Enviri (NYSE:NVRI) Sets New 12-Month High - What's Next?

Key Points

• Enviri Corporation shares reached a new 52-week high of $12.03 during trading, closing at $11.95, indicating a potential upward trend in the stock's performance.
• Despite the stock's rise, Wall Street Zen downgraded Enviri from "hold" to "sell," with an average price target set at $10.00.
• The company reported a quarterly loss of ($0.22) EPS, missing estimates and showing a 7.9% decline in revenue compared to the same period last year, which raises concerns about its financial performance.

Enviri Corporation (NYSE:NVRI - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $12.03 and last traded at $11.95, with a volume of 155918 shares traded. The stock had previously closed at $11.69.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Enviri from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Enviri has a consensus rating of "Hold" and an average price target of $10.00.

Enviri Price Performance

The company has a 50 day moving average of $9.97 and a two-hundred day moving average of $8.13. The firm has a market cap of $1.01 billion, a P/E ratio of -6.36 and a beta of 1.89. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 3.55.

Enviri (NYSE:NVRI - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.11). Enviri had a negative net margin of 7.02% and a negative return on equity of 7.86%. The firm had revenue of $562.25 million for the quarter, compared to the consensus estimate of $576.50 million. During the same period in the prior year, the business earned $0.02 EPS. The company's quarterly revenue was down 7.9% compared to the same quarter last year. Enviri has set its FY 2025 guidance at -0.520--0.300 EPS. Q3 2025 guidance at -0.100-0.01 EPS. Sell-side analysts expect that Enviri Corporation will post -0.13 EPS for the current year.

Hedge Funds Weigh In On Enviri

A number of hedge funds and other institutional investors have recently modified their holdings of NVRI. CWM LLC boosted its position in shares of Enviri by 231.7% in the 2nd quarter. CWM LLC now owns 4,893 shares of the company's stock valued at $42,000 after purchasing an additional 3,418 shares during the period. Brooklyn Investment Group boosted its position in shares of Enviri by 11,332.3% in the 1st quarter. Brooklyn Investment Group now owns 7,431 shares of the company's stock valued at $49,000 after purchasing an additional 7,366 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Enviri by 43.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company's stock valued at $66,000 after purchasing an additional 2,322 shares during the period. Entropy Technologies LP acquired a new position in shares of Enviri in the 1st quarter valued at $70,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Enviri in the 1st quarter valued at $74,000. Institutional investors and hedge funds own 93.43% of the company's stock.

About Enviri

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.