Envirotech Vehicles Stock Operating Margin
| EVTV Stock | USD 1.38 0.03 2.13% |
Envirotech Vehicles fundamentals help investors to digest information that contributes to Envirotech Vehicles' financial success or failures. It also enables traders to predict the movement of Envirotech Stock. The fundamental analysis module provides a way to measure Envirotech Vehicles' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Envirotech Vehicles stock.
| Last Reported | Projected for Next Year | ||
| Operating Profit Margin | (2.66) | (2.79) |
Envirotech | Operating Margin |
Envirotech Vehicles Company Operating Margin Analysis
Envirotech Vehicles' Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Current Envirotech Vehicles Operating Margin | (3.65) % |
Most of Envirotech Vehicles' fundamental indicators, such as Operating Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Envirotech Vehicles is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Envirotech Operating Margin Driver Correlations
Understanding the fundamental principles of building solid financial models for Envirotech Vehicles is extremely important. It helps to project a fair market value of Envirotech Stock properly, considering its historical fundamentals such as Operating Margin. Since Envirotech Vehicles' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Envirotech Vehicles' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Envirotech Vehicles' interrelated accounts and indicators.
Click cells to compare fundamentals
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
| Competition |
Envirotech Pretax Profit Margin
Pretax Profit Margin |
|
Based on the recorded statements, Envirotech Vehicles has an Operating Margin of -3.6475%. This is 156.99% lower than that of the Automobile Components sector and 221.18% lower than that of the Consumer Discretionary industry. The operating margin for all United States stocks is 33.8% lower than that of the firm.
Envirotech Operating Margin Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Envirotech Vehicles' direct or indirect competition against its Operating Margin to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Envirotech Vehicles could also be used in its relative valuation, which is a method of valuing Envirotech Vehicles by comparing valuation metrics of similar companies.Envirotech Vehicles is currently under evaluation in operating margin category among its peers.
Envirotech Fundamentals
| Return On Equity | -0.62 | ||||
| Return On Asset | -0.19 | ||||
| Operating Margin | (3.65) % | ||||
| Current Valuation | 22.91 M | ||||
| Shares Outstanding | 16.2 M | ||||
| Shares Owned By Insiders | 16.03 % | ||||
| Shares Owned By Institutions | 5.70 % | ||||
| Number Of Shares Shorted | 157.9 K | ||||
| Price To Book | 1.73 X | ||||
| Price To Sales | 12.47 X | ||||
| Revenue | 4.5 M | ||||
| Gross Profit | 1.73 M | ||||
| EBITDA | 30.44 M | ||||
| Net Income | (43.8 M) | ||||
| Cash And Equivalents | 4.6 M | ||||
| Cash Per Share | 0.31 X | ||||
| Total Debt | 232.44 K | ||||
| Current Ratio | 16.08 X | ||||
| Book Value Per Share | 1.19 X | ||||
| Cash Flow From Operations | (7.43 M) | ||||
| Short Ratio | 13.17 X | ||||
| Earnings Per Share | (0.98) X | ||||
| Target Price | 0.7 | ||||
| Number Of Employees | 14 | ||||
| Beta | 0.71 | ||||
| Market Capitalization | 22.35 M | ||||
| Total Asset | 33.48 M | ||||
| Retained Earnings | (51.93 M) | ||||
| Working Capital | 10.28 M | ||||
| Net Asset | 33.48 M |
About Envirotech Vehicles Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Envirotech Vehicles's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Envirotech Vehicles using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Envirotech Vehicles based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Envirotech Vehicles
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Envirotech Vehicles position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Envirotech Vehicles will appreciate offsetting losses from the drop in the long position's value.Moving together with Envirotech Stock
| 0.69 | ADNT | Adient PLC Fiscal Year End 13th of November 2024 | PairCorr |
| 0.76 | LKQ | LKQ Corporation | PairCorr |
| 0.68 | MCD | McDonalds Financial Report 25th of July 2024 | PairCorr |
Moving against Envirotech Stock
| 0.58 | GE | GE Aerospace Financial Report 23rd of July 2024 | PairCorr |
| 0.57 | T | ATT Inc Earnings Call Today | PairCorr |
The ability to find closely correlated positions to Envirotech Vehicles could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envirotech Vehicles when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Envirotech Vehicles - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Envirotech Vehicles to buy it.
The correlation of Envirotech Vehicles is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Envirotech Vehicles moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envirotech Vehicles moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Envirotech Vehicles can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Envirotech Stock Analysis
When running Envirotech Vehicles' price analysis, check to measure Envirotech Vehicles' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Envirotech Vehicles is operating at the current time. Most of Envirotech Vehicles' value examination focuses on studying past and present price action to predict the probability of Envirotech Vehicles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Envirotech Vehicles' price. Additionally, you may evaluate how the addition of Envirotech Vehicles to your portfolios can decrease your overall portfolio volatility.