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Envirotech Vehicles (EVTV)
NASDAQ:EVTV
US Market

Envirotech Vehicles (EVTV) AI Stock Analysis

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Envirotech Vehicles

(NASDAQ:EVTV)

Rating:44Neutral
Price Target:
$0.00
▼(-100.00%Downside)
Envirotech Vehicles faces significant financial challenges with persistent losses and negative cash flows, heavily influencing its overall score. The technical analysis indicates continued bearish sentiment, while the valuation highlights risks tied to profitability. These factors collectively contribute to a low overall stock score.

Envirotech Vehicles (EVTV) vs. SPDR S&P 500 ETF (SPY)

Envirotech Vehicles Business Overview & Revenue Model

Company DescriptionEnvirotech 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 MoneyEnvirotech 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, with persistent losses in profitability and cash flow difficulties. Despite a positive gross profit margin, both EBIT and net profit margins are negative. The balance sheet shows a mix of manageable leverage but heavy reliance on equity financing. Overall, financial stability is at risk without strategic interventions.
Income Statement
25
Negative
Envirotech Vehicles has been experiencing significant challenges in profitability, with consistent negative net income and EBIT over the years. The gross profit margin remains positive, indicating some efficiency in production, but both EBIT and net profit margins are deeply negative, reflecting substantial operating losses. Revenue growth has been inconsistent, showing volatility in business operations.
Balance Sheet
30
Negative
The company exhibits a mixed balance sheet condition. While it maintains a positive stockholders' equity, the return on equity is negative due to persistent losses. The debt-to-equity ratio is moderate, suggesting manageable leverage, but the equity ratio indicates a heavy reliance on equity financing. This implies potential sustainability but also highlights risks if profitability does not improve.
Cash Flow
28
Negative
Envirotech Vehicles faces cash flow challenges, with negative operating and free cash flow indicating issues in generating cash from operations. The operating cash flow to net income ratio is unfavorable, reinforcing the difficulty in converting sales into actual cash. Although there is some investment and financing activity, the cash flow situation remains a concern.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.87M2.86M4.50M2.04M88.73K
Gross Profit488.80K1.01M1.73M761.38K15.18K
EBITDA-7.73M-7.49M-6.66M-7.36M-386.29K
Net Income-8.85M-12.68M-43.80M-7.65M-279.52K
Balance Sheet
Total Assets32.67M22.65M33.48M75.31M2.41M
Cash, Cash Equivalents and Short-Term Investments1.94M456.72K5.10M12.85M136.22K
Total Debt3.84M806.55K232.44K45.03K152.84K
Total Liabilities11.75M2.02M1.49M1.57M2.88M
Stockholders Equity20.92M20.63M31.99M73.74M-472.16K
Cash Flow
Free Cash Flow-3.94M-4.28M-7.60M-12.96M1.45M
Operating Cash Flow-3.50M-4.25M-7.43M-12.94M1.53M
Investing Cash Flow-4.71M2.31M5.51M-4.68M-73.09K
Financing Cash Flow9.70M-430.48K-156.69K20.59M152.84K

Envirotech Vehicles Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.18
Price Trends
50DMA
0.21
Negative
100DMA
0.25
Negative
200DMA
0.85
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
45.12
Neutral
STOCH
58.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVTV, the sentiment is Neutral. The current price of 0.18 is above the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.21, and below the 200-day MA of 0.85, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.12 is Neutral, neither overbought nor oversold. The STOCH value of 58.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for EVTV.

Envirotech Vehicles Risk Analysis

Envirotech Vehicles disclosed 47 risk factors in its most recent earnings report. Envirotech Vehicles reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Envirotech Vehicles Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
AU$2.83B27.144.84%5.11%2.60%-31.70%
52
Neutral
$184.51M-186.28%8.52%98.75%
52
Neutral
$5.86M-37.82%-16.89%31.24%
46
Neutral
$13.74M-188.79%-53.55%65.29%
44
Neutral
$4.50M-132.63%-47.62%8.34%
43
Neutral
$10.23M-1026.66%-24.26%93.83%
28
Underperform
$1.20M
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
EVTV
Envirotech Vehicles
0.18
-1.38
-88.46%
WKHS
Workhorse Group
1.45
-16.93
-92.11%
NVVE
Nuvve Holding
0.98
-5.34
-84.49%
FFAI
Faraday Future Intelligent Electric
1.89
-14.71
-88.61%
JWEL
Jowell Global
2.70
0.70
35.00%
ZAPPF
Zapp Electric Vehicles
0.07
-9.17
-99.24%

Envirotech Vehicles Corporate Events

Private Placements and FinancingFinancial Disclosures
Envirotech Vehicles Issues Additional Promissory Notes
Neutral
Feb 25, 2025

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 02, 2025