A breakdown of the latest mutual funds holding Enviva Inc (EVA)

Stocks of Enviva Inc (NYSE:EVA) traded higher last session on Wall Street, up 8.58% to $0.92.

According to the data, Enviva Inc (NYSE:EVA) has 6 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $5.00, we find $10.00. Given the previous closing price of $0.85, this indicates a potential upside of 1076.47 percent. EVA stock price is now -84.09% away from the 50-day moving average and -94.66% away from the 200-day moving average. The market capitalization of the company currently stands at $68.69M.

A total of 2 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $11.67 as their price target over the next twelve months.

In other news, BUMGARNER JOHN C JR, Director bought 100,000 shares of the company’s stock on May 25. The stock was bought for $850,000 at an average price of $8.50. Upon completion of the transaction, the Director now directly owns 415,763 shares in the company, valued at $0.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 19, Director BUMGARNER JOHN C JR bought 20,000 shares of the business’s stock. A total of $166,600 was incurred on buying the stock at an average price of $8.33. This leaves the insider owning 315,763 shares of the company worth $0.29 million. Insiders disposed of 252,236 shares of company stock worth roughly $0.23 million over the past 1 year. A total of 47.95% of the company’s stock is owned by insiders.

Friday’s opening bell rang with an opening price of $0.8635 for Enviva Inc (NYSE: EVA). During the past 12 months, Enviva Inc has had a low of $0.79 and a high of $61.99. As of last week, the company has a debt-to-equity ratio of 6.23, a current ratio of 1.42, and a quick ratio of 1.06. The fifty day moving average price for EVA is $5.6345 and a two-hundred day moving average price translates $17.0676 for the stock.

The latest earnings results from Enviva Inc (NYSE: EVA) was released for Sep, 2023. According to the Lumber & Wood Production Company, earnings per share came in at -$0.62, inline with analysts’ expectations of -$0.62. This compares to -$0.41 EPS in the same period last year. The net profit margin was -29.52% and return on equity was -90.74% for EVA. The company reported revenue of $301.9 million for the quarter, compared to $296.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.88 percent. For the current quarter, analysts expect EVA to generate $350.47M in revenue.

Enviva Inc(EVA) Company Profile

Enviva Inc. produces, processes, and sells utility-grade wood pellets. The company’s products are used as a substitute for coal in power generation, and combined heat and power plants. It serves power generators in the United Kingdom, European Union, and Japan. DS: The company was formerly known as Enviva Partners, LP and changed its name to Enviva Inc. in December 2021. Enviva Inc. was incorporated in 2013 and is headquartered in Bethesda, Maryland.

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