Enviri (NYSE:NVRI) Reaches New 1-Year High - What's Next?

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 during mid-day trading on Tuesday . The company traded as high as $12.50 and last traded at $12.48, with a volume of 1259563 shares traded. The stock had previously closed at $12.19.

Analyst Upgrades and Downgrades

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

Enviri Price Performance

The business's fifty day simple moving average is $10.31 and its 200-day simple moving average is $8.32. The firm has a market cap of $991.59 million, a P/E ratio of -6.27 and a beta of 1.89. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 3.55.

Enviri (NYSE:NVRI - Get Free Report) last announced 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 return on equity of 7.86% and a negative net margin of 7.02%.The business had revenue of $562.25 million during the quarter, compared to analysts' expectations of $576.50 million. During the same quarter last year, the company posted $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, analysts forecast that Enviri Corporation will post -0.13 EPS for the current fiscal year.

Institutional Trading of Enviri

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its holdings in Enviri by 44.0% during the fourth quarter. Deutsche Bank AG now owns 73,189 shares of the company's stock valued at $564,000 after purchasing an additional 22,355 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Enviri by 3.6% in 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. ProShare Advisors LLC lifted its stake in Enviri by 44.3% in the fourth quarter. ProShare Advisors LLC now owns 23,876 shares of the company's stock worth $184,000 after acquiring an additional 7,325 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of Enviri by 266.9% during the 4th quarter. Squarepoint Ops LLC now owns 65,949 shares of the company's stock worth $508,000 after buying an additional 47,974 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Enviri by 10.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,073 shares of the company's stock valued at $1,471,000 after purchasing an additional 18,292 shares during the last quarter. 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.