The time has not yet come to remove your chips from the table: Enfusion Inc. (ENFN)

Enfusion Inc. (NYSE: ENFN) stock jumped 1.60% on Monday to $8.87 against a previous-day closing price of $8.73. With 0.65 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.45 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $8.94 whereas the lowest price it dropped to was $8.65. The 52-week range on ENFN shows that it touched its highest point at $14.61 and its lowest point at $7.37 during that stretch. It currently has a 1-year price target of $10.14. Beta for the stock currently stands at 0.87.

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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 ENFN was up-trending over the past week, with a rise of 0.57%, but this was up by 8.44% over a month. Three-month performance dropped to -1.22% while six-month performance fell -15.12%. The stock lost -29.44% in the past year, while it has lost -8.27% so far this year. A look at the trailing 12-month EPS for ENFN yields 0.07 with Next year EPS estimates of 0.25. For the next quarter, that number is 0.04. This implies an EPS growth rate of 95.50% for this year and 62.34% for next year.

Float and Shares Shorts:

At present, 88.31 million ENFN shares are outstanding with a float of 46.30 million shares on hand for trading. On Aug 30, 2023, short shares totaled 1.28 million, which was 1.50% higher than short shares on Jul 30, 2023. In addition to Mr. Oleg Movchan as the firm’s CEO & Director, Mr. Bradley Herring serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 105.23% of ENFN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 42.92% of ENFN, in contrast to 40.31% held by mutual funds. Shares owned by individuals account for 15.61%. As the largest shareholder in ENFN with 16.67% of the stake, Iconiq Capital LLC holds 14,039,594 shares worth 14,039,594. A second-largest stockholder of ENFN, Brown Capital Management LLC, holds 9,623,950 shares, controlling over 11.43% of the firm’s shares. HHLR Advisors Ltd. is the third largest shareholder in ENFN, holding 4,975,183 shares or 5.91% stake. With a 6.55% stake in ENFN, the Brown Capital Management – Small is the largest stakeholder. A total of 5,517,481 shares are owned by the mutual fund manager. The Janus Henderson Venture Fund, which owns about 1.61% of ENFN stock, is the second-largest Mutual Fund holder. It holds 1,356,018 shares valued at 11.58 million. Vanguard Total Stock Market ETF holds 1.27% of the stake in ENFN, owning 1,069,947 shares worth 9.14 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, ENFN reported revenue of $36.54M and operating income of -$3.91M. The EBITDA in the recently reported quarter was -$3.90M and diluted EPS was -$0.03.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ENFN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ENFN analysts setting a high price target of $14.00 and a low target of $8.00, the average target price over the next 12 months is $10.43. Based on these targets, ENFN could surge 57.84% to reach the target high and fall by -9.81% to reach the target low. Reaching the average price target will result in a growth of 17.59% 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.

Summary of Insider Activity:

Insiders traded ENFN stock several times over the past three months with 21 Buys and 12 Sells. In these transactions, 1,156,922 shares were bought while 1,037,597 shares were sold. The number of buy transactions has increased to 59 while that of sell transactions has risen to 47 over the past year. The total number of shares bought during that period was 7,977,759 while 5,202,914 shares were sold.

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