EVC Stock Surges 5% Amid Strong Buy Ratings and Earnings Performance

Author's Avatar
Nov 05, 2024
Article's Main Image

Shares of Entravision Communications (EVC, Financial) experienced significant volatility, surging by 5%. The stock is currently priced at $2.42 per share, with a trading volume of 392,692 shares and a turnover rate of 0.44%. The stock's amplitude recorded a 4.78% change.

Recent financial reports reveal that EVC generated a revenue of $82.65 million and a net profit of $3.73 million. The earnings per share stand at $0.15, with a gross profit of $22.05 million, while the price-to-earnings ratio is noted at -2.22.

From an investment perspective, the company enjoys favorable ratings, with 100% of the analysts recommending a buy. No hold or sell recommendations have been issued by any participating institution.

Within the advertising and marketing sector, which saw an overall increase of 0.86%, EVC, along with Cardlytics, Inc. and Quinstreet, Inc., showed notable gains. Other active stocks include Qmmm Holdings Limited and Vs Media Holdings Limited, with notable turnover rates of 11.81% and 5.65%, respectively. The stocks with high variability, including Stran & Co Inc and Advantage Solutions Inc, recorded amplitudes as high as 66.41% and 28.40%.

Entravision Communications specializes in global advertising solutions as a media and technology company. Its offerings span integrated marketing and media solutions, which include television, radio, digital assets, and data analytics services. The company operates across Europe, Latin America, Asia, the United States, and Africa, with its television and audio broadcasting targeting Hispanic populations in the U.S.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.