Entravision Communications Corp. (NYSE:EVC) price on Friday, August 02, fall -8.53% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.93.
A look at the stock’s price movement, the close in the last trading session was $2.11. Turning to its 52-week performance, $4.78 and $1.33 were the 52-week high and 52-week low respectively. Overall, EVC moved -2.53% over the past month.
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Entravision Communications Corp.’s market cap currently stands at around $173.18 million. The company has a Forward Dividend ratio of 0.20, with its dividend yield at 10.36%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 312M for the company’s revenue for the quarter, with a low and high estimate of 312M and 312M respectively. The average forecast suggests up to a 20.70% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 905.7M, representing a -18.20% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EVC is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
EVC’s current price about -7.35% and -6.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.36, while 7-day volatility ratio is 5.33% and 5.01% in the 30-day chart. Further, Entravision Communications Corp. (EVC) has a beta value of 1.01, and an average true range (ATR) of 0.11.
If we refocus on Entravision Communications Corp. (NYSE:EVC), historical trading data shows that trading volumes averaged 492.32K over the past 3 months. The company’s latest data on shares outstanding shows there are 80.15 million shares.
The 32.08% of Entravision Communications Corp.’s shares are in the hands of company insiders while institutional holders own 55.90% of the company’s shares. Current price change has pushed the stock -53.72% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EVC stock continues to rise going into the next quarter.
