Envirotech Vehicles (NASDAQ:EVTV – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($2.00) by $1.69, FiscalAI reports. The business had revenue of $2.25 million during the quarter, compared to the consensus estimate of $0.17 million. Envirotech Vehicles had a negative return on equity of 1,284.22% and a negative net margin of 658.70%.
Envirotech Vehicles Stock Performance
Shares of EVTV stock opened at $2.50 on Wednesday. The stock’s 50-day simple moving average is $1.79 and its 200-day simple moving average is $1.60. The firm has a market capitalization of $32.33 million, a PE ratio of -0.20 and a beta of 0.80. Envirotech Vehicles has a fifty-two week low of $0.33 and a fifty-two week high of $5.07.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on EVTV shares. Weiss Ratings downgraded Envirotech Vehicles from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 1st. Wall Street Zen raised shares of Envirotech Vehicles from a “strong sell” rating to a “hold” rating in a report on Saturday, April 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.
Envirotech Vehicles Company Profile
Envirotech Vehicles, Inc manufactures and provides zero-emission electric vehicles in the United States. It offers Class 2 through logistics vans; class 4 through urban trucks, school buses, electric forklifts, street sweepers, neighborhood electric vehicles, and right-hand drive vans and urban trucks. The company also offers vehicle maintenance and safety inspection services. It serves commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities.
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