B. Riley Has Bullish Estimate for Envela FY2025 Earnings

Key Points

• Analysts at B. Riley have raised their FY2025 earnings estimate for Envela Corporation to $0.35 per share, from a previous estimate of $0.30, while maintaining a "Buy" rating with a $11.00 price target.
• Lake Street Capital also increased their price target on Envela, lifting it from $7.00 to $9.00 and assigning a "buy" rating.
• Envela's stock has shown a trading volume of 10,958 shares lately, with its current market cap at $179.32 million and a PE ratio of 20.92.

Envela Corporation (NYSEAMERICAN:ELA - Free Report) - Stock analysts at B. Riley lifted their FY2025 earnings per share (EPS) estimates for shares of Envela in a research report issued to clients and investors on Wednesday, August 13th. B. Riley analyst J. Van. Sinderen now forecasts that the company will post earnings of $0.35 per share for the year, up from their previous forecast of $0.30. B. Riley has a "Buy" rating and a $11.00 price target on the stock. The consensus estimate for Envela's current full-year earnings is $0.24 per share.

Separately, Lake Street Capital upped their target price on Envela from $7.00 to $9.00 and gave the company a "buy" rating in a research report on Thursday, May 8th.

Envela Price Performance

ELA traded down $0.03 during trading on Thursday, hitting $6.94. The stock had a trading volume of 20,960 shares, compared to its average volume of 35,473. The stock has a 50 day simple moving average of $6.02. The company has a market capitalization of $180.23 million, a price-to-earnings ratio of 21.03 and a beta of 0.22. The company has a current ratio of 4.58, a quick ratio of 2.36 and a debt-to-equity ratio of 0.17. Envela has a one year low of $4.40 and a one year high of $7.88.

Hedge Funds Weigh In On Envela

A number of institutional investors have recently modified their holdings of the business. Topline Capital Management LLC increased its holdings in Envela by 14.2% in the 2nd quarter. Topline Capital Management LLC now owns 862,433 shares of the company's stock worth $5,278,000 after purchasing an additional 107,470 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Envela by 8.9% in the second quarter. Bank of America Corp DE now owns 43,906 shares of the company's stock valued at $269,000 after buying an additional 3,583 shares during the period. New York State Common Retirement Fund acquired a new stake in shares of Envela in the second quarter valued at about $106,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Envela in the second quarter valued at about $71,000. Finally, Geode Capital Management LLC increased its stake in shares of Envela by 116.5% in the second quarter. Geode Capital Management LLC now owns 144,247 shares of the company's stock valued at $883,000 after buying an additional 77,635 shares during the period. Institutional investors and hedge funds own 8.15% of the company's stock.

Envela Company Profile

Envela Corporation, together with its subsidiaries, operates in the re-commerce sector in the United States. The company operates through two segments, Commercial-Services and Direct-To-Consumer. It provides end-of-life asset recycling; data destruction and IT asset management; and products, services, and solutions to industrial and commercial companies, as well as operates as a re-commerce retailers of luxury hard assets.