As of Friday close, Enviva Inc.’s (NYSE:EVA) stock was up $0.69, moving up 6.78 percent to $10.86. The average number of shares traded per day over the past five days has been 649,320 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.99 fall in that time frame. In the last twenty days, the average volume was 842,625, while in the previous 50 days, it was 1,048,330.
Since last month, EVA stock retreated -10.40%. Shares of the company fell to $10.01 on 08/18/23, the lowest level in the past month. A 52-week high of $76.11 was reached on 01/03/23 after having rallying from a 52-week low of $6.69. Since the beginning of this year, EVA’s stock price has dropped by -79.50% or -$42.11, and marked a new high 1 time. However, the stock has declined by -85.73% since its 52-week high.
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EVA stock investors should be aware that Enviva Inc. (EVA) stock had its last reported insider trading activity 86 days ago on May 25. BUMGARNER JOHN C JR, the Director of the company, purchased of 100,000 shares for $8.50 on May 25. It resulted in a $850,000 investment by the insider. BUMGARNER JOHN C JR added 20,000 shares at an average price of $8.33 on May 19. The insider now owns 315,763 shares following the transaction. On May 09, Director Alexander Ralph bought 10,870 shares at $9.08 apiece. The transaction was valued at $98,700.
Valuation Metrics
The stock’s beta is 1.14. Besides these, the trailing price-to-sales (P/S) ratio of 0.71, the price-to-book (PB) ratio of 4.15.
The latest dividend of $0.9050 per share was paid out, remained unchanged from last year’s $0.9050.
Financial Health
In the three months ended June 29, Enviva Inc.’s quick ratio stood at 0.40, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 7.89, and the total debt-to-equity ratio was 7.98. On the profitability front, the trailing twelve-month gross margin is 3.20% percent. In the year ended June 29, EBITDA margin amounted to 4.46%, whereas operating margins totaled -10.10%. Based on annual data, EVA earned $45.04 million in gross profit and brought in $1.09 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -5.10%. Return on equity (ROE) for the past 12 months was -68.70%.
In Enviva Inc.’s quarter-end financial report for June 29, it reported total debt of $1.39 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. EVA’s revenue rose 1.85% to $269.08 million during the quarter, while net income inched up to $301.91 million. While analysts expected Enviva Inc. to report -$0.62 quarterly earnings, the actual figure was -$0.62 per share. During the quarter, the company generated $3.97 million in EBITDA. The liabilities of Enviva Inc. were 2.21 billion at the end of its most recent quarter ended June 29, and its total debt was $1.52 billion. The value of shareholders’ equity is $74.42 million.
Technical Picture
This quick technical analysis looks at Enviva Inc.’s (EVA) price momentum. With a historical volatility rate of 61.63%, the RSI 9-day stood at 37.64% on 18 August.
With respect to its five-day moving average, the current Enviva Inc. price is down by -8.35% percent or -$0.99. At present, EVA shares trade -10.32% below its 20-day simple moving average and -61.85% percent below its 100-day simple moving average. However, the stock is currently trading approximately +1.69% above its SMA50 and -81.85% below its SMA200.
Stochastic coefficient K was 11.06% and Stochastic coefficient D was 9.29%, while ATR was 0.75. Given the Stochastic reading of 20.43% for the 14-day period, the RSI (14) reading has been calculated as 40.44%. As of today, the MACD Oscillator reading stands at -0.66, while the 14-day reading stands at -1.20.
Analyst Ratings
Enviva Inc. downgraded its rating on Enviva Inc. (NYSE: EVA) to a Sell in a note to investors on May 04, 2023. The analysts firm previously had a Buy rating on the stock.Enviva Inc. (EVA) has been rated Hold by analysts. According to 1 brokerage firm, EVA is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Enviva Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $14.00, the current consensus forecast for the stock is $10.00 – $25.00. Based on these forecasts, analysts predict Enviva Inc. (EVA) will achieve an average price target of $15.80.
