Enviva Inc (NYSE: EVA) is -54.81% lower on its value in year-to-date trading and has touched a low of $0.25 and a high of $30.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EVA stock was last observed hovering at around $0.42 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $0.45, the stock is -8.80% and -13.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.34 million and changing 8.02% at the moment leaves the stock -91.71% off its SMA200. EVA registered -98.51% loss for a year compared to 6-month loss of -93.04%. The firm has a 50-day simple moving average (SMA 50) of $1.46 and a 200-day simple moving average (SMA200) of -$43.27.
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The stock witnessed a 37.61% gain in the last 1 month and extending the period to 3 months gives it a -64.00%, and is -25.07% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 60.23% over the week and 35.08% over the month.
Enviva Inc (EVA) has around 1386 employees, a market worth around $33.52M and $1.14B in sales. Profit margin for the company is -29.52%. Distance from 52-week low is 77.51% and -98.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.08%).
Enviva Inc quarterly earnings per share for the current quarter are estimated at -$0.62 with sales reaching $316.64M over the same period.The EPS is expected to shrink by -65.96% this year, but quarterly earnings will post 10.40% year-over-year. Quarterly sales are estimated to grow 32.30% in year-over-year returns.
Enviva Inc (EVA) Top Institutional Holders
168 institutions hold shares in Enviva Inc (EVA), with institutional investors hold 82.15% of the company’s shares. The shares outstanding are 66.97M, and float is at 38.31M with Short Float at 22.97%. Institutions hold 78.41% of the Float.
The top institutional shareholder in the company is Riverstone Holdings Llc with over 32.42 million shares valued at $351.72 million. The investor’s holdings represent 43.56% of the EVA Shares outstanding. As of Jun 29, 2023, the second largest holder is Inclusive Capital Partners, LP with 7.6 million shares valued at $82.45 million to account for 10.21% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 3.21 million shares representing 4.32% and valued at over $34.86 million, while Blackrock Inc. holds 3.48% of the shares totaling 2.59 million with a market value of $28.13 million.
Enviva Inc (EVA) Insider Activity
The most recent transaction is an insider sale by INCLUSIVE CAPITAL PARTNERS, L.,the company’s10% Owner. SEC filings show that INCLUSIVE CAPITAL PARTNERS, L. sold 2,250,000 shares of the company’s common stock on Nov 14 ’23 at a price of $1.49 per share for a total of $3.35 million. Following the sale, the insider now owns 5.35 million shares.
Enviva Inc disclosed in a document filed with the SEC on May 25 ’23 that BUMGARNER JOHN C JR (Director) bought a total of 100,000 shares of the company’s common stock. The trade occurred on May 25 ’23 and was made at $8.50 per share for $0.85 million. Following the transaction, the insider now directly holds 0.42 million shares of the EVA stock.
Still, SEC filings show that on May 19 ’23, BUMGARNER JOHN C JR (Director) acquired 20,000 shares at an average price of $8.33 for $0.17 million. The insider now directly holds 315,763 shares of Enviva Inc (EVA).
