EVINE Live Inc (NASDAQ:EVLV) saw unusually-strong trading volume on Tuesday . Approximately 1,126,048 shares were traded during trading, an increase of 132% from the previous session’s volume of 485,910 shares.The stock last traded at $0.49 and had previously closed at $0.41.
A number of equities research analysts have recently commented on EVLV shares. Lake Street Capital lowered their price target on shares of EVINE Live to $1.00 and set a “buy” rating for the company in a report on Thursday, November 29th. B. Riley set a $1.00 price target on shares of EVINE Live and gave the stock a “buy” rating in a report on Thursday, November 29th. TheStreet downgraded shares of EVINE Live from a “c-” rating to a “d” rating in a report on Wednesday, November 28th. Zacks Investment Research downgraded shares of EVINE Live from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 30th. Finally, ValuEngine raised shares of EVINE Live from a “sell” rating to a “hold” rating in a research report on Friday, December 21st. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $1.38.
The company has a current ratio of 1.82, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $27.15 million, a PE ratio of -48.00 and a beta of 2.25.
EVINE Live (NASDAQ:EVLV) last released its earnings results on Wednesday, November 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.13). EVINE Live had a negative return on equity of 5.87% and a negative net margin of 0.91%. The company had revenue of $131.71 million during the quarter, compared to analyst estimates of $152.43 million. Research analysts anticipate that EVINE Live Inc will post -0.1 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in shares of EVINE Live by 39.6% in the third quarter. JPMorgan Chase & Co. now owns 270,571 shares of the company’s stock worth $311,000 after acquiring an additional 76,711 shares during the last quarter. Clinton Group Inc. lifted its position in EVINE Live by 4.4% during the third quarter. Clinton Group Inc. now owns 1,067,912 shares of the company’s stock valued at $1,228,000 after buying an additional 45,420 shares in the last quarter. Ancora Advisors LLC lifted its position in EVINE Live by 26.7% during the third quarter. Ancora Advisors LLC now owns 1,152,990 shares of the company’s stock valued at $1,326,000 after buying an additional 243,072 shares in the last quarter. Renaissance Technologies LLC lifted its position in EVINE Live by 5.0% during the second quarter. Renaissance Technologies LLC now owns 1,945,256 shares of the company’s stock valued at $2,393,000 after buying an additional 92,100 shares in the last quarter. Finally, Private Capital Advisors Inc. acquired a new position in EVINE Live during the third quarter valued at approximately $2,795,000. 38.70% of the stock is currently owned by institutional investors and hedge funds.
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About EVINE Live (NASDAQ:EVLV)
EVINE Live Inc operates as a multiplatform interactive digital commerce company in the United States. The company markets, sells, and distributes products to consumers through television, online, mobile, and social media in various merchandise categories, such as jewelry and watches, which include silver, gold, and gemstones to simulated diamonds; home and consumer electronics comprising home décor, bed and bath textiles, cookware, kitchen electrics, tabletop accessories, and home furnishings; beauty products, such as skincare, cosmetics, hair care, and bath and body products; and fashion and accessories, including apparel, outerwear, intimates, handbags, accessories, and footwear.
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