Paranovus Entertainment Technology (PAVS) AI Stock Analysis

• Market Cap: $59.21M
• Dividend Yield: N/A
• Average Volume (3M): 9.78K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.40
• Revenue Growth: -93.33%
• EPS Growth: N/A
• Country: US
• Employees: 11
• Sector: Healthcare
• Sector Strength: 58
• Industry: Packaged Foods
• EPS (TTM): -2.57
• Shares Outstanding: 66,724,680
• 10 Day Avg. Volume: 4,795
• 30 Day Avg. Volume: 9,781
• PEG Ratio: <0.01
• Price to Book (P/B): 1.97
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.38
• Enterprise Value/Market Cap: 0.47
• Enterprise Value/Revenue: 0.28
• Enterprise Value/Gross Profit: 2.38K
• Enterprise Value/Ebitda: -0.95
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 43 Neutral
• Price Target: ―

The overall stock score of Paranovus Entertainment Technology reflects significant financial challenges, with declining revenues and negative cash flows being the primary concerns. While there is some technical upward momentum, the overbought RSI suggests caution. Valuation remains unattractive due to negative earnings and lack of dividend yield. Limited information from the earnings call provides little additional insight into future prospects.

Paranovus Entertainment Technology Business Overview & Revenue Model

Company Description

Paranovus Entertainment Technology Ltd. engages in the research, development, manufacture, and sale of nutraceutical and dietary supplement products in the People's Republic of China and internationally. The company's product category includes lucidum spore powders, cordyceps mycelia, Ejiao products, American ginseng products, other traditional Chinese herbal and animal extracts, vitamins, minerals, and amino acids. It also offers product marketing and e-commerce agency operation services under the Happy Buy platform to small and middle size businesses; and e-commerce solutions, internet information, and advertising services to the online stores or manufactures. In addition, the company provides secure transaction environment, automobile procurement, and financial services for automobile manufacturers under the Taochejun automobile sales platform. It sells its products through distributors, large-scale chain drugstores, malls, and supermarkets under the Happiness brand. The company was formerly known as Happiness Development Group Limited and changed its name to Paranovus Entertainment Technology Ltd. in March 2023. Paranovus Entertainment Technology Ltd. was founded in 2004 and is headquartered in Nanping, the People's Republic of China.

How the Company Makes Money

Paranovus Entertainment Technology generates revenue through multiple streams, primarily centered around the licensing and distribution of its entertainment content and technologies. The company may also engage in partnerships with other entertainment and technology firms to expand its reach and enhance its offerings. Additionally, Paranovus could earn money through direct sales of its products, subscription services, and advertising revenue on its platforms, although specific details about these revenue streams are not available.

Paranovus Entertainment Technology Financial Statement Overview

Summary

Paranovus Entertainment Technology faces significant financial challenges. The income statement reveals a steep revenue decline and persistent losses. The balance sheet shows a decrease in equity and moderate leverage, while the cash flow statement indicates negative cash flows, suggesting liquidity concerns. The company needs to address revenue generation and operational efficiency to improve its financial position.

Income Statement

Paranovus Entertainment Technology has shown a significant decline in revenue in the latest year, with revenue dropping from $98.15M to $6.54M. The net profit margin has been negative, indicating substantial losses. Gross profit margin is very low at 0.14%, and both EBIT and EBITDA margins are negative, suggesting ongoing operational challenges.

Balance Sheet

The debt-to-equity ratio stands at 0.41, indicating moderate leverage. Stockholders' equity has decreased significantly, leading to a lower equity ratio of 72.22%. The return on equity is negative due to substantial net losses, highlighting financial strain.

Cash Flow

The company has a negative free cash flow, which has deteriorated further compared to the previous year, and the operating cash flow is also negative. The ratio of operating cash flow to net income is less meaningful due to both being negative, indicating cash flow issues.

Breakdown
Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
6.54M	98.15M	89.49M	71.48M	65.06M
	Gross Profit
9.14K	5.05M	3.71M	18.18M	30.42M
	EBIT
-4.62M	-68.39M	-57.89M	1.53M	15.40M
	EBITDA
-3.37M	-4.47M	-11.13M	2.41M	16.30M
	Net Income Common Stockholders
-10.13M	-71.74M	-49.19M	786.36K	12.69M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
944.24K	3.36M	19.73M	36.56M	33.65M
	Total Assets
7.73M	36.34M	97.43M	112.74M	85.10M
	Total Debt
2.29M	2.24M	2.27M	2.24M	2.03M
	Net Debt
1.34M	-1.11M	-17.47M	-34.32M	-31.62M
	Total Liabilities
2.56M	22.47M	20.01M	15.11M	5.51M
	Stockholders Equity
5.58M	14.76M	78.13M	94.75M	79.59M
Cash Flow		Free Cash Flow
-11.88M	-21.14M	-30.54M	-930.11K	9.62M
	Operating Cash Flow
-11.88M	-21.09M	-28.13M	2.90M	10.78M
	Investing Cash Flow
11.70M	89.32K	-8.48M	-13.22M	-1.16M
	Financing Cash Flow
0.00	3.15M	18.83M	10.67M	10.40M

Paranovus Entertainment Technology Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.88
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PAVS, the sentiment is Negative. The current price of 0.88 is below the 20-day moving average (MA) of 0.96, below the 50-day MA of 1.14, and below the 200-day MA of 1.11, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 37.78 is Neutral, neither overbought nor oversold. The STOCH value of 56.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PAVS.

Paranovus Entertainment Technology Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FTLF	72 Outperform	$131.48M	15.43	25.89%	―	9.14%	18.87%
Sector *	54 Neutral	$5.37B	3.26	-45.10%	3.30%	16.81%	0.02%
LSF	49 Neutral	$66.48M	―	-7.38%	―	25.04%	87.51%
NAII	45 Neutral	$21.13M	―	-10.25%	―	-1.16%	-146.23%
PAVS	43 Neutral	$59.21M	―	-71.88%	―	-93.33%	―
ATPC		$83.51M	―	-17.75%	―	―	―
BRLS	31 Underperform	$107.76M	―	-370.71%	―	―	-163.87%