Enviri Corp (NYSE:NVRI) price on Wednesday, November 13, rose 0.28% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.11.
A look at the stock’s price movement, the close in the last trading session was $7.09, moving within a range at $6.925 and $7.32. The beta value (5-Year monthly) was 2.221. Turning to its 52-week performance, $12.79 and $5.64 were the 52-week high and 52-week low respectively. Overall, NVRI moved -31.63% over the past month.
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Enviri Corp’s market cap currently stands at around $569.76 million, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 579.33M for the company’s revenue for the quarter, with a low and high estimate of 574.4M and 584.3M respectively. The average forecast suggests up to a 9.55% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.36B, representing a 14.21% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NVRI is a 100% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
NVRI’s current price about -17.96% and -26.17% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 29.08, while 7-day volatility ratio is 6.53% and 5.04% in the 30-day chart. Further, Enviri Corp (NVRI) has a beta value of 2.18, and an average true range (ATR) of 0.50. Analysts have given the company’s stock an average 52-week price target of $13, forecast between a low of $9 and high of $13. Looking at the price targets, the low is -26.58% off current price level while to achieve the yearly target high, price needs to move -82.84%. Nonetheless, investors will most likely welcome a -82.84% jump to $13 which is the analysts’ median price.
If we refocus on Enviri Corp (NYSE:NVRI), historical trading data shows that trading volumes averaged 0.94 over the past 10 days and 412.72K over the past 3 months. The company’s latest data on shares outstanding shows there are 79.83 million shares.
The 2.14% of Enviri Corp’s shares are in the hands of company insiders while institutional holders own 92.65% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.53 million on 2024-10-31, giving us a short ratio of 5.4. The data shows that as of 2024-10-31 short interest in Enviri Corp (NVRI) stood at 239.0 of shares outstanding, with shares short falling to 1.55 million registered in 2024-09-30. Current price change has pushed the stock -21.00% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NVRI stock continues to rise going into the next quarter.
