In last trading session, Enviva Inc (NYSE:EVA) saw 3.72 million shares changing hands with its beta currently measuring 0.89. Company’s recent per share price level of $0.43 trading at -$0.02 or -4.49% at ring of the bell on the day assigns it a market valuation of $32.02M. That closing price of EVA’s stock is at a discount of -6993.02% from its 52-week high price of $30.50 and is indicating a premium of 41.86% from its 52-week low price of $0.25. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.83 million shares which gives us an average trading volume of 4.24 million if we extend that period to 3-months.
Enviva Inc (NYSE:EVA) trade information
Upright in the red during last session for losing -4.49%, in the last five days EVA remained trading in the green while hitting it’s week-highest on Thursday, 03/14/24 when the stock touched $0.43 price level, adding 21.82% to its value on the day. Enviva Inc’s shares saw a change of -56.84% in year-to-date performance and have moved 10.74% in past 5-day. Enviva Inc (NYSE:EVA) showed a performance of 15.44% in past 30-days. Number of shares sold short was 8.8 million shares which calculate 2.68 days to cover the short interests.
Enviva Inc (EVA) estimates and forecasts
Statistics highlight that Enviva Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -93.42% of value to its shares in past 6 months, showing an annual growth rate of -235.71% while that of industry is 19.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 17.30% in the current quarter and calculating 66.30% increase in the next quarter. This year revenue growth is estimated to rise 10.40% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $316.64 million for the same. And 2 analysts are in estimates of company making revenue of $308 million in the next quarter that will end on Mar 2024. Company posted $239.31 million and $269.08 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 32.30% while estimating it to be 14.50% for the next quarter.
In 2024, company’s earnings growth rate is likely to be around -65.96% while estimates for its earnings growth in next 5 years are of 34.50%.
EVA Dividends
Enviva Inc is more likely to be releasing its next quarterly report between May 01 and May 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Enviva Inc (NYSE:EVA)’s Major holders
Insiders are in possession of 4.55% of company’s total shares while institution are holding 78.41 percent of that, with stock having share float percentage of 82.15%. Investors also watch the number of corporate investors in a company very closely, which is 78.41% institutions for Enviva Inc that are currently holding shares of the company. Riverstone Holdings Llc is the top institutional holder at EVA for having 32.42 million shares of worth $351.72 million. And as of Jun 29, 2023, it was holding 43.56% of the company’s outstanding shares.
The second largest institutional holder is Inclusive Capital Partners, LP, which was holding about 7.6 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 10.21% of outstanding shares, having a total worth of $82.45 million.
On the other hand, American Century Small Cap Value Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 1.26 million shares of worth $13.67 million or 1.69% of the total outstanding shares. The later fund manager was in possession of 0.95 million shares on Jun 29, 2023, making its stake of worth around $10.3 million in the company or a holder of 1.28% of company’s stock.
