Envela Corp (NYSEAMERICAN: ELA) stock suffered a major decline of -14.6% on 11/9/23. The shares closed at $3.34. Relative to the market the stock has been extremely weak over the last nine months and has declined -12.1% during the last week.
Current PriceTarget Research Rating
ELA is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Envela has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Envela has a good Appreciation Score of 84 but a very low Power Rating of 11, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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