It is Poised to be a Bull Market for Envestnet Inc. (ENV)

With 0.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.49 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $64.97 whereas the lowest price it dropped to was $61.5901. The 52-week range on ENV shows that it touched its highest point at $68.83 and its lowest point at $33.12 during that stretch. It currently has a 1-year price target of $61.62. Beta for the stock currently stands at 1.26.

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 ENV was up-trending over the past week, with a rise of 5.42%, but this was up by 14.42% over a month. Three-month performance surged to 27.08% while six-month performance rose 46.47%. The stock lost -4.96% in the past year, while it has gained 25.65% so far this year. A look at the trailing 12-month EPS for ENV yields -4.38 with Next year EPS estimates of 3.11. For the next quarter, that number is 0.55. This implies an EPS growth rate of 23.76% for this year and 18.63% for next year.

Float and Shares Shorts:

At present, 54.77 million ENV shares are outstanding with a float of 54.20 million shares on hand for trading. On 2024-03-28, short shares totaled 4.4 million, which was 799.0 higher than short shares on 1709164800. In addition to Mr. James Lawrence Fox as the firm’s Interim CEO & Chairman, Mr. Joshua B. Warren serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 1.0830001 of ENV’s outstanding shares, institutional investors have minority control over the company.

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 2023-12-31, ENV reported revenue of $317632000.0 and operating income of $13105000.0. The EBITDA in the recently reported quarter was -$154100000.0 and diluted EPS was -$3.35.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ENV 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.