The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Enviva Inc. shares valued at $28,560 were sold by Kravtsova Yana on Nov 01. At $60.00 per share, Kravtsova Yana sold 476 shares. The insider’s holdings dropped to 90,027 shares worth approximately $5.4 million following the completion of this transaction.
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Also, UBBEN JEFFREY W purchased 25,000 shares, netting a total of over 1,256,125 in proceeds. Following the buying of shares at $50.24 each, the insider now holds 5,513,742 shares.
Before that, UBBEN JEFFREY W had added 75,000 shares to its account. In a trade valued at $3,798,248, the Director bought Enviva Inc. shares for $50.64 each. Upon closing the transaction, the insider’s holdings increased to 75,000 shares, worth approximately $328.94 million.
As published in a research note from Raymond James on October 18, 2022, Enviva Inc. [EVA] has been rated up from an Outperform to a Strong buy and the price target has been revised to $80. This represents a 25.09% premium over Thursday’s closing price. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid October. As of September 15, 2022, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for EVA. Earlier on August 19, 2022, RBC Capital Mkts downgraded its rating. Their new recommendation was “a Sector perform” for EVA stock which previously was a “an Outperform”.
Analyzing EVA Stock Performance
On Thursday, Enviva Inc. [NYSE: EVA] rose 0.44% to $59.93. The stock’s lowest price that day was $56.82, but it reached a high of $60.90 in the same session. During the last five days, there has been a surge of approximately 1.84%. Over the course of the year, Enviva Inc. shares have dropped approximately -14.90%. Shares of the company reached a 52-week high of $91.06 on 04/19/22 and a 52-week low of $45.88 on 10/12/22. A 50-day SMA is recorded $63.13, while a 200-day SMA reached $69.98. Nevertheless, trading volume fell to 0.81 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for Enviva Inc. (EVA)
According to the 24-hour chart, there is a support level at 57.53, which, if violated, would cause prices to drop to 55.14. In the upper region, resistance lies at 61.61. The next price resistance is at 63.30. RSI (Relative Strength Index) is 51.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.06, which suggests the price will increase in the coming days. Percent R is at 14.39%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Enviva Inc. subject to short interest?
Stocks of Enviva Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.34 million shares to 2.89 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.55 million shares. A jump of 11.76% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.77 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.77.
Which companies own the most shares of Enviva Inc. (EVA)?
According to ValueAct Capital Management LP filings, the company currently owns 5,518,996 shares, which is about 8.26% of the total EVA shares outstanding. The investor’s shares have appreciated by 30,254 from its previous 13-F filing of 5488742.0 shares. With the completion of the buy transaction, Inclusive Capital Partners LP’s stake is now worth $325,062,498. Capital Research & Management Co acquire a 1,616.53% interest valued at $192.24 million while The Vanguard Group, Inc. purchased a 100,172 stake. A total of -1,914,275 shares of Enviva Inc. were bought by Fidelity Management & Research Co during the quarter, and 1,216,841 were bought by SSgA Funds Management, Inc. In its current portfolio, BlackRock Fund Advisors holds 1,204,187 shares valued at $72.32 million.