Maxim Group Reiterates “$9.00” Price Target for Envision Solar International (NASDAQ:EVSI)

Envision Solar International (NASDAQ:EVSI) has been given a $9.00 target price by analysts at Maxim Group in a report released on Friday, TipRanks reports. The firm currently has a “buy” rating on the stock. Maxim Group’s target price suggests a potential upside of 57.90% from the stock’s previous close.

Separately, ValuEngine lowered Envision Solar International from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 22nd.

EVSI stock remained flat at $$5.70 during mid-day trading on Friday. The company’s stock had a trading volume of 7,672 shares, compared to its average volume of 15,190. The company has a quick ratio of 3.33, a current ratio of 3.98 and a debt-to-equity ratio of 0.03. Envision Solar International has a 1-year low of $4.52 and a 1-year high of $12.40. The stock’s 50-day moving average price is $5.41.

Envision Solar International (NASDAQ:EVSI) last posted its earnings results on Wednesday, August 14th. The company reported ($0.21) earnings per share for the quarter. The business had revenue of $1.64 million during the quarter.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bard Associates Inc. purchased a new position in shares of Envision Solar International during the second quarter worth about $1,308,000. Lido Advisors LLC purchased a new position in shares of Envision Solar International during the second quarter worth about $529,000. Finally, Cannell Peter B & Co. Inc. purchased a new position in shares of Envision Solar International during the second quarter worth about $99,000. 13.06% of the stock is owned by institutional investors.

About Envision Solar International

Envision Solar International, Inc, together with its subsidiary, invents, designs, engineers, manufactures, and sells solar powered products and proprietary technology solutions in the United States and internationally. The company focuses on creating renewably energized products for electric vehicle and drone charging, outdoor media and branding, and energy security.

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