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How to Buy Enovis Stock

Enovis Corp

Enovis is a specialty industrial machinery company located in Maryland, United States, which is part of the Industrials sector, and is traded under the ticker ENOV on the NYSE exchange.

Enovis stock last closed at $46.03, up 0.77% from the previous day, and has decreased 29.77% in one year. It has underperformed other stocks in the Specialty Industrial Machinery industry by 0.43 percentage points. Enovis stock is currently +6.95% from its 52-week low of $43.04, and -30.41% from its 52-week high of $66.14.

At the moment, there are 54.85M shares of ENOV outstanding. The market capitalization of ENOV is $2.52B. In the last 24 hours, 571,696 ENOV shares were traded.

How to Buy Enovis Stock

Not sure how to invest in Enovis stock? Here's how.
  1. Decide where to buy Enovis stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Enovis stock.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Put funds into your investment account: Choose your method of payment and add your details.
  4. Evaluate Enovis stock: The Enovis ticker symbol is ENOV. Is Enovis stock a good investment? Should you buy shares of ENOV? How do ENOV's underlying business fundamentals look? Do top analysts think Enovis is a good buy? Why has ENOV's stock price moved recently? (Hint: Our stock research tools can help you understand if ENOV is a good stock to buy).
  5. Place your ENOV trade: Decide if you will purchase ENOV shares at the current market price or use a limit order to buy ENOV shares at a given price.
  6. Get notifications regarding your ENOV position: Create a watchlist to keep tabs on your new investment in Enovis shares.

Step 1: Decide where to buy Enovis stock

You need an online brokerage account in order to access the NYSE market and buy ENOV shares.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've picked the best brokerage, you'll need to fill out some personal information so you are able to invest in ENOV today.

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  2. Enter your personal info to open your new brokerage account.
  1. Submit your information by clicking the "Create Account" button.
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Step 3: Put funds into your investment account

Now that you have created your account on the best stock app, you can securely and quickly fund your account:

Check out the video below to see the process of depositing money into your new brokerage account.

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Step 4: Evaluate Enovis stock

After you have figured out the best place to buy Enovis stock, it's important to research their stock prior to buying, so you can wrap your head around the risk and opportunity.

Enovis quick stats

ENOV Price
$46.03
1w %
2.65%
1y %
-29.77%
5y %
-43.47%
P/E
-30.89x
P/B
0.76x
P/S
1.39x
PEG
N/A
Revenue
$1.82B
Earnings
-$81.91M
Fore. Rev. Growth
11.9%
Fore. Earn. Growth
N/A
Market Cap
$2.52B
Next Earnings
Aug 1, 2024
Next Dividend
N/A

ENOV Fundamentals

WallStreetZen was built to help everyday investors do more in-depth fundamental analysis.

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

Is ENOV stock undervalued or overvalued?

Investors use many financial metrics, analyses, models, and charts to gauge ENOV's true value.

Using relative valuations ratios:

  • ENOV could be undervalued based on its P/B ratio of 0.76x, relative to Specialty Industrial Machinery industry P/B ratio of 5.16x

You can do more valuation analysis on ENOV's stock here.

How do ENOV Financials look?

Signs that ENOV is financially healthy:

  • There are more short-term assets than short-term liabilities on the ENOV balance sheet.
  • Total ENOV debt is lower than 5 years ago, relative to shareholder equity.
  • ENOV has cash burn of 4762000. It has sufficient cash and short-term investments to cover this for at least one year.
  • ENOV has $66.27M in cash and short term investments. This is sufficient to cover its annual cash burn of $4.76M.

Signs that ENOV is not financially healthy:

  • ENOV has a relatively high debt to equity ratio of 0.66.
  • There are more long-term liabilities than short-term assets on the ENOV balance sheet.
  • ENOV profit margin has gone down from -3.2% to -4.5% in the past year.

Is ENOV stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 7 Equities analysts who monitor ENOV, the consensus analyst rating on Enovis is a Strong Buy

It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.

Most Recent ENOV Analyst Upgrades/Downgrades

George Sellers, a bottom 4% analyst from Stephens & Co. initiates coverage on ENOV with a strong buy rating and announces their ENOV price target of $72.00, on Feb 13, 2024.

Danielle Antalffy, a bottom 3% analyst from UBS initiates coverage on ENOV with a strong buy rating and announces their ENOV price target of $75.00, on Jan 22, 2024.

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

ENOV Technical Indicators

SMA10
44.72
SMA20
44.81
SMA50
47.97
SMA100
53.82
SMA200
53.36
MACD
-0.88
MACD Signal
-1.25
MACD Histogram
0.37
RSI
50.88
Stochastic %K
62.98
Stochastic %D
39.82
StochRSI %K
82.68
StochRSI %D
67.27

ENOV Earnings

Last year, ENOV revenue was $1.82B. In the last five year, ENOV's revenue has gone up by -4.96% per year. This was slower than the Specialty Industrial Machinery industry average of 4.27%.

Find out more about ENOV's earnings and revenue performance here.

Latest Insiders Trades at ENOV

In the last 12 months, executives and large shareholders at ENOV have sold more shares than they have bought.

Phillip Benjamin Ben Berry, SVP Chief Financial Officer of ENOV, was the latest ENOV insider to sell. They sold $31,519.29 worth of ENOV stock on Jun 3, 2024.

Dig into more about who owns ENOV stock here.

Can I rely on ENOV as an income stream?

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

Get opinions from other traders

One of the primary reasons eToro is our favorite brokerage is because of its social trading community.

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Step 5: Place your ENOV trade

You have two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    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 make sure you're buying or selling at a specific price, place a limit order.

Click the Open button and eToro will place the order.

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Step 6: Get notifications regarding your ENOV position

Now that you own some ENOV stock, you'll want to keep up with your investment.

Add ENOV to a watchlist to keep track of your ENOV stock.

ENOV Feed

How to Buy Stock in Enovis

To reiterate, here are the 6 steps for buying Enovis stock:

  1. Decide where to buy Enovis stock
  2. Sign up for your brokerage account
  3. Put funds into your investment account
  4. Evaluate Enovis stock
  5. Place your ENOV trade
  6. Get notifications regarding your ENOV position

If you are looking for a brokerage account, eToro is our favorite option.

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.

If you want to watch your new investment in Enovis, add ENOV to your watchlist below.

NYSE: ENOV
$46.03+0.35 (+0.77%)
Updated Jul 12, 2024
Open eToro Account
NYSE: ENOV
$46.03+0.35 (+0.77%)
Updated Jul 12, 2024
Open eToro Account

FAQ

How much does it cost to buy one Enovis share?

As of Jul 12, 2024, it costs $46.03 to buy one share of Enovis 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 0.217 shares of ENOV.

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 Enovis stock?

According to 7 Wall Street analysts who monitor Enovis, their consensus recommendation is to buy Enovis stock.

What is the best way to buy Enovis stock?

One way to place an order for Enovis 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.