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How to Buy Enova International Stock

Enova International Inc

Enova International is a credit service company located in Illinois, United States, which is part of the Financial Services sector, and is traded under the ticker ENVA on the NYSE exchange.

Enova International stock last closed at $59.90, up 1.56% from the previous day, and has increased 30.76% in one year. It has overperformed other stocks in the Credit Services industry by 0.1 percentage points. Enova International stock is currently +69.69% from its 52-week low of $35.30, and -7.85% from its 52-week high of $65.00.

At the moment, there are 27.12M shares of ENVA outstanding. The market capitalization of ENVA is $1.62B. In the past 24 hours, 155,439 ENVA shares were traded.

How to Buy Enova International Stock

Not sure how to invest in Enova International stock? Here's how.
  1. Figure out where to buy Enova International stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you decide where to buy Enova International stock.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit funds into your brokerage account: Pick your payment method and add your details.
  4. Research Enova International stock: The Enova International ticker symbol is ENVA. Is Enova International stock a good investment? Should you buy shares of ENVA? How do ENVA's underlying business fundamentals look? Do top analysts think Enova International is a good buy? Why has ENVA's stock price moved recently? (Hint: Our stock market research tools can help you understand if ENVA is a good stock to buy).
  5. Execute your ENVA buy order: Decide if you will purchase ENVA shares at the current market price or use a limit order to buy ENVA shares at a given price.
  6. Get the latest news on your investment in ENVA: Create a watchlist to get the latest news on your position in Enova International stock.

Step 1: Figure out where to buy Enova International stock

You need a brokerage account in order to access the NYSE market and buy ENVA shares.

A brokerage account is an investment account that allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've chosen the right brokerage, it's time to fill out some personal information so you can buy ENVA today.

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Step 3: Deposit funds into your brokerage account

Now that you've opened your account on the best stock app for beginners, your next step is to transfer the money for your investment:

Check out this video walkthrough if you need help depositing funds into your investment account.

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Step 4: Research Enova International stock

Once you have chosen the best place to buy Enova International stock, it's very important to evaluate their stock prior to buying, so you truly wrap your head around the risk and opportunity.

Enova International shares quick numbers

ENVA Price
$59.90
1w %
-3.64%
1y %
30.76%
5y %
162.72%
P/E
10.33x
P/B
1.41x
P/S
1.31x
PEG
0.69x
Revenue
$1.29B
Earnings
$172.63M
Fore. Rev. Growth
101.61%
Fore. Earn. Growth
N/A
Market Cap
$1.62B
Next Earnings
Jul 23, 2024
Next Dividend
N/A

ENVA Due Diligence Checks

WallStreetZen was built to help average investors perform more accurate fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on ENVA's stock page.

What is the fair value of ENVA stock?

You can use many financial metrics, analyses, models, and charts to gauge ENVA's fair value.

Using relative valuations metrics:

  • ENVA may be undervalued based on its P/E ratio of 10.33x, relative to Credit Services industry P/E ratio of 26.92x
  • ENVA may be undervalued based on its P/B ratio of 1.41x, relative to Credit Services industry P/B ratio of 4.88x
  • ENVA may be undervalued based on its PEG ratio of 0.69x

You can do more valuation research on ENVA's stock here.

ENVA Financial Health

Passed Health Checks:

  • ENVA's operating cash flow of $1.23B allows it to safely service it's debt of $3.07B.

Failed Health Checks:

  • ENVA earnings of $443.32M is not enough to cover its interest payments.
  • ENVA profit margin has gone down from 18.1% to 13.4% in the past year.
  • ENVA has a relatively high debt to equity ratio of 3.03.
  • Total ENVA debt is higher than 5 years ago, relative to shareholder equity.

Is it a good time to buy ENVA stock, according to analysts?

Out of 4 Equities analysts who give recommendations on ENVA, the consensus analyst rating on ENVA is a Strong Buy

Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.

You can dive deeper into what analysts are saying on the Enova International stock forecast page.

ENVA Trading Indicators

SMA10
61.14
SMA20
61.56
SMA50
61.52
SMA100
59.81
SMA200
53.74
MACD
-0.39
MACD Signal
-0.06
MACD Histogram
-0.34
RSI
42.99
Stochastic %K
14.72
Stochastic %D
13.41
StochRSI %K
9.25
StochRSI %D
4.42

How are ENVA Revenues/Earnings doing?

Last year, ENVA earnings were $172.63M. Over the last five year, ENVA's earnings have gone up by 20.43% per year. This was faster than the Credit Services industry average of 11.79%.

Last year, ENVA revenue was $1.29B. Over the past five year, ENVA's revenue has grown by 5.59% per year. This was slower than the Credit Services industry average of 10.09%.

Dig into ENVA's earnings and revenue performance here.

Are ENVA insiders buying or selling the stock?

Over the past 12 months, insiders at ENVA have sold more shares than they have bought.

Kirk Chartier, Chief Strategy Officer of ENVA, was the latest ENVA insider to sell. They sold $630,633.57 worth of ENVA shares on May 22, 2024.

Get more info about who owns ENVA stock here.

Does ENVA provide a stable income stream?

No, Enova International doesn't provide an income stream by paying out dividends.

ENVA Social Trading Data

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Step 5: Execute your ENVA buy order

You have two primary order types:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are mostly fine for most investors.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a particular price, use a limit order.

Click the Open Trade button and your broker will execute the order.

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Step 6: Get the latest news on your investment in ENVA

Now that you own some shares in ENVA, you'll want to stay up-to-date on your new stock purchase.

Put ENVA on a watchlist to keep track of your ENVA stock.

ENVA Feed

How to Buy Stock in Enova International

To summarize, here are the 6 steps you need to take to buy Enova International stock right now:

  1. Figure out where to buy Enova International stock
  2. Create your brokerage account
  3. Deposit funds into your brokerage account
  4. Research Enova International stock
  5. Execute your ENVA buy order
  6. Get the latest news on your investment in ENVA

If you need a brokerage, eToro is our recommended option.

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If you would like to watch your new investment in Enova International, click below.

NYSE: ENVA
$59.90+0.92 (+1.56%)
Updated May 24, 2024
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NYSE: ENVA
$59.90+0.92 (+1.56%)
Updated May 24, 2024
Open eToro Account

FAQ

How much does it cost to buy one Enova International share?

As of May 24, 2024, it costs $59.90 to buy one share of Enova International stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.167 shares of ENVA.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Enova International stock?

According to 4 Wall Street analysts who monitor Enova International, their consensus recommendation is to buy Enova International stock.

What is the best way to buy Enova International stock?

One way to place an order for Enova International stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.