Wall Street analysts’ outlook for Enveric Biosciences Inc. (ENVB)

Enveric Biosciences Inc. (NASDAQ: ENVB) stock fell -34.20% on Friday to $8.62 against a previous-day closing price of $13.10. With 4.01 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.18 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $12.19 whereas the lowest price it dropped to was $8.26. The 52-week range on ENVB shows that it touched its highest point at $187.00 and its lowest point at $5.90 during that stretch. It currently has a 1-year price target of $32.50. Beta for the stock currently stands at 1.39.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ENVB was up-trending over the past week, with a rise of 32.82%, but this was down by -17.75% over a month. Three-month performance dropped to -31.40% while six-month performance fell -74.03%. The stock lost -90.83% in the past year, while it has lost -81.46% so far this year. A look at the trailing 12-month EPS for ENVB yields -76.19 with Next year EPS estimates of -14.00. For the next quarter, that number is -3.83. This implies an EPS growth rate of -73.80% for this year and -2.00% for next year.

Float and Shares Shorts:

On Jul 14, 2022, short shares totaled 64629.99999999999, which was 6.13% higher than short shares on Jun 14, 2022. In addition to Mr. David Ian Johnson as the firm’s Exec. Chairman, Dr. Joseph Edward Tucker Ph.D. serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 21.51% of ENVB’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of ENVB, in contrast to — held by mutual funds. Shares owned by individuals account for –.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ENVB since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ENVB analysts setting a high price target of $62.50 and a low target of $25.00, the average target price over the next 12 months is $43.75. Based on these targets, ENVB could surge 625.06% to reach the target high and rise by 190.02% to reach the target low. Reaching the average price target will result in a growth of 407.54% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ENVB will report FY 2022 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of -$15.00 being high and -$18.00 being low. For ENVB, this leads to a yearly average estimate of -$16.50. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Enveric Biosciences Inc. surprised analysts by -$0.50 when it reported -$4.50 EPS against a consensus estimate of -$4.00. The surprise factor in the prior quarter was -$7.50. Based on analyst estimates, the high estimate for the next quarter is -$3.00 and the low estimate is -$4.50. The average estimate for the next quarter is thus -$3.75.

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