Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $37.18 in the prior trading day, Enovis Corp (NYSE: ENOV) closed at $36.98, down -0.54%. In other words, the price has decreased by -$0.54 from its previous closing price. On the day, 1.32 million shares were traded. ENOV stock price reached its highest trading level at $37.025 during the session, while it also had its lowest trading level at $34.44.
Ratios:
Our goal is to gain a better understanding of ENOV by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.13 and its Current Ratio is at 2.17. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.53.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, JMP Securities on October 03, 2024, initiated with a Mkt Outperform rating and assigned the stock a target price of $62.
On June 13, 2024, JP Morgan started tracking the stock assigning a Neutral rating and target price of $53.
On February 13, 2024, Stephens started tracking the stock assigning a Overweight rating and target price of $72.Stephens initiated its Overweight rating on February 13, 2024, with a $72 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ENOV now has a Market Capitalization of 2106506496 and an Enterprise Value of 3476101632. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.00 while its Price-to-Book (P/B) ratio in mrq is 0.81. Its current Enterprise Value per Revenue stands at 1.649 whereas that against EBITDA is 10.254.
Stock Price History:
The Beta on a monthly basis for ENOV is 1.58, which has changed by -0.38067323 over the last 52 weeks, in comparison to a change of 0.101756096 over the same period for the S&P500. Over the past 52 weeks, ENOV has reached a high of $62.79, while it has fallen to a 52-week low of $35.14. The 50-Day Moving Average of the stock is -10.96%, while the 200-Day Moving Average is calculated to be -15.29%.
Shares Statistics:
The stock has traded on average 972.28K shares per day over the past 3-months and 699450 shares per day over the last 10 days, according to various share statistics. A total of 56.96M shares are outstanding, with a floating share count of 55.97M. Insiders hold about 1.75% of the company’s shares, while institutions hold 110.98% stake in the company. Shares short for ENOV as of 1741910400 were 5247735 with a Short Ratio of 5.40, compared to 1739491200 on 5348986. Therefore, it implies a Short% of Shares Outstanding of 5247735 and a Short% of Float of 10.5100006.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
