Envirotech Vehicles (EVTV) AI Stock Analysis

• Market Cap: $6.37M
• Dividend Yield: N/A
• Average Volume (3M): 125.72K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.66
• Revenue Growth: 2.97%
• EPS Growth: -11.17%
• Country: US
• Employees: 22
• Sector: Consumer Cyclical
• Sector Strength: 73
• Industry: Auto - Manufacturers
• EPS (TTM): -0.64
• Shares Outstanding: 3,500,000
• 10 Day Avg. Volume: 207,026
• 30 Day Avg. Volume: 125,724
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.64
• Enterprise Value/Revenue: 5.59
• Enterprise Value/Gross Profit: 21.38
• Enterprise Value/Ebitda: -1.35
• 1Y Price Target: $2.00
• Price Target Upside: -0.50% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 46 Neutral
• Price Target: $2.00 ▼(-0.50% Downside)

Envirotech Vehicles' overall stock score is primarily impacted by its poor financial performance and valuation. The company's persistent losses and cash flow issues are significant concerns. Technical analysis provides a slightly more neutral outlook, but the lack of positive valuation metrics further weighs down the 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 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 losses and negative cash flow. Although the company maintains positive stockholders' equity, the negative return on equity and operating losses indicate financial instability. The reliance on equity financing poses sustainability risks if profitability issues are not addressed.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.87M	2.86M	4.50M	2.04M	88.73K
Gross Profit	488.80K	1.01M	1.73M	761.38K	15.18K
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 Assets	32.67M	22.65M	33.48M	75.31M	2.41M
Cash, Cash Equivalents and Short-Term Investments	1.94M	456.72K	5.10M	12.85M	136.22K
Total Debt	3.84M	806.55K	232.44K	45.03K	152.84K
Total Liabilities	11.75M	2.02M	1.49M	1.57M	2.88M
Stockholders Equity	20.92M	20.63M	31.99M	73.74M	-472.16K
Cash Flow
Free Cash Flow	-3.94M	-4.28M	-7.60M	-12.96M	1.45M
Operating Cash Flow	-3.50M	-4.25M	-7.43M	-12.94M	1.53M
Investing Cash Flow	-4.71M	2.31M	5.51M	-4.68M	-73.09K
Financing Cash Flow	9.70M	-430.48K	-156.69K	20.59M	152.84K

Envirotech Vehicles Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 2.01 is above the 20-day moving average (MA) of 1.84, above the 50-day MA of 1.82, and below the 200-day MA of 5.97, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 49.29 is Neutral, neither overbought nor oversold. The STOCH value of 20.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	$17.43B	12.62	-6.02%	3.11%	1.71%	-15.47%
AYRO	47 Neutral	$4.57M	―	-264.35%	―	-98.22%	49.35%
EVTV	46 Neutral	$6.37M	―	-189.10%	―	2.97%	-11.17%
WKHS	44 Neutral	$15.63M	―	-201.87%	―	11.73%	74.79%
CENN	40 Neutral	$28.88M	―	-31.82%	―	7.86%	-22.19%
EMPD	40 Underperform	$427.00M	―	-232.22%	―	-1.24%	99.95%
BINI	37 Underperform	$2.73M	―	-3842.15%	―	5865.42%	99.51%

Envirotech Vehicles Corporate Events

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.

Envirotech Vehicles Executes Reverse Stock Split

On August 6, 2025, Envirotech Vehicles, Inc. executed a 1-for-10 reverse stock split of its common stock, reducing the number of outstanding shares from approximately 35.3 million to 3.5 million. This move, approved by stockholders on May 1, 2025, aims to enhance the company’s stock market position, with trading on a split-adjusted basis beginning on August 8, 2025, under the unchanged ticker symbol ‘EVTV’.