Enviri Corp (NVRI) stock hits $8.30: Is it a good time to buy or wait for a dip?

At the time of writing, Enviri Corp [NVRI] stock is trading at $8.30, up 6.41%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NVRI shares have gain 17.56% over the last week, with a monthly amount drifted -0.12%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Enviri Corp [NYSE: NVRI] stock has seen the most recent analyst activity on July 12, 2022, when BMO Capital Markets initiated its Market Perform rating and assigned the stock a price target of $7. Previously, DA Davidson started tracking the stock with Buy rating on March 30, 2022, and set its price target to $18. On November 08, 2021, downgrade downgraded it’s rating to Hold. Argus upgraded its rating to a Buy but stick to its price target of $26 on May 07, 2021. Barrington Research reiterated its recommendation of a Outperform and raised its price target to $26 on May 05, 2021. Argus downgraded its rating to Hold for this stock on November 23, 2020. In a note dated August 06, 2020, KeyBanc Capital Markets downgraded an Sector Weight rating on this stock.

For the past year, the stock price of Enviri Corp fluctuated between $5.64 and $10.01. Currently, Wall Street analysts expect the stock to reach $11.5 within the next 12 months. Enviri Corp [NYSE: NVRI] shares were valued at $8.30 at the most recent close of the market. An investor can expect a potential return of 38.55% based on the average NVRI price forecast.

Analyzing the NVRI fundamentals

According to Enviri Corp [NYSE:NVRI], the company’s sales were 2.17B for trailing twelve months, which represents an 21.12% jump. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.17 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.98.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.96 points at the first support level, and at 7.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.47, and for the 2nd resistance point, it is at 8.64.

Ratios To Look Out For

It is important to note that Enviri Corp [NYSE:NVRI] has a current ratio of 1.36. In addition, the Quick Ratio stands at 1.03 and the Cash Ratio stands at 0.19. Considering the valuation of this stock, the price to sales ratio is 0.31, the price to book ratio is 1.33.

Transactions by insiders

Recent insider trading involved GRASBERGER F NICHOLAS III, Chairman, President and CEO, that happened on May 06 ’24 when 25000.0 shares were purchased. Interim SVP and CFO, Minan Peter Francis completed a deal on Aug 09 ’23 to buy 3667.0 shares.

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