EVTV Stock Summary and Trading Ideas (Envirotech Vehicles | NASDAQ:EVTV)

Envirotech Vehicles Inc is a provider of purpose-built zero-emission electric vehicles focused on reducing the total cost of vehicle ownership and helping fleet operators unlock the benefits of green technology. It recognizes revenue from the sales of zero-emission electric vehicles and vehicle maintenance and inspection services. The Company serves commercial and last-mile fleets, school districts, public and private transportation service companies and colleges and universities to meet the increasing demand for light to heavy-duty electric vehicles.

Envirotech Vehicles trades on the NASDAQ stock market under the symbol EVTV.

As of December 11, 2024, EVTV stock price declined to $1.33 with 38,485 million shares trading.

EVTV has a beta of 1.78, meaning it tends to be more sensitive to market movements. EVTV has a correlation of 0.04 to the broad based SPY ETF.

EVTV has a market cap of $21.47 million. This is considered a Sub-Micro Cap stock.

The top ETF exchange traded funds that EVTV belongs to (by Net Assets): VTI, VXF, IWC, CCSO.

EVTV has underperformed the market in the last year with a price return of +3.9% while the SPY ETF gained +33.5%. EVTV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -21.8% and -1.5%, respectively, while the SPY returned +11.0% and +1.1%, respectively.

EVTV support price is $1.34 and resistance is $1.56 (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 EVTV shares will trade within this expected range on the day.