$1.46M	$1.86M	$3.95M	$1.75M	$2.19M	$2.74M	$2.63M	$2.19M	$438.60K	$228.07K	$1.27M
Low Forecast	$12.18M	$10.98M	$9.56M	$7.43M	$8.29M	$7.41M	$6.24M	$4.76M	$4.64M	$5.86M	$6.18M	$4.76M	$5.22M	$4.40M	$4.07M	$4.06M	$4.25M	$3.04M	$2.84M	$1.46M	$1.86M	$3.95M	$1.75M	$2.19M	$2.74M	$2.63M	$2.19M	$438.60K	$228.07K	$1.27M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.41%	0.32%	0.27%	0.34%	0.37%	0.45%	0.44%	0.74%	0.75%	0.34%	0.55%	0.39%	0.34%	0.22%	0.35%	1.79%	6.70%	0.50%

Electrovaya's average Quarter SG&A projection for Dec 23 is $5.25M, based on 2 Wall Street analysts, with a range of $4.76M to $5.75M. The forecast indicates a 119.09% rise compared to ELVA last annual SG&A of $2.40M (Sep 23).

Electrovaya EPS Forecast

	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
# Analysts	1	1	1	1	1	1	3	3	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
EPS	-	-	-	-	-	-	-	-	-	-	-	-	$-0.00	-	$0.01	$-0.12	$-0.02	$-0.05	$-0.08	$-0.07	$-0.07	$-0.06	$-0.07	$-0.07	-	$0.25	$-0.05	$-0.09	-	$-0.06
Avg Forecast	$0.13	$0.08	$0.03	$-0.02	$0.05	$0.04	$0.03	$-0.01	$-0.01	$0.02	$0.03	$-0.01	$-0.01	$-0.03	-	-	$-0.03	$-0.03	-	$-0.05	$-0.05	-	$-0.05	-	-	-	-	$-0.10	$-0.20	$-0.15
High Forecast	$0.15	$0.10	$0.03	$-0.02	$0.06	$0.04	$0.05	$-0.01	$-0.01	$0.02	$0.03	$-0.01	$-0.01	$-0.02	-	-	$-0.03	$-0.03	-	$-0.05	$-0.05	-	$-0.05	-	-	-	-	$-0.10	$-0.20	$-0.15
Low Forecast	$0.11	$0.07	$0.02	$-0.02	$0.04	$0.03	$0.02	$-0.01	$-0.01	$0.02	$0.03	$-0.01	$-0.01	$-0.03	-	-	$-0.03	$-0.03	-	$-0.05	$-0.05	-	$-0.05	-	-	-	-	$-0.10	$-0.20	$-0.15
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.42%	-0.09%	-	-	0.92%	1.99%	-	1.48%	1.39%	-	1.33%	-	-	-	-	0.86%	-	0.38%

According to 1 Wall Street analysts, Electrovaya's projected average Quarter EPS for Sep 23 is $-0.01, with a low estimate of $-0.01 and a high estimate of $-0.01. This represents a -534.78% decrease compared to ELVA previous annual EPS of - (Jun 23).

ELVA Forecast FAQ

Is Electrovaya a good buy?

Yes, according to 2 Wall Street analysts, Electrovaya (ELVA) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 100.00% of ELVA's total ratings.

What is ELVA's price target?

Electrovaya (ELVA) average price target is $1.1 with a range of $1 to $1.2, implying a -56.00% from its last price of $2.5. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Electrovaya stock go up soon?

According to Wall Street analysts' prediction for ELVA stock, the company can go down by -56.00% (from the last price of $2.5 to the average price target of $1.1), down by -52.00% based on the highest stock price target, and down by -60.00% based on the lowest stock price target.

Can Electrovaya stock reach $4?

ELVA's average twelve months analyst stock price target of $1.1 does not support the claim that Electrovaya can reach $4 in the near future.

What are Electrovaya's analysts' financial forecasts?

Electrovaya's analysts financial forecasts for the fiscal year (Sep 2025) are as follows: average revenue is $68.67M (high $78.13M, low $60.89M), average EBITDA is $-25.929M (high $-22.99M, low $-29.499M), average net income is $3.75M (high $5.08M, low $2.9M), average SG&A $30.12M (high $34.27M, low $26.71M), and average EPS is $0.11 (high $0.149, low $0.085). ELVA's analysts financial forecasts for the fiscal year (Sep 2026) are as follows: average revenue is $103.07M (high $118.3M, low $91.54M), average EBITDA is $-38.916M (high $-34.564M, low $-44.667M), average net income is $7.34M (high $8.98M, low $6.04M), average SG&A $45.21M (high $51.89M, low $40.15M), and average EPS is $0.215 (high $0.263, low $0.177).

Did the ELVA's actual financial results beat the analysts' financial forecasts?

Based on Electrovaya's last annual report (Sep 2023), the company's revenue was $43.37M, which missed the average analysts forecast of $45.36M by -4.39%. Apple's EBITDA was $1.58M, missing the average prediction of $-17.125M by -109.25%. The company's net income was $-1.479M, beating the average estimation of $-1.195M by 23.80%. Apple's SG&A was $6.75M, missing the average forecast of $19.89M by -66.06%. Lastly, the company's EPS was $-0.0437, beating the average prediction of $-0.035 by 24.86%. In terms of the last quarterly report (Sep 2023), Electrovaya's revenue was $14.6M, beating the average analysts' forecast of $13.4M by 8.93%. The company's EBITDA was $707K, missing the average prediction of $-5.059M by -113.97%. Electrovaya's net income was $-141K, missing the average estimation of $-341K by -58.69%. The company's SG&A was $2.4M, missing the average forecast of $5.88M by -59.22%. Lastly, the company's EPS was $-0.0042, missing the average prediction of $-0.01 by -58.00%