Enovis Corp [ENOV] stock prices are down -0.55% to $43.02 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ENOV shares have gain 6.04% over the last week, with a monthly amount drifted -7.24%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Enovis Corp [NYSE: ENOV] stock has seen the most recent analyst activity on June 13, 2024, when JP Morgan initiated its Neutral rating and assigned the stock a price target of $53. Previously, Stephens started tracking the stock with Overweight rating on February 13, 2024, and set its price target to $72. On January 22, 2024, UBS initiated with a Buy rating and assigned a price target of $75 on the stock. William Blair started tracking the stock assigning a Outperform rating. Needham reiterated its recommendation of a Buy and raised its price target to $70 on December 15, 2023. ROTH MKM started tracking with a Buy rating for this stock on October 20, 2023, and assigned it a price target of $75. In a note dated June 26, 2023, Needham initiated an Buy rating and provided a target price of $70 on this stock.
The stock price of Enovis Corp [ENOV] has been fluctuating between $39.98 and $65.03 over the past year. Currently, Wall Street analysts expect the stock to reach $65.75 within the next 12 months. Enovis Corp [NYSE: ENOV] shares were valued at $43.02 at the most recent close of the market. An investor can expect a potential return of 52.84% based on the average ENOV price forecast.
Analyzing the ENOV fundamentals
The Enovis Corp [NYSE:ENOV] reported sales of 1.91B for trailing twelve months, representing a surge of 22.56%. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.03 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.42.
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 42.52 points at the first support level, and at 42.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.72, and for the 2nd resistance point, it is at 44.42.
Ratios To Look Out For
It’s worth pointing out that Enovis Corp [NYSE:ENOV]’s Current Ratio is 2.26. In addition, the Quick Ratio stands at 1.08 and the Cash Ratio stands at 0.07. Considering the valuation of this stock, the price to sales ratio is 1.26, the price to book ratio is 0.72.
