Trading Day Review: Enovis Corp (ENOV) Gains Momentum, Closing at 41.06

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The price of Enovis Corp (NYSE: ENOV) closed at $41.06 in the last session, up 0.69% from day before closing price of $40.78. In other words, the price has increased by $0.69 from its previous closing price. On the day, 0.67 million shares were traded. ENOV stock price reached its highest trading level at $41.37 during the session, while it also had its lowest trading level at $40.55.

Ratios:

We take a closer look at ENOV’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 2.26. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.42.

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 2293221632 and an Enterprise Value of 3677946624. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.20 while its Price-to-Book (P/B) ratio in mrq is 0.69. Its current Enterprise Value per Revenue stands at 1.922 whereas that against EBITDA is 15.093.

Stock Price History:

Over the past 52 weeks, ENOV has reached a high of $65.03, while it has fallen to a 52-week low of $38.27. The 50-Day Moving Average of the stock is -4.33%, while the 200-Day Moving Average is calculated to be -19.78%.

Shares Statistics:

According to the various share statistics, ENOV traded on average about 643.68K shares per day over the past 3-months and 649020 shares per day over the past 10 days. A total of 55.85M shares are outstanding, with a floating share count of 55.15M. Insiders hold about 1.26% of the company’s shares, while institutions hold 109.04% stake in the company. Shares short for ENOV as of 1727654400 were 4422351 with a Short Ratio of 6.87, compared to 1724976000 on 4061406. Therefore, it implies a Short% of Shares Outstanding of 4422351 and a Short% of Float of 9.060001.

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