The 36-month beta value for ENOV is also noteworthy at 1.81. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ENOV is 53.96M, and at present, short sellers hold a 7.72% of that float. The average trading volume of ENOV on May 02, 2024 was 443.21K shares.
ENOV) stock’s latest price update
The stock of Enovis Corp (NYSE: ENOV) has decreased by -6.71 when compared to last closing price of 55.40.Despite this, the company has seen a loss of -6.21% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-02 that Enovis (ENOV) came out with quarterly earnings of $0.50 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.44 per share a year ago.
ENOV’s Market Performance
Enovis Corp (ENOV) has experienced a -6.21% fall in stock performance for the past week, with a -12.91% drop in the past month, and a -13.30% drop in the past quarter. The volatility ratio for the week is 2.03%, and the volatility levels for the past 30 days are at 2.42% for ENOV. The simple moving average for the past 20 days is -9.92% for ENOV’s stock, with a -7.28% simple moving average for the past 200 days.
Analysts’ Opinion of ENOV
Many brokerage firms have already submitted their reports for ENOV stocks, with Stephens repeating the rating for ENOV by listing it as a “Overweight.” The predicted price for ENOV in the upcoming period, according to Stephens is $72 based on the research report published on February 13, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see ENOV reach a price target of $75. The rating they have provided for ENOV stocks is “Buy” according to the report published on January 22nd, 2024.
ENOV Trading at -13.26% from the 50-Day Moving Average
After a stumble in the market that brought ENOV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.86% of loss for the given period.
Volatility was left at 2.42%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares sank -13.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.60% lower at present.
During the last 5 trading sessions, ENOV fell by -6.59%, which changed the moving average for the period of 200-days by -21.14% in comparison to the 20-day moving average, which settled at $56.96. In addition, Enovis Corp saw -7.75% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ENOV starting from KLECKNER JOHN, who sale 174 shares at the price of $59.18 back on Aug 07 ’23. After this action, KLECKNER JOHN now owns 4,218 shares of Enovis Corp, valued at $10,297 using the latest closing price.
KLECKNER JOHN, the Principal Accounting Officer of Enovis Corp, sale 67 shares at $65.32 during a trade that took place back on Jul 20 ’23, which means that KLECKNER JOHN is holding 4,392 shares at $4,376 based on the most recent closing price.
Stock Fundamentals for ENOV
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.58 for the gross margin
The net margin for Enovis Corp stands at -0.05. The total capital return value is set at -0.02. Equity return is now at value -1.58, with -1.24 for asset returns.
Based on Enovis Corp (ENOV), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is -3.3.
Currently, EBITDA for the company is 194.39 million with net debt to EBITDA at 43.15. When we switch over and look at the enterprise to sales, we see a ratio of 2.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.43.
Conclusion
In summary, Enovis Corp (ENOV) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
