Enviva Inc (NYSE:EVA)’s 12-Month Price Target Is Now Set At 80.

In last trading session, Enviva Inc (NYSE:EVA) saw 0.66 million shares changing hands with its beta currently measuring 0.88. Company’s recent per share price level of $0.42 trading at -$0.02 or -3.74% at ring of the bell on the day assigns it a market valuation of $31.22M. That closing price of EVA’s stock is at a discount of -1902.38% from its 52-week high price of $8.41 and is indicating a premium of 40.48% 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 0.28 million shares which gives us an average trading volume of 327.36K if we extend that period to 3-months.

For Enviva Inc (EVA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 4.00. Splitting up the data highlights that, out of 9 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Enviva Inc (NYSE:EVA) trade information

Upright in the red during last session for losing -3.74%, in the last five days EVA remained trading in the red while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $0.42 price level, adding 22.12% to its value on the day. Enviva Inc’s shares saw a change of -57.92% in year-to-date performance and have moved -15.01% in past 5-day. Enviva Inc (NYSE:EVA) showed a performance of -3.19% in past 30-days. Number of shares sold short was 3.93 million shares which calculate 11.91 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 63 to the stock, which implies a rise of 99.33% to its current value. Analysts have been projecting 10 as a low price target for the stock while placing it at a high target of 80. It follows that stock’s current price would drop -2280.95% in reaching the projected high whereas dropping to the targeted low would mean a loss of -2280.95% for stock’s current value.

Enviva Inc (NYSE:EVA)’s Major holders

Insiders are in possession of 4.55% of company’s total shares while institution are holding 57.16 percent of that, with stock having share float percentage of 59.89%. Investors also watch the number of corporate investors in a company very closely, which is 57.16% 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 $13.94 million. And as of 2024-06-30, it was holding 43.543 of the company’s outstanding shares.

The second largest institutional holder is AIP, LLC, which was holding about 3.25 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.3652 of outstanding shares, having a total worth of $1.4 million.