Enviri Corp (NYSE: NVRI) Not A Good Play Anymore?

Enviri Corp (NVRI) concluded trading on Thursday at a closing price of $9.15, with 0.45 million shares of worth about $4.14 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.56% during that period and on March 28, 2024 the price saw a gain of about 3.39%. Currently the company’s common shares owned by public are about 79.83M shares, out of which, 78.18M shares are available for trading.

Stock saw a price change of 6.77% in past 5 days and over the past one month there was a price change of 14.66%. Year-to-date (YTD), NVRI shares are showing a performance of 1.67% which increased to 39.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.64 but also hit the highest price of $10.01 during that period. The average intraday trading volume for Enviri Corp shares is 432.53K. The stock is currently trading 10.97% above its 20-day simple moving average (SMA20), while that difference is up 10.20% for SMA50 and it goes to 16.53% higher than SMA200.

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Enviri Corp (NYSE: NVRI) currently have 79.83M outstanding shares and institutions hold larger chunk of about 93.94% of that.

The stock has a current market capitalization of $730.44M and its 3Y-monthly beta is at 2.09. It has posted earnings per share of -$1.08 in the same period. It has Quick Ratio of 1.13 while making debt-to-equity ratio of 2.92. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NVRI, volatility over the week remained 3.40% while standing at 4.34% over the month.

Analysts are in expectations that Enviri Corp (NVRI) stock would likely to be making an EPS of -$0.09 in the current quarter, while forecast for next quarter EPS is $0.01 and it is $0.3 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.11 which is -$0.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.11 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 86.23% while it is estimated to increase by 1925.26% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BMO Capital Markets on July 12, 2022 offering a Market perform rating for the stock and assigned a target price of $7 to it. Coverage by DA Davidson stated Enviri Corp (NVRI) stock as a Buy in their note to investors on March 30, 2022, suggesting a price target of $18 for the stock. On November 08, 2021, Argus Downgrade their recommendations, while on May 07, 2021, Argus Upgrade their ratings for the stock with a price target of $26. Stock get an Outperform rating from Barrington Research on May 05, 2021.

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