Free Trial

Envela (NYSEAMERICAN:ELA) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Envela logo with Retail/Wholesale background

Key Points

  • Envela Corporation's stock price has recently surpassed its 200-day moving average, reaching a high of $6.00 before closing at $5.64 with a trading volume of 24,114 shares.
  • Analysts at Lake Street Capital have raised their price target for Envela from $7.00 to $9.00, maintaining a "buy" rating for the stock.
  • Institutional investors have significantly increased their holdings in Envela, with 8.15% of the stock now owned by these investors, reflecting growing confidence in the company's future prospects.
  • Want stock alerts on Envela? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Envela Corporation (NYSEAMERICAN:ELA - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $6.00. Envela shares last traded at $5.64, with a volume of 24,114 shares trading hands.

Wall Street Analysts Forecast Growth

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

View Our Latest Research Report on Envela

Envela Stock Up 9.4%

The company has a debt-to-equity ratio of 0.17, a current ratio of 4.58 and a quick ratio of 2.36. The stock has a 50-day moving average price of $5.90. The firm has a market cap of $170.23 million, a PE ratio of 19.86 and a beta of 0.22.

Institutional Trading of Envela

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Adamsbrown Wealth Consultants LLC acquired a new position in shares of Envela in the 2nd quarter valued at about $61,000. NewEdge Advisors LLC boosted its position in Envela by 1,015.6% during the first quarter. NewEdge Advisors LLC now owns 10,989 shares of the company's stock worth $68,000 after purchasing an additional 10,004 shares during the period. Leo Wealth LLC bought a new stake in Envela during the second quarter worth approximately $132,000. Goldman Sachs Group Inc. boosted its position in shares of Envela by 82.4% in the first 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, Jane Street Group LLC boosted its position in shares of Envela by 72.8% in the fourth quarter. Jane Street Group LLC now owns 30,343 shares of the company's stock valued at $218,000 after acquiring an additional 12,783 shares during the period. Institutional investors and hedge funds own 8.15% of the company's stock.

Envela Company Profile

(Get Free Report)

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.

Featured Stories

Should You Invest $1,000 in Envela Right Now?

Before you consider Envela, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Envela wasn't on the list.

While Envela currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for September 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

$15 Billion for Cybersecurity: The Government’s Next Big Push
Tesla’s Future Unleashed: Elon’s Robotics Move Changes Everything
Top Trades: Massive Gains and Costly Mistakes to Avoid

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines