The stock of Entravision Communications Corp. (NYSE: EVC) has decreased by -0.25 when compared to last closing price of 2.01.Despite this, the company has seen a gain of 10.77% in its stock price over the last five trading days. InvestorPlace reported 2024-03-06 that Entravision Communications (NYSE: EVC ) stock is falling on Wednesday with the release of the advertising, media, and technology solutions company’s Q4 2023 earnings report. In that earnings report, Entravision Communications provides investors with an update on its partnership with Meta Platforms (NASDAQ: META ).
Is It Worth Investing in Entravision Communications Corp. (NYSE: EVC) Right Now?
Company’s 36-month beta value is 1.06.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for EVC is 59.80M, and currently, short sellers hold a 4.74% ratio of that floaft. The average trading volume of EVC on April 10, 2024 was 985.41K shares.
EVC’s Market Performance
The stock of Entravision Communications Corp. (EVC) has seen a 10.77% increase in the past week, with a 33.67% rise in the past month, and a -49.50% fall in the past quarter. The volatility ratio for the week is 7.78%, and the volatility levels for the past 30 days are at 5.96% for EVC. The simple moving average for the last 20 days is 21.77% for EVC’s stock, with a simple moving average of -46.20% for the last 200 days.
Analysts’ Opinion of EVC
Wedbush, on the other hand, stated in their research note that they expect to see EVC reach a price target of $7, previously predicting the price at $9. The rating they have provided for EVC stocks is “Neutral” according to the report published on January 17th, 2017.
Wedbush gave a rating of “Outperform” to EVC, setting the target price at $10 in the report published on October 12th of the previous year.
EVC Trading at -28.98% from the 50-Day Moving Average
After a stumble in the market that brought EVC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -69.11% of loss for the given period.
Volatility was left at 5.96%, however, over the last 30 days, the volatility rate increased by 7.78%, as shares surge +36.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -53.92% lower at present.
During the last 5 trading sessions, EVC rose by +10.50%, which changed the moving average for the period of 200-days by -51.34% in comparison to the 20-day moving average, which settled at $1.67. In addition, Entravision Communications Corp. saw -51.92% 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 EVC starting from Meyer Karl Alonso, who purchase 5,000 shares at the price of $1.36 back on Mar 15 ’24. After this action, Meyer Karl Alonso now owns 633,914 shares of Entravision Communications Corp., valued at $6,799 using the latest closing price.
Christenson Michael J, the Chief Executive Officer of Entravision Communications Corp., purchase 100,000 shares at $1.67 during a trade that took place back on Mar 07 ’24, which means that Christenson Michael J is holding 1,402,170 shares at $167,250 based on the most recent closing price.
Stock Fundamentals for EVC
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.15 for the gross margin
The net margin for Entravision Communications Corp. stands at -0.01. The total capital return value is set at 0.02. Equity return is now at value -6.26, with -1.72 for asset returns.
Based on Entravision Communications Corp. (EVC), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.97. The interest coverage ratio of the stock is 0.65.
Currently, EBITDA for the company is 35.72 million with net debt to EBITDA at 3.98. When we switch over and look at the enterprise to sales, we see a ratio of 0.3. The receivables turnover for the company is 4.69for trailing twelve months and the total asset turnover is 1.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.42.
Conclusion
In a nutshell, Entravision Communications Corp. (EVC) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
