Electrovaya Inc (NASDAQ: EFLVF) stock closed at $3.54 on 5/13/24 after a major increase of 10.6%. Moreover, exceptionally high trading volume at 319% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 11.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, EFLVF is expected to be a major Value Builder.
Electrovaya has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Electrovaya has a slightly positive Power Rating of 69 and a very high Appreciation Score of 100, and the Highest Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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