For its third fiscal quarter (ending September 30), Enovis Corporation (NYSE: ENOV) has reported a 69% increase in E.P.S. from $-0.36 a year ago to $-0.61 in the current quarter. E.P.S. were $-2.21 for the latest four quarters through September 30 versus $-2.06 for the same period a year ago — an increase of 7%.
Recent Price Action
On 11/6/24, Enovis Corporation (NYSE: ENOV) stock enjoyed a very large increase of 8.3%, closing at $46.90. Moreover, trading volume in this advance was exceptionally high at 230% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 15.8% during the last week.
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 C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Enovis has a slightly positive Appreciation Score of 64 but a slightly negative Power Rating of 31, leading to 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.
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