An Important Check-Up On Envestnet Inc. (NYSE: ENV)

Envestnet Inc. (ENV) concluded trading on Thursday at a closing price of $61.65, with 10.06 million shares of worth about $620.48 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.29% during that period and on July 11, 2024 the price saw a loss of about -0.08%. Currently the company’s common shares owned by public are about 54.77M shares, out of which, 54.41M shares are available for trading.

Stock saw a price change of -2.45% in past 5 days and over the past one month there was a price change of -0.98%. Year-to-date (YTD), ENV shares are showing a performance of 24.50% which increased to 1.77% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $33.12 but also hit the highest price of $73.04 during that period. The average intraday trading volume for Envestnet Inc. shares is 530.45K. The stock is currently trading -0.57% below its 20-day simple moving average (SMA20), while that difference is down -3.80% for SMA50 and it goes to 18.18% higher than SMA200.

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Envestnet Inc. (NYSE: ENV) currently have 54.77M outstanding shares and institutions hold larger chunk of about 108.87% of that.

The stock has a current market capitalization of $3.40B and its 3Y-monthly beta is at 1.28. It has posted earnings per share of -$3.57 in the same period. It has Quick Ratio of 1.19 while making debt-to-equity ratio of 1.70. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ENV, volatility over the week remained 2.78% while standing at 2.74% over the month.

Stock’s fiscal year EPS is expected to rise by 24.25% while it is estimated to increase by 16.91% 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 Jefferies on May 08, 2024 offering a Hold rating for the stock and assigned a target price range of between $47 and $59 to it. Coverage by Raymond James stated Envestnet Inc. (ENV) stock as an Outperform in their note to investors on January 06, 2023, suggesting a price target of $71 for the stock. On July 25, 2022, William Blair Resumed their recommendations, while on February 25, 2022, DA Davidson Upgrade their ratings for the stock with a price target of $86. Stock get an Underperform rating from Jefferies on July 22, 2021.

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