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Aeva Technologies makes special sensors called lidar that help self-driving cars and robots see their surroundings. These sensors use light to create detailed 3D maps of the environment, allowing vehicles to navigate safely. The company sells these sensors and the software that runs them to automotive manufacturers and technology companies developing autonomous systems.
The autonomous vehicle industry is growing as car makers and tech companies develop self-driving technology. Companies that make the sensors and software needed for these systems are seeing increased interest and investment as the race to create fully autonomous vehicles continues.
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ANALYSIS:Monitoring pattern stability. Currently scanning for high-confidence technical signals.
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Price is extended significantly above 52-week highs.
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