Envela (NYSEAMERICAN:ELA – Get Free Report) had its price target increased by investment analysts at Lake Street Capital from $6.00 to $7.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Lake Street Capital’s target price indicates a potential upside of 20.69% from the company’s current price.
Envela Trading Up 8.2 %
NYSEAMERICAN:ELA traded up $0.44 during mid-day trading on Wednesday, hitting $5.80. 24,103 shares of the company’s stock traded hands, compared to its average volume of 30,137. Envela has a twelve month low of $3.02 and a twelve month high of $5.82. The firm has a market capitalization of $151.21 million, a P/E ratio of 23.63 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.88 and a quick ratio of 2.72.
Envela (NYSEAMERICAN:ELA – Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The business had revenue of $46.90 million for the quarter, compared to analysts’ expectations of $39.85 million. Envela had a net margin of 4.10% and a return on equity of 13.27%. On average, research analysts predict that Envela will post 0.21 earnings per share for the current fiscal year.
Institutional Trading of Envela
About Envela
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.
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