Entravision Communications Corp (NYSE: EVC) is -40.05% lower on its value in year-to-date trading and has touched a low of $1.33 and a high of $4.41 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 EVC stock was last observed hovering at around $2.36 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $2.50, the stock is 2.23% and 5.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.09 million and changing 5.93% at the moment leaves the stock 20.40% off its SMA200. EVC registered -40.19% loss for a year compared to 6-month gain of 27.55%. The firm has a 50-day simple moving average (SMA 50) of $2.3578 and a 200-day simple moving average (SMA200) of $2.0817.
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The stock witnessed a 5.49% loss in the last 1 month and extending the period to 3 months gives it a 22.55%, and is -2.34% 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 6.97% over the week and 4.61% over the month.
Entravision Communications Corp (EVC) has around 1657 employees, a market worth around $224.97M and $777.32M in sales. Profit margin for the company is -8.44%. Distance from 52-week low is 87.97% and -43.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.00%).
131.0 institutions hold shares in Entravision Communications Corp (EVC), with institutional investors hold 82.13% of the company’s shares. The shares outstanding are 80.63M, and float is at 61.09M with Short Float at 1.84%. Institutions hold 60.14% of the Float.
The top institutional shareholder in the company is AMERICAN CENTURY COMPANIES INC with over 10.35 million shares valued at $21.0 million. The investor’s holdings represent 11.5578 of the EVC Shares outstanding. As of 2024-06-30, the second largest holder is GATE CITY CAPITAL MANAGEMENT, LLC with 8.98 million shares valued at $18.23 million to account for 10.0324 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 6.56 million shares representing 7.3321 and valued at over $13.32 million, while DIMENSIONAL FUND ADVISORS LP holds 3.9226 of the shares totaling 3.51 million with a market value of $7.13 million.
Entravision Communications Corp (EVC) Insider Activity
The most recent transaction is an insider purchase by Meyer Karl Alonso, the company’s Chief Revenue Officer. SEC filings show that Meyer Karl Alonso bought 5,000 shares of the company’s common stock on Mar 15 ’24 at a price of $1.36 per share for a total of $6799.0. Following the purchase, the insider now owns 0.63 million shares.
Entravision Communications Corp disclosed in a document filed with the SEC on Mar 07 ’24 that Christenson Michael J (Chief Executive Officer) bought a total of 100,000 shares of the company’s common stock. The trade occurred on Mar 07 ’24 and was made at $1.67 per share for $0.17 million. Following the transaction, the insider now directly holds 1.4 million shares of the EVC stock.
