Enviri (NYSE:NVRI) Sets New 52-Week High - Time to Buy?

Key Points

• Enviri Corporation (NYSE: NVRI) reached a new 52-week high at $12.50, closing at $12.48 with a trading volume of over 1.25 million shares.
• Following its latest earnings report, Enviri's EPS of ($0.22) missed expectations, leading to a downgrade from "hold" to "sell" by Wall Street analysts.
• Significant institutional investment activity was noted, with HG Vora Capital Management acquiring a position valued at approximately $23.3 million during Q1.

Enviri Corporation (NYSE:NVRI - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $12.50 and last traded at $12.48, with a volume of 1259563 shares trading hands. The stock had previously closed at $12.19.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered 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, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $10.00.

Enviri Trading Up 2.3%

The business has a 50 day simple moving average of $10.05 and a two-hundred day simple moving average of $8.18. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 3.55. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -6.36 and a beta of 1.89.

Enviri (NYSE:NVRI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $562.25 million for the quarter, compared to analyst estimates of $576.50 million. During the same quarter last year, the business earned $0.02 EPS. Enviri's revenue for the quarter 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. As a group, equities analysts anticipate that Enviri Corporation will post -0.13 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NVRI. HG Vora Capital Management LLC bought a new position in Enviri during the 1st quarter worth approximately $23,275,000. Angelo Gordon & CO. L.P. bought a new stake in shares of Enviri in the 2nd quarter worth approximately $10,706,000. Neuberger Berman Group LLC lifted its holdings in shares of Enviri by 21.2% in the 1st quarter. Neuberger Berman Group LLC now owns 5,755,670 shares of the company's stock worth $38,299,000 after purchasing an additional 1,008,706 shares during the last quarter. 1060 Capital LLC bought a new stake in shares of Enviri in the 2nd quarter worth approximately $5,604,000. Finally, Paradigm Capital Management Inc. NY lifted its holdings in shares of Enviri by 14.4% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 4,475,900 shares of the company's stock worth $34,464,000 after purchasing an additional 563,100 shares during the last quarter. Institutional investors 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.

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