Let’s look at the key reasons that are pushing Entravision Communications Corp (EVC) to new highs

On Tuesday, Entravision Communications Corp (NYSE: EVC) opened lower -1.65% from the last session, before settling in for the closing price of $2.42. Price fluctuations for EVC have ranged from $1.33 to $4.41 over the past 52 weeks.

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During the last 5-year period, the sales growth of Communication Services Sector giant was 36.02%. With a float of $61.09 million, this company’s outstanding shares have now reached $80.63 million.

Let’s determine the extent of company efficiency that accounts for 1657 employees. In terms of profitability, gross margin is 16.66%, operating margin of 0.01%, and the pretax margin is -10.55%.

Entravision Communications Corp (EVC) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Advertising Agencies industry is another important factor to consider. The insider ownership of Entravision Communications Corp is 32.11%, while institutional ownership is 52.81%. The most recent insider transaction that took place on Mar 15 ’24, was worth 6,799. In this transaction Chief Revenue Officer of this company bought 5,000 shares at a rate of $1.36, taking the stock ownership to the 633,914 shares. Before that another transaction happened on Mar 07 ’24, when Company’s Chief Executive Officer bought 100,000 for $1.67, making the entire transaction worth $167,250. This insider now owns 1,402,170 shares in total.

Entravision Communications Corp (EVC) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

Entravision Communications Corp (NYSE: EVC) Trading Performance Indicators

Check out the current performance indicators for Entravision Communications Corp (EVC). In the past quarter, the stock posted a quick ratio of 2.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.28. Likewise, its price to free cash flow for the trailing twelve months is 4.08.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.74

Technical Analysis of Entravision Communications Corp (EVC)

Looking closely at Entravision Communications Corp (NYSE: EVC), its last 5-days average volume was 0.79 million, which is a jump from its year-to-date volume of 0.56 million. As of the previous 9 days, the stock’s Stochastic %D was 18.82%. Additionally, its Average True Range was 0.14.

During the past 100 days, Entravision Communications Corp’s (EVC) raw stochastic average was set at 65.01%, which indicates a significant increase from 9.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 47.54% in the past 14 days, which was lower than the 48.40% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.39, while its 200-day Moving Average is $2.09. However, in the short run, Entravision Communications Corp’s stock first resistance to watch stands at $2.45. Second resistance stands at $2.51. The third major resistance level sits at $2.56. If the price goes on to break the first support level at $2.33, it is likely to go to the next support level at $2.28. Now, if the price goes above the second support level, the third support stands at $2.22.

Entravision Communications Corp (NYSE: EVC) Key Stats

There are currently 89,987K shares outstanding in the company with a market cap of 214.17 million. Presently, the company’s annual sales total 1,107 M according to its annual income of -15,440 K. Last quarter, the company’s sales amounted to 97,160 K and its income totaled -11,980 K.