Electrovaya Inc.
ELVAIndustrialsNASDAQElectrical Equipment & Parts · Last scanned Oct 24, 2026
Scan Results
Daily timeframePart of the industrials sector, Electrovaya Inc. (ELVA) is listed under Electrical Equipment & Parts. The company carries a $258.5M market cap, placing it firmly in the micro-cap category. It operates infinity battery systems comprising of low and high voltage systems.
Market Cap
$258.5M
Beta
0.76
P/E (TTM)
51.70
P/E (Fwd)
18.87
EPS (TTM)
$0.10
EPS (Fwd)
$0.27
ROE
9.8%
ROA
4.9%
Cash
$13.1M
Total Debt
$41.1M
Free CF
-$22.1M
52W Change
-21.7%
Annual Financials
Cash vs Debt
Where ELVA stands vs its 150-day and 200-day moving averages
As of the October 15, 2026 close, ELVA finished 39.51% below its 150-day moving average ($8.53) and 40.07% below its 200-day moving average ($8.61). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is ELVA overbought or oversold?
At the October 15, 2026 close, ELVA's RSI(14) was 27.1, in oversold territory (below 30). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
On the balance sheet, ELVA has $13.1M in cash with $41.1M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow is running at -$22.1M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of 9.8% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 4.9% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $15.6M (2022) to $63.6M (2025), reflecting a 307% increase over the period.
The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. The elevated P/E ratio means the stock is priced for significant future growth. If earnings disappoint, the price correction could be sharp. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Electrovaya Inc.'s trajectory.