Envirotech Vehicles Inc (NASDAQ:EVTV) shares, rose in value on Wednesday, June 18, with the stock price up by 7.46% to the previous day’s close as strong demand from buyers drove the stock to $0.17.
Actively observing the price movement in the last trading, the stock closed the session at $0.16. Referring to stock’s 52-week performance, its high was $2.61, and the low was $0.15. On the whole, EVTV has fluctuated by -22.38% over the past month.
With the market capitalization of Envirotech Vehicles Inc currently standing at about $4.36 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2022-Aug-15.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EVTV’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of EVTV currently trading nearly -10.51% and -25.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.66, while the 7-day volatility ratio is showing 5.56% which for the 30-day chart, stands at 5.95%. Furthermore, Envirotech Vehicles Inc (EVTV)’s beta value is 2.77, and its average true range (ATR) is 0.02.
A comparison of Envirotech Vehicles Inc (EVTV) with its peers suggests the former has fared considerably weaker in the market. EVTV showed an intraday change of 7.46% in last session, and over the past year, it shrunk by -87.13%%.
Data on historical trading for Envirotech Vehicles Inc (NASDAQ:EVTV) indicates that the trading volumes over the past 3 months, they’ve averaged 564.44K. According to company’s latest data on outstanding shares, there are 23.11 million shares outstanding.
Nearly 25.29% of Envirotech Vehicles Inc’s shares belong to company insiders and institutional investors own 3.82% of the company’s shares. The stock has fallen by -85.96% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EVTV stock heading into the next quarter.
