Is Enovis Corp Stock a Good Investment?
Enovis Corp Investment Advice | ENOV |
- Examine Enovis Corp's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Enovis Corp's leadership team and their track record. Good management can help Enovis Corp navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Health Care Equipment & Supplies space and any emerging trends that could impact Enovis Corp's business and its evolving consumer preferences.
- Compare Enovis Corp's performance and market position to its competitors. Analyze how Enovis Corp is positioned in terms of product offerings, innovation, and market share.
- Check if Enovis Corp pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Enovis Corp's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Enovis Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Enovis Corp is a good investment.
Sell | Buy |
Strong Hold
Market Performance | Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Enovis Corp Stock
Researching Enovis Corp's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 99.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 0.77. Some equities with similar Price to Book (P/B) outperform the market in the long run. Enovis Corp has Price/Earnings To Growth (PEG) ratio of 1.9. The entity recorded a loss per share of 2.21. The firm had not issued any dividends in recent years. Enovis Corp had 581:1000 split on the 5th of April 2022.
To determine if Enovis Corp is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Enovis Corp's research are outlined below:
| The company reported the previous year's revenue of 1.71 B. Net Loss for the year was (32.73 M) with profit before overhead, payroll, taxes, and interest of 883.88 M. | |
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: Enovis Co. Shares Sold by Principal Financial Group Inc. - MarketBeat |
Enovis Corp Quarterly Gross Profit |
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Enovis Corp uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Enovis Corp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Enovis Corp's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 22nd of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 22nd of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Enovis Corp's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Enovis Corp's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2010-07-28 | 2010-06-30 | 0.49 | 0.54 | 0.05 | 10 | ||
2023-05-04 | 2023-03-31 | 0.37 | 0.44 | 0.07 | 18 | ||
2010-11-04 | 2010-09-30 | 0.58 | 0.66 | 0.08 | 13 | ||
2023-08-03 | 2023-06-30 | 0.52 | 0.61 | 0.09 | 17 | ||
2022-08-04 | 2022-06-30 | 0.5 | 0.59 | 0.09 | 18 | ||
2016-05-03 | 2016-03-31 | 0.81 | 0.9 | 0.09 | 11 | ||
2012-05-08 | 2012-03-31 | 0.6 | 0.69 | 0.09 | 15 | ||
2011-05-03 | 2011-03-31 | 0.6 | 0.69 | 0.09 | 15 |
Know Enovis Corp's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Enovis Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Enovis Corp backward and forwards among themselves. Enovis Corp's institutional investor refers to the entity that pools money to purchase Enovis Corp's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Channing Capital Management, Llc | 2024-09-30 | 1.3 M | River Road Asset Management, Llc | 2024-09-30 | 1.2 M | Magnetar Financial Llc | 2024-06-30 | 1.1 M | Bank Of America Corp | 2024-06-30 | 1.1 M | Allspring Global Investments Holdings, Llc | 2024-06-30 | 994.4 K | Geode Capital Management, Llc | 2024-06-30 | 841.3 K | Wells Fargo & Co | 2024-06-30 | 614.5 K | Charles Schwab Investment Management Inc | 2024-09-30 | 600.8 K | Hhg Plc | 2024-06-30 | 555.2 K | T. Rowe Price Investment Management,inc. | 2024-09-30 | 6.6 M | Blackrock Inc | 2024-06-30 | 5.4 M |
Enovis Corp's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.58 B.Market Cap |
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Enovis Corp's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.03) | (0.02) | |
| Return On Capital Employed | (0.02) | (0.02) | |
| Return On Assets | (0.01) | (0.01) | |
| Return On Equity | (0.01) | (0.01) |
Determining Enovis Corp's profitability involves analyzing its financial statements and using various financial metrics to determine if Enovis Corp is a good buy. For example, gross profit margin measures Enovis Corp's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Enovis Corp's profitability and make more informed investment decisions.
Enovis Corp's Earnings Breakdown by Geography
Please note, the imprecision that can be found in Enovis Corp's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Enovis Corp. Check Enovis Corp's Beneish M Score to see the likelihood of Enovis Corp's management manipulating its earnings.
Evaluate Enovis Corp's management efficiency
Return On Tangible Assets is likely to climb to -0.02 in 2024. Return On Capital Employed is likely to climb to -0.02 in 2024. At this time, Enovis Corp's Total Assets are fairly stable compared to the past year. Total Current Assets is likely to climb to about 1.3 B in 2024, whereas Non Currrent Assets Other are likely to drop slightly above 85.7 M in 2024. Enovis Corp's management efficiency ratios could be used to measure how well Enovis Corp manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 62.73 | 40.74 | |
| Tangible Book Value Per Share | 4.26 | 4.48 | |
| Enterprise Value Over EBITDA | 20.92 | 27.90 | |
| Price Book Value Ratio | 0.89 | 0.85 | |
| Enterprise Value Multiple | 20.92 | 27.90 | |
| Price Fair Value | 0.89 | 0.85 | |
| Enterprise Value | 3.6 B | 2.1 B |
The management team at Enovis Corp has a track record of steering the company towards sustained growth. Evaluating their strategies helps in understanding the stock's long-term potential.
Beta 1.997 |
Basic technical analysis of Enovis Stock
As of the 22nd of November, Enovis Corp shows the Mean Deviation of 1.67, downside deviation of 1.81, and Coefficient Of Variation of 2647.24. Enovis Corp technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Enovis Corp coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Enovis Corp is priced favorably, providing market reflects its regular price of 46.67 per share. Given that Enovis Corp has jensen alpha of (0.11), we urge you to verify Enovis Corp's prevailing market performance to make sure the company can sustain itself at a future point.Enovis Corp's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Enovis Corp insiders, such as employees or executives, is commonly permitted as long as it does not rely on Enovis Corp's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Enovis Corp insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Enovis Corp's Outstanding Corporate Bonds
Enovis Corp issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Enovis Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Enovis bonds can be classified according to their maturity, which is the date when Enovis Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Understand Enovis Corp's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Enovis Corp's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0353 | |||
| Market Risk Adjusted Performance | 0.0491 | |||
| Mean Deviation | 1.67 | |||
| Semi Deviation | 1.76 | |||
| Downside Deviation | 1.81 | |||
| Coefficient Of Variation | 2647.24 | |||
| Standard Deviation | 2.18 | |||
| Variance | 4.76 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0391 | |||
| Maximum Drawdown | 11.3 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 3.83 | |||
| Downside Variance | 3.27 | |||
| Semi Variance | 3.1 | |||
| Expected Short fall | (1.98) | |||
| Skewness | 0.8749 | |||
| Kurtosis | 1.94 |
| Risk Adjusted Performance | 0.0353 | |||
| Market Risk Adjusted Performance | 0.0491 | |||
| Mean Deviation | 1.67 | |||
| Semi Deviation | 1.76 | |||
| Downside Deviation | 1.81 | |||
| Coefficient Of Variation | 2647.24 | |||
| Standard Deviation | 2.18 | |||
| Variance | 4.76 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0391 | |||
| Maximum Drawdown | 11.3 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 3.83 | |||
| Downside Variance | 3.27 | |||
| Semi Variance | 3.1 | |||
| Expected Short fall | (1.98) | |||
| Skewness | 0.8749 | |||
| Kurtosis | 1.94 |
Consider Enovis Corp's intraday indicators
Enovis Corp intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Enovis Corp stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 12429.26 | |||
| Daily Balance Of Power | 0.5155 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 46.71 | |||
| Day Typical Price | 46.69 | |||
| Price Action Indicator | 0.22 | |||
| Period Momentum Indicator | 0.5 |
Enovis Corp Corporate Filings
13A | 14th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
| 13th of November 2024 Other Reports | ViewVerify | |
8K | 6th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 1st of October 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
Enovis Stock media impact
Far too much social signal, news, headlines, and media speculation about Enovis Corp that are available to investors today. That information is available publicly through Enovis media outlets and privately through word of mouth or via Enovis internal channels. However, regardless of the origin, that massive amount of Enovis data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Enovis Corp news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Enovis Corp relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Enovis Corp's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Enovis Corp alpha.
Enovis Corp Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Enovis Corp can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Enovis Corp Corporate Management
| Michael Macek | VP Relations | Profile | |
| Angela Lalor | Director | Profile | |
| John Kleckner | Principal Officer | Profile | |
| Bradley Tandy | Senior Vice President General Counsel, Corporate Secretary | Profile | |
| Liam Kelly | Independent Director | Profile |
Additional Tools for Enovis Stock Analysis
When running Enovis Corp's price analysis, check to measure Enovis Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enovis Corp is operating at the current time. Most of Enovis Corp's value examination focuses on studying past and present price action to predict the probability of Enovis Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enovis Corp's price. Additionally, you may evaluate how the addition of Enovis Corp to your portfolios can decrease your overall portfolio volatility.