Envela (ELA) to Release Quarterly Earnings on Wednesday

Envela (NYSEAMERICAN:ELA - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $43.83 million for the quarter.

Envela Stock Performance

NYSEAMERICAN ELA traded up $0.17 during trading on Friday, hitting $6.60. 23,896 shares of the company's stock traded hands, compared to its average volume of 24,140. The business's 50 day simple moving average is $6.15. Envela has a 12-month low of $4.20 and a 12-month high of $7.88. The company has a quick ratio of 2.08, a current ratio of 4.76 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $171.60 million, a PE ratio of 27.50 and a beta of 0.35.

Wall Street Analysts Forecast Growth

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

About Envela

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.