For its second fiscal quarter (ending June 30), Envestnet Inc (NYSE: ENV) has reported E.P.S. of $-1.44 compared to $-0.39 a year ago. For the latest four quarters through June 30, E.P.S. were $-4.61 compared to $-1.94 a year ago.
Recent Price Action
Envestnet Inc (NYSE: ENV) stock rose slightly by 0.03% on 8/9/24. The stock closed at $62.03. However, this advance was accompanied by unusually low trading volume at 51% of normal. The stock has been exceptionally strong relative to the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
ENV’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Envestnet has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Envestnet has a poor Appreciation Score of 20 but a very high Power Rating of 93, resulting in the High 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.
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