Enovis Corporation (NYSE: ENOV) is -31.69% lower on its value in year-to-date trading and has touched a low of $52.27 and a high of $94.03 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ENOV stock was last observed hovering at around $54.31 in the last trading session, with the day’s loss setting it -0.3% off its average median price target of $68.00 for the next 12 months. It is also 26.01% off the consensus price target high of $73.00 offered by 5 analysts, but current levels are 11.46% higher than the price target low of $61.00 for the same period.
Currently trading at $54.01, the stock is -2.93% and -11.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.3 million and changing -0.55% at the moment leaves the stock -25.33% off its SMA200. ENOV registered -28.44% loss for a year compared to 6-month loss of -30.22%. The firm has a 50-day simple moving average (SMA 50) of $1.13 and a 200-day simple moving average (SMA200) of $9.12.
The stock witnessed a -11.75% gain in the last 1 month and extending the period to 3 months gives it a -21.92%, and is -0.46% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.67% over the week and 3.16% over the month.
Enovis Corporation (ENOV) has around 16200 employees, a market worth around $2.88B and $4.00B in sales. Current P/E ratio is 33.57 and Fwd P/E is 19.53. Profit margin for the company is 1.70%. Distance from 52-week low is 3.32% and -42.56% from its 52-week high. The company has generated returns on investments over the last 12 months (2.60%).
Enovis Corporation (ENOV) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Enovis Corporation (ENOV) is a “Overweight”. 5 analysts offering their recommendations for the stock have an average rating of 2.20, where 3 rate it as a Hold and 1 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Enovis Corporation is expected to release its quarterly report on 11/03/2022.The EPS is expected to grow by 55.10% this year.
Enovis Corporation (ENOV) Top Institutional Holders
The shares outstanding are 53.87M, and float is at 47.74M with Short Float at 4.46%.
Enovis Corporation (ENOV) Insider Activity
A total of 63 insider transactions have happened at Enovis Corporation (ENOV) in the last six months, with sales accounting for 35 and purchases happening 28 times.
Enovis Corporation (ENOV): Who are the competitors?
The company’s main competitors (and peers) include Ampco-Pittsburgh Corporation (AP) that is trading -29.33% down over the past 12 months and Lincoln Electric Holdings Inc. (LECO) that is -9.06% lower over the same period. IDEX Corporation (IEX) is -19.37% down on the 1-year trading charts.