Enovis Corp [ENOV] stock is trading at $28.11, down -1.16%. 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 5.56% over the last week, with a monthly amount drifted -17.40%, and not seem to be holding up well over a long-time horizon.
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.
Enovis Corp [ENOV] stock has fluctuated between $25.47 and $49.83 over the past year. Currently, Wall Street analysts expect the stock to reach $64.5 within the next 12 months. Enovis Corp [NYSE: ENOV] shares were valued at $28.11 at the most recent close of the market. An investor can expect a potential return of 129.46% based on the average ENOV price forecast.
Analyzing the ENOV fundamentals
Enovis Corp [NYSE:ENOV] reported sales of 2.19B for the trailing twelve months, which represents a growth of 7.50%. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at -0.51%, Pretax Profit Margin comes in at -0.52%, and Net Profit Margin reading is -0.52%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is -0.33 and Total Capital is -0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 27.73 points at the first support level, and at 27.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.84, and for the 2nd resistance point, it is at 29.56.
Ratios To Look Out For
For context, Enovis Corp’s Current Ratio is 2.25. Also, the Quick Ratio is 1.15, while the Cash Ratio stands at 0.08. Considering the valuation of this stock, the price to sales ratio is 0.73, the price to book ratio is 0.62.
