Extremely important positive changes in investment behavior have recently occurred for Enova International Inc (NYSE: ENVA): its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ENVA is expected to continue to be an important Value Builder.
Enova International has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Enova International has a neutral Power Rating of 53 but a very high Appreciation Score of 87, triggering the Positive Value Trend Rating.
Recent Price Action
Enova International Inc (NYSE: ENVA) stock increased 1.2% on 12/15/23. The shares closed at $54.06. Moreover, this advance was accompanied by exceptionally high trading volume at 304% of normal. Relative to the market the stock has been strong over the last nine months and has risen 14.4% during the last week.
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