The Rejuvenation of Envision Solar International Inc. (NASDAQ:EVSI)

The Rejuvenation of Envision Solar International Inc. (NASDAQ:EVSI)

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The Envision Solar International Inc. (EVSI) shares are trading at lower $8.76 and the avg recommendation for the stock is Moderate Buy. The current analyst price target stands at $12.00.

To add more color to this target, the company’s high over the last year is $12.85 and the low is $3.90. Over the last 52 weeks, EVSI is down -31.83% while the S&P 500 is up 1.47%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, EVSI reported a profit of $40000.0. Envision Solar International Inc. also saw revenues decrease to $1.32 million. In addition, EVSI has free cash flow of -$1.68 million as of 03-2020 The company’s EBITDA came in at -$0.93 million which compares well with its peers.

EVSI booked profit margins of -75.00%, its Return on Equity (ROE) is -61.30%, and its Return on Assets is -47.00%. All told, it is clear that, EVSI needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. EVSI has a short ratio of 3.70 and outstanding shares of 5.22M.

Company Outlook

EVSI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 84830.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.78. Envision Solar International Inc. EVSI also noted assets of $7.01 million at the end of the last quarter. Investors should also keep an eye on sector updates as EVSI has historically followed its peers on positive news.

All told, Envision Solar International Inc. EVSI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, EVSI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Envision Solar International Inc. EVSI is now commanding a market cap of 44.59M and a float of 4.40M. EVSI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of EVSI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in EVSI, either long or short, and we have not been compensated for this article.