Enviri (NYSE:NVRI) Sets New 1-Year High - Here's What Happened

Key Points

• Shares of Enviri hit a new 52-week high of $19.99 (last $19.967) on Thursday, up about 0.4% with ~158,941 shares traded and trading above its 50‑day ($18.75) and 200‑day ($16.67) moving averages.
• Wall Street consensus is a Hold (one Buy, two Hold, one Sell) with an average price target of $25.00.
• Fundamentals show negative earnings—EPS of ($0.17) that beat estimates—revenue of $555.01M (down 0.5% YoY), a negative net margin (7.62%), high debt‑to‑equity (5.18) and a market cap of about $1.61 billion.

Shares of Enviri Corporation (NYSE:NVRI - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $19.99 and last traded at $19.9670, with a volume of 158941 shares trading hands. The stock had previously closed at $19.73.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NVRI. Weiss Ratings reissued a "sell (d-)" rating on shares of Enviri in a report on Thursday, January 22nd. CJS Securities raised Enviri to a "hold" rating in a report on Thursday, December 11th. Lake Street Capital reissued a "buy" rating and set a $25.00 price target on shares of Enviri in a report on Wednesday, February 25th. Finally, Zacks Research raised Enviri to a "hold" rating in a report on Tuesday, December 16th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $25.00.

Enviri Stock Up 0.4%

The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 5.18. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -9.34 and a beta of 1.72. The firm's 50 day simple moving average is $18.75 and its 200-day simple moving average is $16.67.

Enviri (NYSE:NVRI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.03. The company had revenue of $555.01 million for the quarter, compared to analysts' expectations of $550.90 million. Enviri had a negative net margin of 7.62% and a negative return on equity of 13.47%. Enviri's revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.04) EPS. On average, sell-side analysts anticipate that Enviri Corporation will post -0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Enviri

A number of large investors have recently modified their holdings of NVRI. Baird Financial Group Inc. purchased a new position in shares of Enviri during the 1st quarter worth approximately $93,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Enviri by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,127 shares of the company's stock worth $313,000 after buying an additional 2,028 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Enviri by 3.1% during the 1st quarter. Empowered Funds LLC now owns 396,638 shares of the company's stock worth $2,638,000 after buying an additional 11,762 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Enviri by 116.0% during the 1st quarter. Jane Street Group LLC now owns 207,329 shares of the company's stock worth $1,379,000 after buying an additional 111,359 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Enviri by 14.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company's stock worth $110,000 after buying an additional 1,554 shares in the last quarter. 93.43% of the stock is owned by hedge funds and other institutional investors.

Enviri Company Profile

Enviri Inc NYSE: NVRI is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.

Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.

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