Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate EVI Industries Inc before investing.

In this article, we go over a few key elements for understanding EVI Industries Inc’s stock price such as:

• EVI Industries Inc’s current stock price and volume
• Why EVI Industries Inc’s stock price changed recently
• Upgrades and downgrades for EVI from analysts
• EVI’s stock price momentum as measured by its relative strength

About EVI Industries Inc (EVI)

Before we jump into EVI Industries Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

EVI Industries, Inc., through its wholly owned subsidiaries, is a value-added distributor and a provider of advisory and technical services. The Company provides its customers with planning, designing, and consulting services related to their commercial laundry operations. The Company sells and/or leases its customers commercial laundry equipment, specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. In support of the suite of products it offers, the Company sells related parts and accessories. Additionally, through the Company’s robust network of commercial laundry technicians, it provides its customers with installation, maintenance, and repair services. It provides its suite of products and services to the replacement and new construction markets for commercial, industrial, vended, and route laundry applications. Its customers include retail, commercial, industrial, institutional, and government customers.

Want to learn more about EVI Industries Inc’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about EVI Industries Inc.

EVI Industries Inc’s Stock Price as of Market Close

As of August 23, 2024, 4:00 PM, CST, EVI Industries Inc’s stock price was $16.95.

EVI Industries Inc is up 6.94% from its previous closing price of $15.85.

During the last market session, EVI Industries Inc’s stock traded between $15.64 and $16.00. Currently, there are 12.68 million shares of EVI Industries Inc stock available for purchase.

EVI Industries Inc’s price-earnings (P/E) ratio is currently at 43.5, which is high compared to the Industrial Machinery & Equipment industry median of 24.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

EVI Industries Inc Stock Price History

EVI Industries Inc’s (EVI) price is currently down 17.03% so far this month.

During the month of August, EVI Industries Inc’s stock price has reached a high of $21.09 and a low of $14.51.

Over the last year, EVI Industries Inc has hit prices as high as $28.65 and as low as $14.51. Year to date, EVI Industries Inc’s stock is down 28.99%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused EVI Industries Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 22, 2024, there were analysts who downgraded EVI Industries Inc’s stock and analysts who upgraded over the last month.

Additionally, you'll want to evaluate EVI Industries Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on EVI Industries Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

EVI Industries Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about EVI Industries Inc (EVI) by visiting AAII Stock Evaluator.

Relative Price Strength of EVI Industries Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 22, 2024, EVI Industries Inc has a weighted four-quarter relative price strength of -18.16%, which translates to a Momentum Score of 19 and is considered to be Very Weak.

Want to learn more about how EVI Industries Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

EVI Industries Inc Stock Price: Bottom Line

As of August 23, 2024, EVI Industries Inc’s stock price is $16.95, which is up 6.94% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like EVI Industries Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.