Enovis Stock Price, News & Analysis (NYSE:ENOV)

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enovis in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ENOV shares.
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5 Wall Street research analysts have issued 1 year price objectives for Enovis' stock. Their ENOV share price targets range from $62.00 to $75.00. On average, they anticipate the company's stock price to reach $67.83 in the next twelve months. This suggests a possible upside of 33.1% from the stock's current price.
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Enovis' stock was trading at $53.52 at the beginning of 2023. Since then, ENOV stock has decreased by 4.8% and is now trading at $50.97.
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Enovis saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 3,610,000 shares, an increase of 11.4% from the October 15th total of 3,240,000 shares. Based on an average daily trading volume, of 553,400 shares, the days-to-cover ratio is currently 6.5 days. Currently, 7.3% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
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Enovis Co. (NYSE:ENOV) announced its earnings results on Tuesday, November, 7th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.02. The company earned $417.50 million during the quarter, compared to the consensus estimate of $414.89 million. Enovis had a negative net margin of 4.51% and a positive trailing twelve-month return on equity of 3.70%. Enovis's quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share.

ETFs with the largest weight of Enovis (NYSE:ENOV) stock in their portfolio include SPDR S&P Health Care Equipment ETF (XHE), Invesco S&P MidCap 400 Pure Value ETF (RFV) and Dimensional US Small Cap Value ETF (DFSV).iShares U.S. Medical Devices ETF (IHI).

Enovis issued an update on its FY23 earnings guidance on Tuesday, November, 7th. The company provided earnings per share guidance of $2.30-2.40 for the period, compared to the consensus EPS estimate of $2.32.

Enovis' stock is owned by a variety of retail and institutional investors. Top institutional investors include Diamond Hill Capital Management Inc. (4.45%), DAVENPORT & Co LLC (3.06%), Channing Capital Management LLC (2.30%), Allspring Global Investments Holdings LLC (1.88%), American Century Companies Inc. (1.59%) and Principal Financial Group Inc. (1.53%). Insiders that own company stock include A Clayton Perfall, Bradley J Tandy, Brady Shirley, Christopher M Hix, Daniel A Pryor, John Kleckner, Matthew L Trerotola, Patricia A Lang, Phillip Benjamin (Ben) Berry and Rajiv Vinnakota.
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Shares of ENOV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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