AEVA TECHNOLOGIES INC (NASDAQ:AEVA) – A High-Growth Stock Meeting Minervini’s Trend Template

AEVA TECHNOLOGIES INC (NASDAQ:AEVA) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template criteria. The company, which develops advanced sensing technology for autonomous vehicles and robotics, demonstrates strong technical and fundamental characteristics that make it worth a closer look.

Why AEVA Fits the Minervini Trend Template

Minervini’s Trend Template focuses on stocks exhibiting strong uptrends, supported by key moving averages and relative strength. AEVA meets these criteria:

• Price Above Key Moving Averages: AEVA’s current price ($29.97) is well above its 50-day ($15.00), 150-day ($7.93), and 200-day ($6.82) moving averages, confirming a bullish trend.
• Upward-Sloping Moving Averages: Both the 150-day and 200-day MAs are trending upward, reinforcing long-term strength.
• Relative Strength: AEVA’s ChartMill Relative Strength (CRS) score of 99.79 indicates it outperforms nearly all other stocks.
• Price Near 52-Week High: Trading at $29.97, AEVA is within 4% of its 52-week high ($31.25), a sign of strong momentum.
• Significant Price Appreciation: The stock is up 1,089% over the past year, far exceeding the 30% threshold from its 52-week low ($2.20).

High Growth Fundamentals

AEVA’s growth metrics align with high-growth momentum investing:

• Revenue Growth: Sales surged 95.9% year-over-year (TTM), with recent quarterly growth rates of 59.8% (last quarter) and 177.8% (two quarters ago).
• Earnings Momentum: EPS growth improved by 31.6% (TTM), with analysts revising next year’s EPS estimates upward by 14.2% over the past three months.
• Consistent Earnings Beats: AEVA has beaten EPS estimates in all of the last four quarters, with an average beat of 10.6%.
• Strong Revenue Beats: The company has also exceeded revenue estimates in each of the last four quarters, averaging a 19.7% beat.

Technical Outlook

AEVA’s technical rating of 10 (out of 10) reflects its strong uptrend and market leadership. However, the setup rating of 2 suggests the stock may be extended in the short term, meaning investors should watch for potential consolidation before entering.

For a deeper technical breakdown, review the full AEVA technical report.

Our High Growth Momentum + Trend Template screener lists more stocks with similar growth and technical strength.

Disclaimer

This is not investment advice. The article highlights observations at the time of writing, but investors should conduct their own research before making decisions.