The stock price of Enviva Inc (NYSE: EVA) has surged by 1.49 when compared to previous closing price of 0.41, but the company has seen a 4.02% gain in its stock price over the last five trading sessions. 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.
Is It Worth Investing in Enviva Inc (NYSE: EVA) Right Now?
The 36-month beta value for EVA is also noteworthy at 0.89. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for EVA is 38.31M, and at present, short sellers hold a 14.04% of that float. The average trading volume of EVA on April 12, 2024 was 4.18M shares.
EVA’s Market Performance
The stock of Enviva Inc (EVA) has seen a 4.02% increase in the past week, with a -30.72% drop in the past month, and a -54.05% fall in the past quarter. The volatility ratio for the week is 6.14%, and the volatility levels for the past 30 days are at 23.26% for EVA. The simple moving average for the past 20 days is -1.99% for EVA’s stock, with a -90.94% simple moving average for the past 200 days.
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 -8.84% 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 -98.37% of loss for the given period.
Volatility was left at 23.26%, however, over the last 30 days, the volatility rate increased by 6.14%, as shares surge +7.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.75% lower at present.
During the last 5 trading sessions, EVA rose by +4.02%, which changed the moving average for the period of 200-days by -96.13% in comparison to the 20-day moving average, which settled at $0.4259. In addition, Enviva Inc saw -58.21% 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
In summary, Enviva Inc (EVA) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
