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Enviva Inc. (NYSE: EVA) Is Currently -202.32 Percent Below Its 52-Week High, But It Still Offers Strong Upside Potential.

Enviva Inc. (NYSE:EVA)’s traded shares stood at 1.51 million during the last session, with the company’s beta value hitting 1.07. At the close of trading, the stock’s price was $30.12, to imply a decrease of -2.84% or -$0.88 in intraday trading. The EVA share’s 52-week high remains $91.06, putting it -202.32% down since that peak but still an impressive 2.66% since price per share fell to its 52-week low of $29.32. The company has a valuation of $2.14B, with an average of 0.86 million shares in intraday trading volume over the past 10 days and average of 567.18K shares over the past 3 months.

Enviva Inc. (NYSE:EVA) trade information

After registering a -2.84% downside in the last session, Enviva Inc. (EVA) has traded red over the past five days. The stock hit a weekly high of 33.39 this Friday, 03/17/23, dropping -2.84% in its intraday price action. The 5-day price performance for the stock is -6.84%, and -35.70% over 30 days. With these gigs, the year-to-date price performance is -43.14%. Short interest in Enviva Inc. (NYSE:EVA) saw shorts transact 6.05 million shares and set a 14.82 days time to cover.

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Analysts on Wall Street suggest a consensus price target of $58.60, implying an increase of 48.6% to the stock’s current value. The extremes give us $44.00 and $70.00 for target low and target high price respectively. As such, EVA has been trading -132.4% off suggested target high and -46.08% from its likely low.

Enviva Inc. (EVA) estimates and forecasts

Looking at statistics comparing Enviva Inc. share performance against respective industry, we note that the company has outperformed competitors. Enviva Inc. (EVA) shares are -57.18% down over the last 6 months, with its year-to-date growth rate higher than industry average at 146.83% against -33.90%. Revenue is forecast to grow 139.00% this quarter before jumping 82.40% for the next one. The rating firms project that company’s revenue will grow 22.60% compared to the previous financial year.

Revenue forecast for the current quarter as set by 5 analysts is $422.3 million. Meanwhile, for the quarter ending Mar 2023, a total of 2 analyst(s) estimate revenue growth to $332.06 million.Earnings reports from the last fiscal year show that sales brought in $278.19 million and $232.98 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 51.80% before jumping 42.50% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -40.30% for the past 5-year period. While 2023 is set for a 45.60% return in earnings, projections for the next 5 years are at 34.50% annually.

EVA Dividends

Enviva Inc. has its next earnings report out between May 02 and May 08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Enviva Inc. has a forward dividend ratio of 3.62, with the share yield ticking at 12.02% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Enviva Inc. (NYSE:EVA)’s Major holders

Enviva Inc. insiders hold 4.15% of total outstanding shares, with institutional holders owning 84.06% of the shares at 87.70% float percentage. In total, 84.06% institutions holds shares in the company, led by Riverstone Holdings Llc. As of Sep 29, 2022, the company held over 28.12 million shares (or 42.09% of shares), all amounting to roughly $1.69 billion.

The next major institution holding the largest number of shares is Inclusive Capital Partners, LP with 5.21 million shares, or about 7.80% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $313.05 million.

We also have American Balanced Fund and SPDR (R) Ser Tr-SPDR (R) S&P (R) Metals & Mining ETF as the top two Mutual Funds with the largest holdings of the Enviva Inc. (EVA) shares. Going by data provided on Dec 30, 2022, American Balanced Fund holds roughly 3.33 million shares. This is just over 4.99% of the total shares, with a market valuation of $176.49 million. Data from the same date shows that the other fund manager holds a little less at 1.16 million, or 1.74% of the shares, all valued at about 61.49 million.

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