Entravision Communications Corp (NYSE:EVC) price closed higher on Friday, January 10, and jumping 17.11% above its previous close.
A look at the daily price movement shows that the last close reads $2.28, with intraday deals fluctuated between $2.21 and $2.7. The company’s 5Y monthly beta was ticking 0.99. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.41 and 52-week low of $1.33. The stock added 4.71% on its value in the past month.
Entravision Communications Corp, which has a market valuation of $240.27 million, is expected to release its quarterly earnings report in February. The company stock has a Forward Dividend ratio of 0.20, while the dividend yield is 7.49%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give EVC a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that EVC’s price is at present 10.19% off the SMA20 and 9.88% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 59.86, with weekly volatility standing at 11.64%. The indicator jumps to 6.91% when calculated based on the past 30 days. Entravision Communications Corp (NYSE:EVC)’s beta value is holding at 1.00, while the average true range (ATR) indicator is currently reading 0.17.
An analysis of the Entravision Communications Corp (NYSE:EVC) stock in terms of its daily trading volume indicates that the 3-month average is 352.85K. However, this figure increases on the past 10-day timeline to an average of 0.51 million.
Current records show that the company has 80.63M in outstanding shares. The insiders’ percentage holdings are 32.42% of outstanding shares while the percentage share held by institutions stands at 52.82%. The stats also highlight that short interest as of 2024-12-13, stood at 1.18 million shares, which puts the short ratio at the time at 4.34. From this we can glean that short interest is 237.00 of company’s current outstanding shares. Notably, we see that shares short in December fall slightly given the previous month’s figure stood at 1.26 million. But the 13.62% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
