Electrovaya Inc (NASDAQ: EFLVF) stock closed at $3.82 on 1/5/24 after a major increase of 14.4%. Moreover, this advance was accompanied by exceptionally high trading volume at 443% of normal. The stock has risen 19.7% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
EFLVF’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to continue to be a major Value Eraser.
Electrovaya is currently unrated.
Rating Review
The stock is currently unrated.
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