Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Electrovaya Inc. before investing.

In this article, we go over a few key elements for understanding Electrovaya Inc.’s stock price such as:

• Electrovaya Inc.’s current stock price and volume
• Why Electrovaya Inc.’s stock price changed recently
• Upgrades and downgrades for ELVA from analysts
• ELVA’s stock price momentum as measured by its relative strength

About Electrovaya Inc. (ELVA)

Before we jump into Electrovaya Inc.’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

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.

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Electrovaya Inc.’s Stock Price as of Market Close

As of July 31, 2026, 4:00 PM, CST, Electrovaya Inc.’s stock price was $8.220.

Electrovaya Inc. is down 3.97% from its previous closing price of $8.560.

During the last market session, Electrovaya Inc.’s stock traded between $8.160 and $8.840. Currently, there are approximately 49.23 million shares outstanding for Electrovaya Inc..

Electrovaya Inc.’s price-earnings (P/E) ratio is currently at 78.3, which is high compared to the Electrical Equipment industry median of 38.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Electrovaya Inc. Stock Price History

Electrovaya Inc.’s (ELVA) price is currently down 21.71% so far this month.

During the month of July, Electrovaya Inc.’s stock price has reached a high of $12.300 and a low of $7.510.

Over the last year, Electrovaya Inc. has hit prices as high as $12.780 and as low as $4.100. Year to date, Electrovaya Inc.’s stock is up 4.05%.

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What Caused Electrovaya Inc. Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 31, 2026, there were 0 analysts who downgraded Electrovaya Inc.’s stock and 3 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Electrovaya Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Electrovaya Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Electrovaya Inc.’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Electrovaya Inc. (ELVA) by visiting AAII Stock Evaluator.

Relative Price Strength of Electrovaya Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 31, 2026, Electrovaya Inc. has a weighted four-quarter relative price strength of 7.75%, which translates to a Momentum Score of 77 and is considered to be Strong.

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Electrovaya Inc. Stock Price: Bottom Line

As of July 31, 2026, Electrovaya Inc.’s stock price is $8.220, which is down 3.97% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Electrovaya Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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