Evine Live Inc. (NASDAQ:EVLV) reported change of 5.81% to $0.46 with the recent traded volume of 727628 shares in most recent trading session compared to an average volume of 850.67K. The stock was up over last five days period with 3.64%. The one month performance of stock was 19.74%. EVLV [NASD] shares are at -12.16% for the quarter and driving a -59.01% return over the course of the past year and is now at 14.06% since this point in 2018.
The Company has earnings of $ -22.20M and made $6.60 sales for the last 12 months. Its quarter to quarter sales remained -18.20% and sales observed at -1.40% over past 5 years. The stock beta value is 2.27. EVLV [NASD] is -38.89% upward its 200-day moving average. On a similar note, the stock is 5.91% above its 50-day moving average. The average volatility for the week and month was at 9.75% 11.07% respectively. The company holds 65.34M shares outstanding and 52.91M shares are floated in market.
Evine Live Inc. (NASDAQ:EVLV) released results for the first quarter ended May 4, 2019. In addition, the Company announced its new interactive media growth strategy to build shareholder value.
First Quarter 2019 Financial Summary
Net sales of $131.5 million, a 16.0% decrease compared to the prior year
Gross profit margin of 28.4%, a 750 basis point decrease year-over-year
Net loss of $21.0 million, compared to net loss of $3.0 million in the prior year
Adjusted EBITDA of ($8.5) million, compared to $3.3 million in the prior year
EPS of ($0.31) compared to ($0.05) in the prior year
Total liquidity of $34.4 million at quarter end, consisting of unrestricted cash of $28.7 million and $5.7 million of availability on the Company’s revolving credit facility
Executive Commentary – Tim Peterman, CEO since May 2, 2019
“I am excited to rejoin Evine as its new CEO. Although we have only been working as a team again for less than a month, we have already identified the primary causes for Evine’s dramatic financial declines these last few quarters and begun to implement focused remediation actions.
William Wall is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. William is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Earnings News category for our site.
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