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- Aeva Technologies (AEVA) set a new 52-week high of $26.73 in morning trading today, June 17.
- The company has a 100% technical “Buy” signal via Barchart.
- Shares have been on a red-hot tear and are up more than 450% in the year to date.
- Investors will want to watch Aeva as its work in lidar is incredibly relevant ahead of Tesla’s (TSLA) June 22 robotaxi launch.
Today’s Featured Stock
Valued at $1.4 billion, Aeva Technologies (AEVA) is a California-based company that specializes in next-generation sensing and perception technologies for autonomous vehicles. Its proprietary light detection and ranging (lidar) system is believed to be more advanced than those of its competitors.
What I’m Watching
I found today’s Chart of the Day by using Barchart’s powerful screening functions. I started by using Barchart’s New Highs & Lows tool (watch more on how to find winners using it here). I then sorted for stocks that have the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker “buy” signal. Since the Trend Seeker signaled a buy on March 21, AEVA stock is up more than 524%.
AEVA Stock Price vs. Daily Moving Averages:
Barchart Technical Indicators for AEVA
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
- Aeva Technologies shares hit a new 52-week high on June 17, touching $26.73 in morning trading.
- Aeva has a 100% technical “Buy” signal.
- AEVA has a Weighted Alpha of +324.64.
- The stock has gained 843.8% over the past year.
- Aeva Technologies has its Trend Seeker “Buy” signal intact.
- AEVA is trading above its 20, 50 and 100-day moving averages.
- The stock has made 12 new highs and gained 41% in the last month.
- Relative Strength Index is at 76.57%.
- The technical support level is $24.06.
Follow the Fundamentals
- Aeva has a market capitalization of $1.4 billion.
- The stock is richly valued, with a price-sales ratio of 139.97x.
- Revenue is projected to grow 91% this year and another 165% next year.
- Earnings are projected to grow 20% this year and another 6% next year.
The Bottom Line
Aeva Technologies stands out with its incredible share price appreciation over the past year, and investors can thank growing Wall Street interest in autonomous vehicle technology for that.
Tesla is gearing up to launch its robotaxi service in Austin, Texas on June 22. The company, its shareholders, and Wall Street at large see this as a powerful catalyst that could add trillions to TSLA’s market cap over time. Its debut is sure to draw attention to the companies powering self-driving cars globally. Although Tesla itself does not use lidar technology, opting instead for a camera-based approach, most of its peers like Waymo opt for lidar. Aeva has already secured Daimler (DTRUY), Airbus, and May Mobility as customers for its solutions.
Also fueling the buzz today is a new price target upgrade from Roth Capital. The firm raised AEVA’s price target from $17 to $30, acknowledging its “advantageous” position in the autonomous vehicle market.
Analysts are bullish on Aeva with a “Strong Buy” consensus rating, but their mean price target of $12.44 implies more than 50% downside potential from here. Analysts have probably not been able to keep up with its rally so far in 2025, and may be hesitant given its premium valuation.
Today’s Chart of the Day was written by Sarah Holzmann. Read previous editions of the daily newsletter here.
Additional disclosure: The Barchart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.
