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Envirotech Vehicles
(NASDAQ:EVTV)
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Rating:50Neutral
Price Target:
$2.00
▼(-20.32% Downside)
Action:Reiterated
Date:07/11/26
The score is held down primarily by very weak financial performance (large losses, persistent cash burn, and negative equity). Technicals contribute some support with price trading above major moving averages and mildly positive momentum. Corporate events add upside due to the AI-infrastructure pivot, merger completion, and a newly announced hosting agreement, but valuation remains constrained by ongoing losses (negative P/E) and no dividend yield data.
Positive Factors
Contracted Hosting Revenue
A signed capacity reservation with initial deposit converts power capacity into predictable, contracted revenue rather than one-off sales. Reservation charges and expansion rights support a recurring hosting model that can stabilize cash flows if the company executes buildouts and secures further customer commitments.
Negative Factors
Negative Equity
Negative equity signals a materially weakened capital base and elevates solvency and creditor risk. For a capital-intensive AI infrastructure strategy, negative equity constrains borrowing capacity, increases financing costs, and raises the likelihood of dilutive recapitalizations or restrictive financing terms.
Read all positive and negative factors
Positive Factors
Negative Factors
Contracted Hosting Revenue
A signed capacity reservation with initial deposit converts power capacity into predictable, contracted revenue rather than one-off sales. Reservation charges and expansion rights support a recurring hosting model that can stabilize cash flows if the company executes buildouts and secures further customer commitments.
Read all positive factors
Envirotech Vehicles (EVTV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$25.09M
Dividend YieldN/A
Average Volume (3M)675.19K
Price to Earnings (P/E)―
Beta (1Y)0.78
Revenue Growth360.39%
EPS Growth28.58%
CountryUS
Employees293
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)N/A
Shares Outstanding12,930,719
10 Day Avg. Volume119,138
30 Day Avg. Volume675,191
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.65
Price to Sales (P/S)0.98
P/FCF Ratio-1.01
Enterprise Value/Market Cap0.31
Enterprise Value/Revenue1.03
Enterprise Value/Gross Profit-0.58
Enterprise Value/Ebitda-0.27
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Envirotech Vehicles Business Overview & Revenue Model
Company Description
Based in Osceola, Arkansas, Envirotech Vehicles, Inc. supplies zero-emission electric vehicles throughout the United States. Additionally, the firm provides comprehensive upkeep and diagnostic inspection services for these vehicles. Their extensiv...
How the Company Makes Money
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Envirotech Vehicles Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.60M | 5.94M | 1.87M | 2.86M | 4.50M | 2.04M |
| Gross Profit | -13.51M | -8.12M | 488.80K | 1.01M | 1.73M | 761.38K |
| EBITDA | -28.62M | -24.32M | -7.73M | -7.49M | -6.66M | -6.97M |
| Net Income | -29.08M | -39.13M | -8.85M | -12.68M | -43.80M | -7.65M |
Balance Sheet | ||||||
| Total Assets | 11.19M | 4.67M | 32.67M | 22.65M | 33.48M | 75.31M |
| Cash, Cash Equivalents and Short-Term Investments | 2.01M | 358.97K | 1.94M | 456.72K | 5.10M | 12.85M |
| Total Debt | 5.11M | 1.04M | 3.84M | 806.55K | 232.44K | 178.71K |
| Total Liabilities | 19.37M | 13.60M | 11.75M | 2.02M | 1.49M | 1.57M |
| Stockholders Equity | -8.18M | -8.93M | 20.92M | 20.63M | 31.99M | 73.74M |
Cash Flow | ||||||
| Free Cash Flow | -6.24M | -5.76M | -3.94M | -4.28M | -7.60M | -12.96M |
| Operating Cash Flow | -4.71M | -5.59M | -3.50M | -4.25M | -7.43M | -12.94M |
| Investing Cash Flow | -1.53M | -176.83K | -4.71M | 2.31M | 5.51M | -4.68M |
| Financing Cash Flow | 8.04M | 4.18M | 9.70M | -430.48K | -156.69K | 20.59M |
Envirotech Vehicles Technical Analysis
Positive
2.51
Price Trends
1.88
Positive
1.78
Positive
1.64
Positive
Market Momentum
0.01
Negative
57.47
Neutral
78.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVTV, the sentiment is Positive. The current price of 2.51 is above the 20-day moving average (MA) of 1.65, above the 50-day MA of 1.88, and above the 200-day MA of 1.64, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 57.47 is Neutral, neither overbought nor oversold. The STOCH value of 78.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EVTV.
Envirotech Vehicles Risk Analysis
Envirotech Vehicles disclosed 53 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
50 Neutral | $25.09M | -0.58 | 1245.96% | ― | 360.39% | 28.58% | |
45 Neutral | $28.87M | ― | -204.85% | ― | 320.74% | 94.41% | |
44 Neutral | $108.51M | -1.12 | -105.10% | ― | -36.52% | 99.81% | |
43 Neutral | $1.22M | ― | 308.19% | ― | ― | ― | |
43 Neutral | $8.04M | -0.04 | -30.79% | ― | -42.93% | >-0.01% |
* Consumer Cyclical Sector Average
EVTV
Envirotech Vehicles
1.94
0.04
2.11%
BINI
Bollinger Innovations
0.07
-7,349.93
-100.00%
WKHS
Workhorse Group
2.65
-31.07
-92.14%
CENN
Cenntro Electric Group
3.26
-38.09
-92.12%
EMPD
Empery Digital
3.86
-3.88
-50.13%
Envirotech Vehicles Corporate Events
Business Operations and StrategyExecutive/Board ChangesDelistings and Listing ChangesM&A TransactionsRegulatory Filings and Compliance
Envirotech Vehicles Rebrands as Azio AI Infrastructure Platform
Positive
Jul 10, 2026
Envirotech Vehicles, Inc., a Nasdaq‑listed technology infrastructure firm transitioning to the name Azio AI Holdings, Inc., focuses on AI data centers, enterprise GPU compute, digital power solutions, and digital asset mining, with a growing...
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Envirotech Vehicles Completes Azio AI-Focused Merger Shift
Positive
Jul 7, 2026
Envirotech Vehicles, Inc. has closed its amended and restated merger with Azio AI Corporation on July 2, 2026, announcing the completion on July 7, 2026, in a deal structured to allow immediate closing and faster integration. The transaction shift...
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsPrivate Placements and FinancingRegulatory Filings and Compliance
Envirotech Vehicles Completes Azio AI Merger, Overhauls Leadership
Neutral
Jul 6, 2026
On July 2, 2026, Envirotech Vehicles completed an amended and restated merger with Azio AI Corporation, structuring the deal as a tax-efficient reorganization and making Azio AI a wholly owned subsidiary through a two-step merger into EVTV’s...
Business Operations and StrategyExecutive/Board ChangesDelistings and Listing ChangesM&A TransactionsRegulatory Filings and Compliance
Envirotech Vehicles to Merge and Rebrand as Azio AI
Positive
May 20, 2026
Envirotech Vehicles, Inc., a technology-focused platform undergoing strategic transformation, has agreed to merge its wholly owned Merger Sub with Azio AI Corporation, turning Azio AI into a wholly owned subsidiary and issuing 100 million EVTV sha...
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.