Enovis Corporation (NYSE: ENOV) has reported a loss for its second fiscal quarter (ending June 30) of $-0.34 versus a loss $-0.27 for the same period a year ago. This result fell short of the consensus estimate of $0.59 by $-0.93. For the latest four quarters through June 30, E.P.S. were $-1.96 versus $-2.93 for the same period a year ago.
Recent Price Action
Enovis Corporation (NYSE: ENOV) stock closed at $40.57 on 8/7/24 after a decline of -3.4%. Moreover, this decline was accompanied by exceptionally high trading volume at 261% of normal. The stock has declined -15.4% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
ENOV is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Enovis has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Enovis has a neutral Appreciation Score of 59 but a poor Power Rating of 27, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment