Covalis Capital LLP has recently announced that it has increased stake in Enviva Inc (NYSE:EVA) by 16.29%. After grabbing 1.96 million shares, the institutional investor is now in possession of 0.27 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 2.63% having worth around $1.95 million. Moreover, American Century Investment Manag increased its share by 2481.0 to have a control over 1.53 million shares. And Keyframe Capital Partners LP raised its holdings to 0.75 million shares by acquiring 1.37 million shares or 1.84% of the stake.
Enviva Inc (EVA) concluded trading on Thursday at a closing price of $0.50, with 12.26 million shares of worth about $6.13 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -96.30% during that period and on Thursday, January 25 the price saw a gain of about 40.33%. Currently the company’s common shares owned by public are about 66.97M shares, out of which, 38.82M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 88 times over the past 12 months. They bought 10,881,721 shares in 74 of the transactions. In 14 selling transactions, insiders dumped 2,300,326 shares.
American Century Small Cap Value, Vanguard Total Stock Market ETF, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Enviva Inc American Century Small Cap Value is currently holding 1.26 million shares of worth totaling $1.25 million. The company recently came buying 0.0 shares which brought its stake up to 1.69% of the company’s outstanding shares. iShares Russell 2000 ETF, after selling 0.82 million shares, have now control over 1.10% of the stake in the company. It holds 2178.0 shares of worth $0.82 million.
However, the stock later moved at a day high price of 0.5990, or with a gain of 40.33%. Stock saw a price change of 1.69% in past 5 days and over the past one month there was a price change of -49.88%. Year-to-date (YTD), EVA shares are showing a performance of -49.96% which decreased to -98.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.33 but also hit the highest price of $48.68 during that period. The average intraday trading volume for Enviva Inc shares is 2.71 million. The stock is currently trading -32.92% below its 20-day simple moving average (SMA20), while that difference is down -51.87% for SMA50 and it goes to -93.92% lower than SMA200.
Covalis Capital LLP acquired 1.96 million shares of Enviva Inc having value of about $1.95 million. Data submitted at the U.S SEC by Covalis Capital LLP revealed that the firm now holds 0.27 million shares in the company valued at close to $137486.0, or have control over 16.29% stake in the company. Enviva Inc (NYSE: EVA) currently have 66.97M outstanding shares and institutions hold larger chunk of about 35.93% of that. Holding of mutual funds in the company is about 25.82% while other institutional holders and individual stake holders have control over 65.40% and 10.14% of the stake respectively.
The stock has a current market capitalization of $37.12M and its 3Y-monthly beta is at 0.89. It has posted earnings per share of -$4.85 in the same period. It has Quick Ratio of 1.06 while making debt-to-equity ratio of 6.23. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EVA, volatility over the week remained 30.65% while standing at 20.83% over the month.
Analysts are in expectations that Enviva Inc (EVA) stock would likely to be making an EPS of -$1.21 in the current quarter, while forecast for next quarter EPS is -$0.58 and it is -$1.82 for next year. For the current quarter EPS, analysts have given the company a lowest target -$2.41 which is -$0.47 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.75 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -89.31% while it is estimated to increase by 62.12% in next year.
