Aeva Technologies Notices Unusual Options Volume (NYSE:AEVA)

On Wednesday, options trades for Aeva Technologies, Inc. (NYSE:AEVA – Get Rating) were unusually large. On the company, stock traders bought 8,749 put options. Comparing this to the daily average of 761 put options, there has been an increase of about 1,050%.

Recently, a number of institutional investors have modified their stakes in the company. During the fourth quarter, Point72 Hong Kong Ltd acquired a new position in Aeva Technologies for roughly $37,000. In the fourth quarter, Itau Unibanco Holding S.A. acquired a new interest in Aeva Technologies shares valued at around $40,000. In the first quarter, Quantbot Technologies LP acquired a new interest in Aeva Technologies for about $35,000. In the first quarter, MQS Management LLC acquired a new investment in Aeva Technologies worth roughly $51,000. Finally, Independent Advisor Alliance acquired a fresh holding in Aeva Technologies shares in the second quarter for about $41,000.

44,067 shares of Aeva Technologies exchanged hands as of midday trading on Wednesday, vs an average trading volume of 1,713,075. The stock then went down $0.04 to close at $2.27. The company’s 50-day and 200-day moving averages are $3.30 and $3.43, respectively. Aeva Technologies’s stock price has fluctuated between $2.30 and $10.75 over the past year.

The most recent quarterly earnings report from Aeva Technologies was released on Wednesday, August 3. The company met the ($0.16) average expectation for the quarter’s earnings per share (EPS). Aeva Technologies had a negative net margin of 1,407.47% and a negative return on equity of 27.32%. The company generated ($0.11) in earnings per share during the same time period the year before. According to sell-side analysts, Aeva Technologies will generate -0.69 EPS for the current fiscal year.

Original article posted on