Enviri (NYSE:NVRI) Hits New 52-Week High – What’s Next?

Enviri Corporation (NYSE:NVRI) hit a new 52-week high on Tuesday . The stock traded as high as $20.00 and last traded at $19.95, with a volume of 2567544 shares. The stock had previously closed at $19.60.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NVRI shares. Lake Street Capital reissued a “buy” rating and issued a $25.00 price target on shares of Enviri in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Enviri in a report on Tuesday, April 21st. Finally, BMO Capital Markets lifted their target price on Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $22.25.

Enviri Stock Performance

The firm has a 50-day moving average of $19.21 and a two-hundred day moving average of $18.24. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 5.66. The company has a market capitalization of $1.64 billion, a PE ratio of -9.55 and a beta of 1.59.

Enviri (NYSE:NVRI) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.36. The company had revenue of $549.80 million during the quarter, compared to analysts’ expectations of $465.37 million. Enviri had a negative return on equity of 8.59% and a negative net margin of 7.50%.Enviri’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the business earned ($0.18) earnings per share. Research analysts anticipate that Enviri Corporation will post -0.45 EPS for the current year.

Enviri Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, June 1st. Investors of record on Friday, January 1st will be given a dividend of $15.00 per share. The ex-dividend date is Monday, June 1st.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. AlphaQuest LLC increased its position in shares of Enviri by 1,077.5% in the third quarter. AlphaQuest LLC now owns 102,243 shares of the company’s stock valued at $1,297,000 after buying an additional 93,560 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Enviri by 121.9% in the third quarter. JPMorgan Chase & Co. now owns 162,450 shares of the company’s stock valued at $2,061,000 after buying an additional 89,227 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Enviri in the fourth quarter valued at approximately $11,514,000. Pertento Partners LLP purchased a new stake in shares of Enviri in the third quarter valued at approximately $43,542,000. Finally, Clearline Capital LP purchased a new stake in shares of Enviri in the third quarter valued at approximately $1,194,000. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

About Enviri

Enviri Inc (NYSE: NVRI) is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.

Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.