Enviri (NYSE:NVRI) Hits New 52-Week 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) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $12.03 and last traded at $11.95, with a volume of 155918 shares. The stock had previously closed at $11.69.

Analyst Upgrades and Downgrades

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

Enviri Stock Up 1.1%

The company has a market capitalization of $953.12 million, a PE ratio of -6.01 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. The business's 50 day simple moving average is $9.77 and its 200 day simple moving average is $8.02.

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

Hedge Funds Weigh In On Enviri

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its position in shares of Enviri by 0.5% during the second quarter. Rhumbline Advisers now owns 238,076 shares of the company's stock worth $2,066,000 after acquiring an additional 1,150 shares in the last quarter. Graham Capital Management L.P. grew its holdings in Enviri by 8.7% during the fourth quarter. Graham Capital Management L.P. now owns 18,069 shares of the company's stock worth $139,000 after purchasing an additional 1,443 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Enviri by 7.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,667 shares of the company's stock valued at $179,000 after acquiring an additional 1,490 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Enviri by 14.0% in the second quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company's stock valued at $110,000 after purchasing an additional 1,554 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Enviri by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,099 shares of the company's stock worth $347,000 after acquiring an additional 1,572 shares during the last quarter. Institutional investors own 93.43% of the company's stock.

Enviri Company Profile

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.

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