Electrovaya Inc. (ELVA)Industrials | Electrical Equipment & Parts | Mississauga, Canada | NasdaqCM
5.28 USD
+0.12
(2.335%)
⇧
(Oct. 15, 2026, 12:36 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 1:38 a.m. EDT
The immediate catalyst here is the massive Amazon partnership, which has ignited a speculative frenzy. While the stock recently jumped nearly 50%, the options market is screaming 'more,' with traders stacking calls at $10 and $12.50 strikes, betting on a continuation of this rally. However, the fundamentals tell a different story: the company is burning cash, with free cash flow of -$22 million and negative earnings growth of nearly 70%. The balance sheet is stretched with debt exceeding cash reserves, and the stock trades at a premium to book value despite these operational headwinds. The disconnect between the explosive options flow and the deteriorating financials suggests the current price surge is priced on the potential of the Amazon deal rather than current execution. For a short-term trader, the momentum is undeniable, but the lack of earnings support makes this a high-risk, high-reward gamble rather than a solid investment. Long-term, the path to profitability remains unclear, and the cash burn is a significant drag on value creation. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.193346 |
| AutoARIMA | 0.196906 |
| AutoETS | 0.196953 |
| AutoTheta | 0.239555 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 33% |
| H-stat | 8.31 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.090 |
| Excess Kurtosis | -0.67 |
| Attribute | Value |
|---|---|
| Sector | Industrials |
| Debt to Equity Ratio | 61.066 |
| Revenue per Share | 1.525 |
| Market Cap | 263,994,176 |
| Trailing P/E | 52.80 |
| Forward P/E | 19.27 |
| Beta | 0.76 |
| Profit Margins | 6.14% |
| Website | https://electrovaya.com |
As of Oct. 10, 2026, 1:38 a.m. EDT: Speculators are overwhelmingly bullish, positioning heavy call volume and open interest at strikes significantly above the current price ($10 and $12.50), while put activity remains minimal. This indicates a strong speculative bet on a continued rally driven by the Amazon deal, despite elevated implied volatility suggesting uncertainty around the upside target.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.2400589 |
| Address1 | 6,688 Kitimat Road |
| All Time High | 22.15 |
| All Time Low | 0.5 |
| Ask | 6.37 |
| Ask Size | 2 |
| Average Analyst Rating | 1.0 - Strong Buy |
| Average Daily Volume10 Day | 400,850 |
| Average Daily Volume3 Month | 565,759 |
| Average Volume | 565,759 |
| Average Volume10Days | 400,850 |
| Beta | 0.763 |
| Bid | 3.86 |
| Bid Size | 2 |
| Book Value | 1.345 |
| City | Mississauga |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | Canada |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 5.28 |
| Current Ratio | 7.533 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 5.43 |
| Day Low | 4.96 |
| Debt To Equity | 61.066 |
| Display Name | Electrovaya |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,786,451,400 |
| Earnings Call Timestamp Start | 1,786,451,400 |
| Earnings Growth | -0.693 |
| Earnings Quarterly Growth | -0.664 |
| Earnings Timestamp | 1,786,392,000 |
| Earnings Timestamp End | 1,786,392,000 |
| Earnings Timestamp Start | 1,786,392,000 |
| Ebitda | 7,716,000 |
| Ebitda Margins | 0.10743 |
| Enterprise To Ebitda | 37.062 |
| Enterprise To Revenue | 3.982 |
| Enterprise Value | 285,967,296 |
| Eps Current Year | 0.08167 |
| Eps Forward | 0.274 |
| Eps Trailing Twelve Months | 0.1 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 6.8096 |
| Fifty Day Average Change | -1.5295997 |
| Fifty Day Average Change Percent | -0.22462401 |
| Fifty Two Week Change Percent | -24.00589 |
| Fifty Two Week High | 12.78 |
| Fifty Two Week High Change | -7.4999995 |
| Fifty Two Week High Change Percent | -0.58685446 |
| Fifty Two Week Low | 4.1 |
| Fifty Two Week Low Change | 1.1800003 |
| Fifty Two Week Low Change Percent | 0.28780496 |
| Fifty Two Week Range | 4.1 - 12.78 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,262,701,800,000 |
| Float Shares | 32,549,282 |
| Forward Eps | 0.274 |
| Forward P E | 19.270075 |
| Free Cashflow | -22,054,876 |
| Full Exchange Name | NasdaqCM |
| Fullday Change | 0.12000036 |
| Fullday Change Percent | 2.3346374 |
| Fullday Price | 5.28 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.33001998 |
| Gross Profits | 23,703,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.30725 |
| Held Percent Institutions | 0.30267 |
| Implied Shares Outstanding | 49,998,897 |
| Industry | Electrical Equipment & Parts |
| Industry Disp | Electrical Equipment & Parts |
| Industry Key | electrical-equipment-parts |
| Ipo Expected Date | 2,023-07-06 |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,759,190,400 |
| Last Split Date | 1,686,873,600 |
| Last Split Factor | 1:5 |
| Long Business Summary | Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It operates infinity battery systems comprising of low and high voltage systems. The company also operates solid state battery technology. In addition, it offers lithium-ion battery systems to power MHEV, including fork-lifts, as well as accessories, such as battery chargers to charge the batteries; lithium-ion batteries for robotic applications; lithium ion battery cell and modules for sales to OEM customers in the defense, construction, and other applications; high voltage battery systems for electric bus, truck, and defense applications; and industrial products for energy storage. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was incorporated in 1996 and is headquartered in Mississauga, Canada. |
| Long Name | Electrovaya Inc. |
| Market | us_market |
| Market Cap | 263,994,176 |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_2421212 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | 4,410,000 |
| Next Fiscal Year End | 1,790,726,400 |
| Non Diluted Market Cap | 333,720,794 |
| Number Of Analyst Opinions | 5 |
| Open | 5.01 |
| Operating Cashflow | -8,338,000 |
| Operating Margins | 0.04448 |
| Payout Ratio | 0.0 |
| Peg Ratio | 0.43 |
| Phone | 905 855 4610 |
| Previous Close | 5.16 |
| Price Eps Current Year | 64.65042 |
| Price Hint | 2 |
| Price To Book | 3.9256506 |
| Price To Sales Trailing12 Months | 3.6755705 |
| Profit Margins | 0.0614 |
| Quick Ratio | 4.271 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | strong_buy |
| Recommendation Mean | 1.0 |
| Region | US |
| Regular Market Change | 0.12000036 |
| Regular Market Change Percent | 2.3346374 |
| Regular Market Day High | 5.43 |
| Regular Market Day Low | 4.96 |
| Regular Market Day Range | 4.96 - 5.43 |
| Regular Market Open | 5.01 |
| Regular Market Previous Close | 5.16 |
| Regular Market Price | 5.28 |
| Regular Market Time | 1,792,082,217 |
| Regular Market Volume | 308,795 |
| Return On Assets | 0.04869 |
| Return On Equity | 0.09847 |
| Revenue Growth | 0.034 |
| Revenue Per Share | 1.525 |
| Sand P52 Week Change | 0.16440773 |
| Sector | Industrials |
| Sector Disp | Industrials |
| Sector Key | industrials |
| Shares Outstanding | 49,998,897 |
| Shares Percent Shares Out | 0.08 |
| Shares Short | 3,962,740 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 4,454,503 |
| Short Name | Electrovaya Inc. |
| Short Ratio | 11.39 |
| Source Interval | 15 |
| State | ON |
| Symbol | ELVA |
| Target High Price | 20.0 |
| Target Low Price | 11.0 |
| Target Mean Price | 14.6 |
| Target Median Price | 14.0 |
| Total Cash | 13,084,000 |
| Total Cash Per Share | 0.262 |
| Total Debt | 41,057,000 |
| Total Revenue | 71,824,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 0.1 |
| Trailing P E | 52.800003 |
| Trailing Peg Ratio | 0.4346 |
| Triggerable | 1 |
| Two Hundred Day Average | 8.61215 |
| Two Hundred Day Average Change | -3.33215 |
| Two Hundred Day Average Change Percent | -0.38691267 |
| Type Disp | Equity |
| Volume | 308,795 |
| Website | https://electrovaya.com |
| Zip | L5N 1P8 |