Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Envela Corp (NYSEAMERICAN: ELA) fell significantly during the last several trading days. ELA’s current Value Trend Rating is F and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Envela Corp (NYSEAMERICAN: ELA) stock declined by -4.0% on 4/12/24. The shares closed at $4.35. Moreover, this decline was accompanied by exceptionally high trading volume at 220% of normal. The stock has been weak relative to the market over the last nine months and has declined -5.2% during the last week.
Current PriceTarget Research Rating
ELA’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Envela has a current Value Trend Rating of F (Lowest Rating). 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 34 and a poor Power Rating of 28, producing the Lowest Value Trend Rating.
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