Envirotech Vehicles (EVTV) AI Stock Analysis

• Market Cap: $4.77M
• Dividend Yield: N/A
• Average Volume (3M): 675.19K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.70
• Revenue Growth: 2.97%
• EPS Growth: -11.17%
• Country: US
• Employees: 22
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): -0.64
• Shares Outstanding: 3,530,546
• 10 Day Avg. Volume: 119,138
• 30 Day Avg. Volume: 675,191
• PEG Ratio: 0.64
• Price to Book (P/B): 9.37
• Price to Sales (P/S): 104.88
• P/FCF Ratio: -49.84
• Enterprise Value/Market Cap: 2.19
• Enterprise Value/Revenue: 5.18
• Enterprise Value/Gross Profit: -7.68
• Enterprise Value/Ebitda: -0.85
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 38 Underperform
• Price Target: $1.00 ▼(-21.88% Downside)

Envirotech Vehicles is currently facing significant financial and operational challenges. The most impactful factor is the company's poor financial performance, with persistent losses and cash flow difficulties. Technical analysis also indicates bearish momentum, and valuation metrics are unfavorable with a negative P/E ratio. These factors collectively result in a low overall stock score.

Envirotech Vehicles Business Overview & Revenue Model

Company Description

Envirotech Vehicles (EVTV) is a leading manufacturer of electric vehicles, specializing in the production of environmentally friendly transportation solutions. The company operates primarily in the electric vehicle sector, focusing on electric buses, trucks, and other commercial vehicles. With a commitment to sustainability, EVTV aims to provide innovative and efficient electric mobility options for various industries, including public transportation and logistics.

How the Company Makes Money

Envirotech Vehicles generates revenue through the sale of its electric vehicles, which includes a range of models tailored for different commercial needs. The company leverages government incentives and grants aimed at promoting electric vehicle adoption, which can subsidize costs and enhance profitability. Additionally, EVTV may have partnerships with municipalities and private companies for fleet sales, which represent a significant revenue stream. The company also potentially earns money through maintenance services and spare parts for its vehicles, contributing to its overall earnings from existing customers.

Envirotech Vehicles Financial Statement Overview

Summary

Envirotech Vehicles is facing significant financial challenges, with persistent negative net income and EBIT. The company shows some production efficiency with a positive gross profit margin, but operating and net profit margins are deeply negative. The balance sheet shows moderate leverage but relies heavily on equity financing, and cash flow issues persist with negative operating and free cash flow.

Income Statement

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

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

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.02M	1.87M	2.86M	4.50M	2.04M	88.73K
Gross Profit	-1.36M	488.80K	1.01M	1.73M	761.38K	15.18K
EBITDA	-12.24M	-7.73M	-7.49M	-6.66M	-6.97M	-386.29K
Net Income	-22.74M	-8.85M	-12.68M	-43.80M	-7.65M	-279.52K
Balance Sheet
Total Assets	22.74M	32.67M	22.65M	33.48M	75.31M	2.41M
Cash, Cash Equivalents and Short-Term Investments	942.24K	1.94M	456.72K	5.10M	12.85M	136.22K
Total Debt	6.11M	3.84M	806.55K	232.44K	45.03K	152.84K
Total Liabilities	16.84M	11.75M	2.02M	1.49M	1.57M	2.88M
Stockholders Equity	5.91M	20.92M	20.63M	31.99M	73.74M	-472.16K
Cash Flow
Free Cash Flow	-7.66M	-3.94M	-4.28M	-7.60M	-12.96M	1.45M
Operating Cash Flow	-7.19M	-3.50M	-4.25M	-7.43M	-12.94M	1.53M
Investing Cash Flow	-4.75M	-4.71M	2.31M	5.51M	-4.68M	-73.09K
Financing Cash Flow	12.44M	9.70M	-430.48K	-156.69K	20.59M	152.84K

Envirotech Vehicles Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.28
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 1.28 is below the 20-day moving average (MA) of 1.45, below the 50-day MA of 1.81, and below the 200-day MA of 2.30, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 38.73 is Neutral, neither overbought nor oversold. The STOCH value of 19.17 is Positive, 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 *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SBLX	41 Neutral	$4.87M	-0.07	-264.35%	―	-98.22%	49.35%
CENN	40 Neutral	$9.47M	-0.14	-31.82%	―	7.86%	-22.19%
EVTV	38 Underperform	$4.77M	-0.13	-189.10%	―	2.97%	-11.17%
BINI	38 Underperform	$1.61M	―	―	―	5865.42%	99.51%
WKHS	38 Underperform	$16.77M	-0.03	-201.87%	―	11.73%	74.79%
EMPD	38 Underperform	$283.91M	―	-232.22%	―	-1.24%	99.95%

Envirotech Vehicles Corporate Events

Envirotech Vehicles Extends Earnout Period to 2026

Envirotech Vehicles, Inc. completed the acquisition of Maddox Industries on December 18, 2024, and initially agreed on an earnout period for payments to the seller based on revenue, capped at $1 million. On October 20, 2025, the company extended this earnout period to June 17, 2026, maintaining the same terms, which could impact financial planning and stakeholder expectations.

The most recent analyst rating on (EVTV) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Envirotech Vehicles stock, see the EVTV Stock Forecast page.

Envirotech Vehicles Delays Form 10-Q Filing

Envirotech Vehicles, Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending June 30, 2025. The company cites the need for additional time to complete a final review of its financial statements and disclosures as the primary reason for the delay. Envirotech Vehicles expects to file the report within the five-day extension period allowed under Rule 12b-25. The company anticipates significant changes in its financial results, including a notable increase in net loss due to a non-cash impairment charge linked to a decline in stock price and adjustments in inventory and receivables reserve. These forward-looking statements are subject to risks and uncertainties. The notification was signed by Jason Maddox, President and Interim Chief Financial Officer, who assured ongoing compliance efforts.

Envirotech Vehicles Appoints Jason Maddox as Director

On August 5, 2025, Envirotech Vehicles appointed Jason Maddox as a Class II director, effective August 6, 2025, until the 2025 Annual Meeting of Stockholders. Maddox, who has been the Interim CFO and President of the company, brings extensive leadership experience from his role as CEO of Maddox Defense and Maddox Industries. His appointment follows the acquisition of Maddox Industries by Envirotech in December 2024, where Maddox was the sole member. The acquisition involved a stock exchange valued at approximately $4.3 million, and Maddox Industries continues to manufacture medical gowns under a contract with Maddox Defense, contributing to Envirotech’s financial activities.