Price Action Don’t Lie: Is EVINE Live Inc a Sell? The Stock Declines Again

Price Action Don't Lie: Is EVINE Live Inc a Sell? The Stock Declines Again

The stock of EVINE Live Inc (NASDAQ:EVLV) is a huge mover today! The stock decreased 3.49% or $0.08 on October 3, hitting $2.21. About 106,647 shares traded hands. EVINE Live Inc (NASDAQ:EVLV) has risen 316.98% since March 1, 2016 and is uptrending. It has outperformed by 304.77% the S&P500.
The move comes after 7 months negative chart setup for the $130.71 million company. It was reported on Oct, 4 by Barchart.com. We have $1.90 PT which if reached, will make NASDAQ:EVLV worth $18.30 million less.

EVINE Live Inc (NASDAQ:EVLV) Ratings Coverage

Out of 3 analysts covering EVINE Live (NASDAQ:EVLV), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. EVINE Live has been the topic of 6 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The stock of EVINE Live Inc (NASDAQ:EVLV) has “Overweight” rating given on Thursday, August 27 by Piper Jaffray. The rating was initiated by Maxim Group on Thursday, June 9 with “Buy”. The firm has “Buy” rating by Brean Capital given on Thursday, August 27. The rating was maintained by Brean Capital on Wednesday, September 2 with “Buy”. The firm earned “Hold” rating on Thursday, August 27 by Zacks.

According to Zacks Investment Research, “EVINE Live Inc. is a digital commerce company. It markets, sells, and distributes products to consumers through ShopHQ, a 24-hour television shopping network; and ShopHQ.com, an e-commerce platform, as well as through the company’s mobile application. The Company is focused on new products and brands in fashion, beauty, jewelry, home and fitness. EVINE Live Inc., formerly known as ValueVision Media, Inc., and is headquartered in Eden Prairie, Minnesota.”

More notable recent EVINE Live Inc (NASDAQ:EVLV) news were published by: Startribune.com which released: “Interim CEO of Evine Live vows to review merchandise mix” on February 10, 2016, also Startribune.com with their article: “Evine Live execs reiterate plan for lower profit margins, investors sell shares” published on November 24, 2015, Globenewswire.com published: “Evine Live Inc. to Participate at Upcoming Conferences in September” on September 06, 2016. More interesting news about EVINE Live Inc (NASDAQ:EVLV) were released by: Startribune.com and their article: “As a rocky year ends, Evine Live makes money and cuts costs, including 45 jobs” published on March 23, 2016 as well as Tcbmag.com‘s news article titled: “EVINE Live Pays $1.2M Severance To Former CEO” with publication date: February 26, 2016.

EVLV Company Profile

EVINE Live Inc., incorporated on June 25, 1990, is a digital commerce company. The Firm operates through the digital commerce retailing segment. The Firm offers a mix of brands directly to clients in an engaging and informative shopping experience through television (TV), online and mobile devices. The Firm 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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