Stock Market Recap: Enovis Corp (ENOV) Concludes at 45.16, a -2.57 Surge/Decline

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After finishing at $46.35 in the prior trading day, Enovis Corp (NYSE: ENOV) closed at $45.16, down -2.57%. In other words, the price has decreased by -$2.57 from its previous closing price. On the day, 0.75 million shares were traded. ENOV stock price reached its highest trading level at $45.69 during the session, while it also had its lowest trading level at $45.01.

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 1.03 and its Current Ratio is at 2.10. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.41.

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, Stephens on February 13, 2024, initiated with a Overweight rating and assigned the stock a target price of $72.

On January 22, 2024, UBS started tracking the stock assigning a Buy rating and target price of $75.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 07 ’23 when KLECKNER JOHN sold 174 shares for $59.18 per share. The transaction valued at 10,297 led to the insider holds 4,218 shares of the business.

KLECKNER JOHN sold 67 shares of ENOV for $4,376 on Jul 20 ’23. The Principal Accounting Officer now owns 4,392 shares after completing the transaction at $65.32 per share.

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 2477066752 and an Enterprise Value of 3826145024. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.36 while its Price-to-Book (P/B) ratio in mrq is 0.75. Its current Enterprise Value per Revenue stands at 2.105 whereas that against EBITDA is 16.21.

Stock Price History:

Over the past 52 weeks, ENOV has reached a high of $66.14, while it has fallen to a 52-week low of $43.04. The 50-Day Moving Average of the stock is -16.46%, while the 200-Day Moving Average is calculated to be -17.10%.

Shares Statistics:

The stock has traded on average 496.16K shares per day over the past 3-months and 573250 shares per day over the last 10 days, according to various share statistics. A total of 54.60M shares are outstanding, with a floating share count of 54.15M. Insiders hold about 1.29% of the company’s shares, while institutions hold 107.61% stake in the company. Shares short for ENOV as of 1715731200 were 4919868 with a Short Ratio of 9.92, compared to 1713139200 on 4166384. Therefore, it implies a Short% of Shares Outstanding of 4919868 and a Short% of Float of 10.290000000000001.

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