Entravision Communications Corporation (NYSE:EVC) currently has a daily average trading volume of 398.92K but it saw 801081 shares traded on Thursday. With a market cap of 376.69M USD, stock’s current market price of $4.12 came falling about -4.41 while comparing to the previous closing price of $4.31. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.32 and as low as $3.96. In the recent trading on the day, stock has struck highest price mark of $4.32 while lowest mark touched by it was $4.07.
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Taking a look at 20-day trading activity of Entravision Communications Corporation (EVC) gives us an average price of $5.08, while its current price level is -43.75% below from 52-week high level whereas it is 4.04% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.62 while that of 200 days or SMA-200 reads an average of $5.44. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.28% during that period while stretching the period over a month that increases to 5.39%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 20.54 which implies that the stock is in oversold territory.
Entravision Communications Corporation (EVC)’s stock is currently under the radar of 3 analysts who are in consensus at a 12-month price target range of between $10.50 and $15.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $10.50 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $15.00. Average price target assigned by them is $12.33 which highlights an upside potential of 66.59% for the stock over that period. And to attain the median price target of $11.50 assigned by those analysts, stock has to add about 64.17% of value to its current levels.
Data by FactSet Research shows that 3 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Strong Buy.
Over the week, EVC’s stock price is moving -11.59% down while it is -31.10% when we observe its performance for the past one month. Year-to-date it is -14.17% down and over the past year, the stock is showing a downside performance of -13.99%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.02 beaten by the consensus estimate of $0.03 for the same. The company is expected to be releasing its next quarterly report in 08/03/2023, for which analysts forecasted an EPS of $0.05 while estimate for next year EPS is $0.29. For EVC, analysts are forecasting an EPS-growth rate of 38.10% for current year and estimate for EPS growth in next year is 31.00%. In next quarter, company is expected to be making quarterly sales of $267 million as analysts are expecting the sales for current fiscal year at $1.07 billion and seeing the company making $1.18 billion in sales next year. Moreover, analysts are in estimates of $259.48 million for current-quarter revenue.
Currently, Entravision Communications Corporation’s total number of outstanding shares is 87.62M with 22.16% of that held by the insiders while 62.16% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 5.90% and return on equity (ROE) at 6.90%. It has a price to earnings ratio (P/E ratio) of 19.81 while having a 10.70 of forward P/E ratio. Stock’s beta reads 1.18. Stock has a price to book (P/B) ratio of 1.32 while price to sale or P/S ratio amounts to 0.38. Its return on asset (ROA) is 2.10% on average.
In the most recent quarter, iShares Russell 2000 ETF came cutting its stake by -1.44% in the company and now holds 1.26 million or 1.66% of the company’s stake having worth of about 7.85 million.
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