Envirotech Vehicles (EVTV) AI Stock Analysis

• Market Cap: $5.87M
• Dividend Yield: N/A
• Average Volume (3M): 138.27K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.77
• Revenue Growth: -34.68%
• EPS Growth: 34.15%
• Country: US
• Employees: 22
• Sector: Consumer Cyclical
• Sector Strength: 67
• Industry: Auto - Manufacturers
• EPS (TTM): -0.55
• Shares Outstanding: 23,106,392
• 10 Day Avg. Volume: 74,017
• 30 Day Avg. Volume: 138,273
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 5.17
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 30.18
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Envirotech Vehicles faces significant financial and operational challenges, with persistent losses and negative cash flow impacting its financial health. The technical indicators suggest a bearish trend, with the stock trading below key moving averages. The negative P/E ratio and lack of dividends further highlight valuation concerns. Overall, the company's current financial and market conditions pose substantial risks, resulting in a low stock score.

Envirotech Vehicles Business Overview & Revenue Model

Company Description

Envirotech Vehicles, Inc. provides zero-emission electric vehicles in the United States. The company also offers vehicle maintenance and inspection services. It serves commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities. The company was formerly known as ADOMANI, Inc. and changed its name to Envirotech Vehicles, Inc. in May 2021. Envirotech Vehicles, Inc. is based in Osceola, Arkansas.

How the Company Makes Money

Envirotech Vehicles makes money through the sale of its electric vehicles to commercial and industrial clients. The company's revenue model is centered around direct sales of its electric trucks, vans, and buses, which are tailored for various applications in logistics, municipal services, and last-mile delivery. Additionally, Envirotech Vehicles may generate income from offering after-sales services, including maintenance and support, as well as through strategic partnerships or collaborations with key industry players that facilitate broader market reach and adoption of their vehicles. However, specific data on significant partnerships or detailed financial arrangements is not available.

Envirotech Vehicles Financial Statement Overview

Summary

Envirotech Vehicles is facing significant financial challenges across income, balance sheet, and cash flow aspects. The company struggles with declining revenues, negative profitability, and high leverage, impacting its financial health. Cash flow issues further emphasize the need for strategic improvements to stabilize financial performance.

Income Statement

Envirotech Vehicles exhibits declining revenue with a significant negative net profit margin and EBIT margin over the TTM (Trailing-Twelve-Months). The company shows negative revenue growth, suggesting a struggle in maintaining sales momentum. Profitability remains a concern with negative margins, indicating operational inefficiencies and financial challenges.

Balance Sheet

The balance sheet of Envirotech Vehicles shows a relatively high equity ratio, which is a positive indicator of financial stability. However, the debt-to-equity ratio increased over the recent period, indicating rising leverage. The negative return on equity reflects the company's inability to generate profit from shareholders' equity, posing a risk to financial sustainability.

Cash Flow

Envirotech Vehicles' cash flow statement reveals negative operating cash flow and free cash flow, highlighting liquidity challenges. The free cash flow to net income ratio is negative, indicating that cash flow generation is insufficient to cover losses. There is also a negative free cash flow growth rate, which further stresses the cash position.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
2.86M	4.50M	2.04M	88.73K	12.56M
	Gross Profit
1.01M	1.73M	761.38K	15.18K	885.42K
	EBIT
-12.71M	-43.85M	-7.72M	-410.96K	-5.21M
	EBITDA
-7.49M	-6.66M	-7.36M	-386.29K	-5.10M
	Net Income Common Stockholders
-12.68M	-43.80M	-7.65M	-279.52K	-5.15M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
456.72K	5.10M	12.85M	136.22K	7.20M
	Total Assets
22.65M	33.48M	75.31M	2.41M	10.32M
	Total Debt
806.55K	232.44K	45.03K	152.84K	5.82M
	Net Debt
349.83K	-2.53M	-4.80M	16.61K	1.39M
	Total Liabilities
2.02M	1.49M	1.57M	2.88M	7.04M
	Stockholders Equity
20.63M	31.99M	73.74M	-472.16K	3.28M
Cash Flow		Free Cash Flow
-4.28M	-7.60M	-12.96M	1.45M	-4.59M
	Operating Cash Flow
-4.25M	-7.43M	-12.94M	1.53M	-4.58M
	Investing Cash Flow
2.31M	5.51M	-4.68M	-73.09K	1.13M
	Financing Cash Flow
-430.48K	-156.69K	20.59M	152.84K	4.13M

Envirotech Vehicles Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVTV, the sentiment is Negative. The current price of 0.25 is above the 20-day moving average (MA) of 0.25, below the 50-day MA of 0.27, and below the 200-day MA of 1.21, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 43.46 is Neutral, neither overbought nor oversold. The STOCH value of 59.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EVTV.

Envirotech Vehicles Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$6.86B	11.74	3.14%	4.15%	2.37%	-21.95%
JWEL	46 Neutral	$3.84M	―	-32.36%	―	-16.85%	-9.20%
WKHS	39 Underperform	$6.05M	―	-159.80%	―	-49.47%	54.99%
EVTV	34 Underperform	$5.87M	―	-42.59%	―	-34.68%	34.15%
FFAI	31 Underperform	$125.56M	―	-207.37%	―	-31.25%	98.68%
NVVE	28 Underperform	$2.64M	―	-559.17%	―	-35.99%	-909.64%
ZAPP	28 Underperform	$4.15M	―		―	―	―

Envirotech Vehicles Corporate Events

Envirotech Vehicles Issues Additional Promissory Notes

Envirotech Vehicles announced the issuance of Additional Promissory Notes under a Supplemental Agreement, leveraging an exemption from registration under the Securities Act of 1933. As of February 5, 2025, the company reported having approximately $3,000,000 in cash with a monthly burn rate of about $600,000, highlighting its financial position and operational expenditures.