Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $28.11 in the prior trading day, Enovis Corp (NYSE: ENOV) closed at $28.75, up 2.28%. In other words, the price has increased by $2.28 from its previous closing price. On the day, 1.06 million shares were traded. ENOV stock price reached its highest trading level at $29.67 during the session, while it also had its lowest trading level at $28.29.
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 1.15 and its Current Ratio is at 2.25. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.55.
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 1643344256 and an Enterprise Value of 3066815232. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.75 while its Price-to-Book (P/B) ratio in mrq is 0.64. Its current Enterprise Value per Revenue stands at 1.401 whereas that against EBITDA is 8.454.
Stock Price History:
The Beta on a monthly basis for ENOV is 1.47, which has changed by -0.33170617 over the last 52 weeks, in comparison to a change of 0.18157876 over the same period for the S&P500. Over the past 52 weeks, ENOV has reached a high of $49.83, while it has fallen to a 52-week low of $25.47. The 50-Day Moving Average of the stock is -5.41%, while the 200-Day Moving Average is calculated to be -24.85%.
Shares Statistics:
The stock has traded on average 1.45M shares per day over the past 3-months and 1340320 shares per day over the last 10 days, according to various share statistics. A total of 57.16M shares are outstanding, with a floating share count of 55.94M. Insiders hold about 2.13% of the company’s shares, while institutions hold 103.56% stake in the company. Shares short for ENOV as of 1753920000 were 6878051 with a Short Ratio of 4.74, compared to 1751241600 on 7925819. Therefore, it implies a Short% of Shares Outstanding of 6878051 and a Short% of Float of 18.090001.
Earnings Estimates
Currently, 11.0 analysts are dedicated to thoroughly evaluating and rating the performance of Enovis Corp (ENOV) in the stock market.The consensus estimate for the next quarter is $0.86, with high estimates of $0.88 and low estimates of $0.8.
Analysts are recommending an EPS of between $3.18 and $3.08 for the fiscal current year, implying an average EPS of $3.13. EPS for the following year is $3.48, with 11.0 analysts recommending between $3.77 and $3.28.
Revenue Estimates
11 analysts predict $538.51M in revenue for the current quarter. It ranges from a high estimate of $546.8M to a low estimate of $533.44M. As of the current estimate, Enovis Corp’s year-ago sales were $505.22MFor the next quarter, 11 analysts are estimating revenue of $593.31M. There is a high estimate of $598.9M for the next quarter, whereas the lowest estimate is $585M.
A total of 11 analysts have provided revenue estimates for ENOV’s current fiscal year. The highest revenue estimate was $2.27B, while the lowest revenue estimate was $2.25B, resulting in an average revenue estimate of $2.26B. In the same quarter a year ago, actual revenue was $2.11BBased on 11 analysts’ estimates, the company’s revenue will be $2.4B in the next fiscal year. The high estimate is $2.43B and the low estimate is $2.38B.
