In the past week, EVA stock has gone down by -2.21%, with a monthly gain of 7.85% and a quarterly plunge of -57.68%. The volatility ratio for the week is 16.59%, and the volatility levels for the last 30 days are 34.72% for Enviva Inc The simple moving average for the last 20 days is -19.30% for EVA’s stock, with a simple moving average of -91.82% for the last 200 days.
Is It Worth Investing in Enviva Inc (NYSE: EVA) Right Now?
The stock has a 36-month beta value of 0.89. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for EVA is 38.31M, and at present, short sellers hold a 21.17% of that float. On March 28, 2024, the average trading volume of EVA was 4.26M shares.
EVA) stock’s latest price update
Enviva Inc (NYSE: EVA)’s stock price has soared by 8.21 in relation to previous closing price of 0.39. Nevertheless, the company has seen a loss of -2.21% in its stock price over the last five trading days. InvestorPlace reported 2024-03-14 that Stocks are down today and investors wonder why have come to the right place as we have the answer to that question! That biggest bit of news keeping stocks down today has to do with inflation.
Analysts’ Opinion of EVA
JP Morgan, on the other hand, stated in their research note that they expect to see EVA reach a price target of $10, previously predicting the price at $14. The rating they have provided for EVA stocks is “Neutral” according to the report published on October 18th, 2023.
Goldman gave a rating of “Neutral” to EVA, setting the target price at $8 in the report published on October 06th of the previous year.
EVA Trading at -10.97% from the 50-Day Moving Average
After a stumble in the market that brought EVA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.57% of loss for the given period.
Volatility was left at 34.72%, however, over the last 30 days, the volatility rate increased by 16.59%, as shares surge +3.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -46.59% lower at present.
During the last 5 trading sessions, EVA fell by -2.21%, which changed the moving average for the period of 200-days by -96.06% in comparison to the 20-day moving average, which settled at $0.5216. In addition, Enviva Inc saw -57.79% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EVA starting from INCLUSIVE CAPITAL PARTNERS, L., who sale 2,250,000 shares at the price of $1.49 back on Nov 14 ’23. After this action, INCLUSIVE CAPITAL PARTNERS, L. now owns 5,348,710 shares of Enviva Inc, valued at $3,349,350 using the latest closing price.
BUMGARNER JOHN C JR, the Director of Enviva Inc, purchase 100,000 shares at $8.50 during a trade that took place back on May 25 ’23, which means that BUMGARNER JOHN C JR is holding 415,763 shares at $850,000 based on the most recent closing price.
Stock Fundamentals for EVA
Current profitability levels for the company are sitting at:
- -0.15 for the present operating margin
- 0.09 for the gross margin
The net margin for Enviva Inc stands at -0.3. The total capital return value is set at -0.07. Equity return is now at value -90.74, with -13.00 for asset returns.
Based on Enviva Inc (EVA), the company’s capital structure generated 0.86 points at debt to capital in total, while cash flow to debt ratio is standing at -0.03. The debt to equity ratio resting at 6.23. The interest coverage ratio of the stock is -1.02.
Currently, EBITDA for the company is 27.5 million with net debt to EBITDA at 106.17. When we switch over and look at the enterprise to sales, we see a ratio of 1.46. The receivables turnover for the company is 4.74for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.42.
Conclusion
To sum up, Enviva Inc (EVA) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
