Envela (ELA) Projected to Post Quarterly Earnings on Wednesday

Envela (NYSEAMERICAN:ELA - Get Free Report) will likely be announcing its earnings results before the market opens on Wednesday, August 6th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $46.81 million for the quarter.

Envela Stock Performance

NYSEAMERICAN:ELA traded up $0.07 during trading hours on Friday, reaching $5.49. The stock had a trading volume of 14,824 shares, compared to its average volume of 29,338. The company has a current ratio of 4.51, a quick ratio of 2.31 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average of $5.93. Envela has a 12-month low of $4.20 and a 12-month high of $7.88. The firm has a market capitalization of $142.74 million, a PE ratio of 19.61 and a beta of 0.22.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Jane Street Group LLC increased its position in shares of Envela by 12.1% in the 1st quarter. Jane Street Group LLC now owns 34,024 shares of the company's stock valued at $212,000 after acquiring an additional 3,681 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Envela by 82.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,334 shares of the company's stock valued at $189,000 after acquiring an additional 13,699 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of Envela by 1,015.6% during the 1st quarter. NewEdge Advisors LLC now owns 10,989 shares of the company's stock valued at $68,000 after acquiring an additional 10,004 shares during the period. Hedge funds and other 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.