At the time of writing, Enovis Corp [ENOV] stock is trading at $46.17, up 3.10%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ENOV shares have gain 1.32% over the last week, with a monthly amount glided 17.33%, and 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 October 03, 2024, when JMP Securities initiated its Mkt Outperform rating and assigned the stock a price target of $62. Previously, JP Morgan started tracking the stock with Neutral rating on June 13, 2024, and set its price target to $53. On February 13, 2024, Stephens initiated with a Overweight rating and assigned a price target of $72 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $75 on January 22, 2024. William Blair initiated its recommendation with a Outperform. Needham reiterated a Buy rating for this stock on December 15, 2023, and upped its price target to $70. In a note dated October 20, 2023, ROTH MKM initiated an Buy rating and provided a target price of $75 on this stock.
For the past year, the stock price of Enovis Corp fluctuated between $38.27 and $65.03. Currently, Wall Street analysts expect the stock to reach $64.5 within the next 12 months. Enovis Corp [NYSE: ENOV] shares were valued at $46.17 at the most recent close of the market. An investor can expect a potential return of 39.7% based on the average ENOV price forecast.
Analyzing the ENOV fundamentals
According to Enovis Corp [NYSE:ENOV], the company’s sales were 2.00B for trailing twelve months, which represents an 21.00% jump. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.04 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.4.
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 45.18 points at the first support level, and at 44.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.77, and for the 2nd resistance point, it is at 47.37.
Ratios To Look Out For
It is important to note that Enovis Corp [NYSE:ENOV] has a current ratio of 2.27. Also, the Quick Ratio is 1.12, while the Cash Ratio stands at 0.07. Considering the valuation of this stock, the price to sales ratio is 1.29, the price to book ratio is 0.77.
