Envirotech Vehicles (EVTV) AI Stock Analysis

• Market Cap: $2.01M
• Dividend Yield: N/A
• Average Volume (3M): 675.19K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.93
• Revenue Growth: 113.69%
• EPS Growth: -84.50%
• Country: US
• Employees: 22
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): -0.64
• Shares Outstanding: 4,829,515
• 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: 5.20
• Enterprise Value/Revenue: 2.83
• Enterprise Value/Gross Profit: -9.11
• Enterprise Value/Ebitda: -0.64
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 37 Underperform
• Price Target: $0.39 ▼(-25.19% Downside)

Envirotech Vehicles is currently facing significant financial and technical challenges. The company's persistent losses, negative cash flow, and bearish technical indicators are major concerns. The negative P/E ratio and lack of dividend yield further highlight the stock's unattractiveness. Without strategic interventions to address these issues, the stock remains a high-risk investment.

Positive Factors

Revenue Growth

Despite inconsistencies, the potential for revenue growth in the EV sector remains strong, driven by increasing demand for eco-friendly transportation solutions.

Market Position

The company's focus on commercial EVs positions it well in a growing market segment, benefiting from global trends towards sustainable transportation.

Strategic Partnerships

Partnerships with governments and businesses can drive bulk orders and collaborative projects, supporting long-term revenue growth and market expansion.

Negative Factors

Financial Challenges

Ongoing financial difficulties, including negative cash flow and persistent losses, threaten the company's ability to sustain operations without strategic financial interventions.

Profitability Issues

Persistent profitability issues, with negative net income and EBIT, indicate operational inefficiencies and hinder the company's ability to invest in growth and innovation.

Board Member Departure

The departure of a board member can lead to strategic uncertainty and potential disruption in leadership continuity, affecting long-term strategic planning.

Envirotech Vehicles Business Overview & Revenue Model

Company Description

Envirotech Vehicles (EVTV) is a manufacturer and distributor of electric vehicles (EVs) designed for commercial applications. The company focuses on providing eco-friendly transportation solutions, primarily serving sectors such as public transit, municipal services, and delivery fleets. Its core products include electric buses, trucks, and other specialty vehicles, all designed to reduce emissions and operational costs for businesses and government entities.

How the Company Makes Money

Envirotech Vehicles generates revenue through the sale of its electric vehicles, which includes both direct sales to customers and potential lease agreements. The company also earns income from maintenance services and parts sales for its vehicles, fostering ongoing relationships with customers. Additionally, EVTV may benefit from government grants and incentives aimed at promoting green technology and sustainable transportation solutions. Strategic partnerships with local governments and businesses can further enhance its revenue stream by facilitating bulk orders and collaborative projects focused on urban mobility.

Envirotech Vehicles Financial Statement Overview

Summary

Envirotech Vehicles is facing significant financial challenges, with persistent losses and cash flow difficulties. The company shows some resilience in maintaining equity, but operational inefficiencies and inconsistent revenue growth pose risks to financial stability.

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	3.70M	1.87M	2.86M	4.50M	2.04M	88.73K
Gross Profit	-1.15M	488.80K	1.01M	1.73M	761.38K	15.18K
EBITDA	-16.24M	-7.73M	-7.49M	-6.66M	-6.97M	-386.29K
Net Income	-27.87M	-8.85M	-12.68M	-43.80M	-7.65M	-279.52K
Balance Sheet
Total Assets	18.20M	32.67M	22.65M	33.48M	75.31M	2.41M
Cash, Cash Equivalents and Short-Term Investments	77.59K	1.94M	456.72K	5.10M	12.85M	136.22K
Total Debt	3.97M	3.84M	806.55K	232.44K	178.71K	152.84K
Total Liabilities	16.33M	11.75M	2.02M	1.49M	1.57M	2.88M
Stockholders Equity	1.86M	20.92M	20.63M	31.99M	73.74M	-472.16K
Cash Flow
Free Cash Flow	-7.33M	-3.94M	-4.28M	-7.60M	-12.96M	1.45M
Operating Cash Flow	-6.95M	-3.50M	-4.25M	-7.43M	-12.94M	1.53M
Investing Cash Flow	-4.65M	-4.71M	2.31M	5.51M	-4.68M	-73.09K
Financing Cash Flow	11.00M	9.70M	-430.48K	-156.69K	20.59M	152.84K

Envirotech Vehicles Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.52
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• 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 0.52 is below the 20-day moving average (MA) of 1.03, below the 50-day MA of 1.23, and below the 200-day MA of 1.91, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 24.12 is Positive, neither overbought nor oversold. The STOCH value of 7.47 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%
WKHS	42 Neutral	$11.67M	-0.03	-162.44%	―	16.74%	81.14%
SBLX	41 Neutral	$4.64M	-0.07	-121.52%	―	-100.00%	11.41%
CENN	40 Neutral	$13.95M	-0.13	-30.79%	―	-56.89%	12.17%
EMPD	40 Underperform	$160.26M	-0.05	-20.84%	―	-36.52%	99.81%
BINI	38 Underperform	$1.90M	―	―	―	5865.42%	98.16%
EVTV	37 Underperform	$2.01M	-0.04	-267.76%	―	113.69%	-84.50%

Envirotech Vehicles Corporate Events

Envirotech Vehicles Board Member Melissa Barcellos to Depart

On November 12, 2025, Melissa Barcellos announced she will not seek re-election to Envirotech Vehicles, Inc.’s Board of Directors at the 2025 Annual Meeting of Stockholders. Having served since March 2021, her decision is not due to any disagreement with the company, and she will remain in her role until the end of her term.

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.