EVM Stock Summary and Trading Ideas (Ev Ca Muni-Bond | AMEX:EVM)

The Fund’s investment objective is to provide current income exempt from federal income tax, including alternative minimum tax (AMT), and California personal income tax. Attractive tax-exempt monthly income– The Fund intends to make monthly distributions of net investment income, after payment of any dividends on any outstanding preferred shares. An objective of current income – The Fund’s portfolio manager will purchase and sell securities in an effort to maintain a competitive yield and to enhance return based on the relative value of the securities available in the market place.

Ev Ca Muni-Bond trades on the AMEX stock market under the symbol EVM.

As of May 13, 2024, EVM stock price climbed to $9.45 with 21,054 million shares trading.

EVM has a beta of 0.30, meaning it tends to be less sensitive to market movements. EVM has a correlation of 0.11 to the broad based SPY ETF.

EVM has a market cap of $233.16 million. This is considered a Small Cap stock.

In the last 3 years, EVM stock traded as high as $12.36 and as low as $7.67.

EVM has underperformed the market in the last year with a price return of +11.4% while the SPY ETF gained +28.2%. EVM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.2% and +0.7%, respectively, while the SPY returned +5.8% and +2.1%, respectively.

EVM support price is $9.37 and resistance is $9.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EVM stock will trade within this expected range on the day.