Envela Corp (NYSEAMERICAN: ELA) has reported earnings for its second fiscal quarter (ending June 30) of $0.06 versus $0.06 for the same period a year ago — flat performance. E.P.S. were $0.24 for the latest four quarters through June 30 versus $0.49 for the same period a year ago — a decline of -51%.
Recent Price Action
On 8/7/24, Envela Corp (NYSEAMERICAN: ELA) stock declined by -4.3%, closing at $4.45. However, this decline was accompanied by exceptionally low trading volume at 20% of normal. Relative to the market the stock has been strong over the last nine months but has declined -8.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ELA is expected to continue to be a modest Value Builder.
Envela has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Envela has a slightly negative Appreciation Score of 32 and a neutral Power Rating of 55, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment