B. Riley Has Optimistic Outlook of Envela FY2025 Earnings

Envela Co. (NYSEAMERICAN:ELA - Free Report) - B. Riley boosted their FY2025 earnings per share (EPS) estimates for Envela in a research note issued on Sunday, May 11th. B. Riley analyst J. Van. Sinderen now forecasts that the company will post earnings of $0.30 per share for the year, up from their prior estimate of $0.29. The consensus estimate for Envela's current full-year earnings is $0.24 per share. B. Riley also issued estimates for Envela's FY2026 earnings at $0.39 EPS.

Separately, Lake Street Capital lifted their target price on Envela from $7.00 to $9.00 and gave the company a "buy" rating in a research note on Thursday, May 8th.

Envela Stock Performance

NYSEAMERICAN ELA traded down $0.04 during trading hours on Wednesday, hitting $6.44. 3,853 shares of the company's stock were exchanged, compared to its average volume of 23,931. The stock has a 50 day simple moving average of $6.20. The firm has a market capitalization of $167.47 million, a price-to-earnings ratio of 26.94 and a beta of 0.35. The company has a quick ratio of 2.08, a current ratio of 4.76 and a debt-to-equity ratio of 0.25. Envela has a 12-month low of $4.20 and a 12-month high of $7.88.

Hedge Funds Weigh In On Envela

Large investors have recently made changes to their positions in the company. Barclays PLC raised its stake in shares of Envela by 113.7% during the third quarter. Barclays PLC now owns 5,025 shares of the company's stock valued at $28,000 after acquiring an additional 2,674 shares during the last quarter. NewEdge Advisors LLC raised its stake in Envela by 1,015.6% during the 1st quarter. NewEdge Advisors LLC now owns 10,989 shares of the company's stock worth $68,000 after buying an additional 10,004 shares during the period. Goldman Sachs Group Inc. increased its holdings in Envela by 82.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,334 shares of the company's stock worth $189,000 after purchasing an additional 13,699 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Envela by 72.8% during the fourth quarter. Jane Street Group LLC now owns 30,343 shares of the company's stock valued at $218,000 after purchasing an additional 12,783 shares in the last quarter. Finally, Ancora Advisors LLC bought a new position in shares of Envela in the fourth quarter valued at approximately $244,000. Institutional investors own 8.15% of the company's stock.

Envela Company Profile

Envela Corporation, together with its subsidiaries, operates in the re-commerce sector in the United States. The company operates through two segments, Commercial-Services and Direct-To-Consumer. It provides end-of-life asset recycling; data destruction and IT asset management; and products, services, and solutions to industrial and commercial companies, as well as operates as a re-commerce retailers of luxury hard assets.