EVINE Live (EVLV) Earning Somewhat Positive News Coverage, Report Shows
Press coverage about EVINE Live (NASDAQ:EVLV) has trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. EVINE Live earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the company an impact score of 44.5823415151778 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of EVINE Live (NASDAQ:EVLV) traded down $0.03 during trading hours on Friday, hitting $1.45. The stock had a trading volume of 167,781 shares, compared to its average volume of 331,171. EVINE Live has a 12 month low of $0.89 and a 12 month high of $1.62. The company has a market capitalization of $94.63, a PE ratio of -20.71, a PEG ratio of 72.50 and a beta of 3.39. The company has a current ratio of 1.90, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98.
EVINE Live (NASDAQ:EVLV) last issued its quarterly earnings results on Tuesday, November 21st. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. The business had revenue of $150.20 million during the quarter, compared to analysts’ expectations of $154.80 million. EVINE Live had a negative return on equity of 5.30% and a negative net margin of 0.66%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) earnings per share. analysts forecast that EVINE Live will post 0.01 earnings per share for the current year.
A number of equities research analysts have recently issued reports on EVLV shares. ValuEngine upgraded EVINE Live from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 10th. Zacks Investment Research upgraded EVINE Live from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. B. Riley restated a “buy” rating and set a $2.00 price objective on shares of EVINE Live in a report on Wednesday, November 22nd. Finally, DA Davidson started coverage on EVINE Live in a report on Friday, September 22nd. They set a “buy” rating and a $1.30 price objective for the company. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $1.95.
In related news, Director Mark Holdsworth purchased 75,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was acquired at an average cost of $1.50 per share, for a total transaction of $112,500.00. Following the completion of the purchase, the director now owns 266,092 shares in the company, valued at approximately $399,138. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Rosenblatt purchased 33,400 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was bought at an average price of $1.48 per share, with a total value of $49,432.00. Following the completion of the purchase, the chief executive officer now owns 1,169,284 shares of the company’s stock, valued at approximately $1,730,540.32. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 124,400 shares of company stock valued at $185,372. 4.15% of the stock is currently owned by corporate insiders.
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About EVINE Live
EVINE Live Inc is a digital commerce company. The Company operates through the digital commerce retailing segment. The Company offers a mix of brands directly to consumers in an engaging and informative shopping experience through television (TV), online and mobile devices. It operates an around the clock television shopping network, EVINE Live, which is distributed primarily on cable and satellite systems, through which the Company offers brand products in the categories of jewelry and watches, home and consumer electronics, beauty, and fashion and accessories.
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