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 $55.10, down 1.9% from the previous day, and has decreased 4.19% in one year. It has underperformed other stocks in the Specialty Industrial Machinery industry by 0.35 percentage points. Enovis stock is currently +28.02% from its 52-week low of $43.04, and -16.69% from its 52-week high of $66.14.
There are currently 54.62M ENOV shares outstanding. The market capitalization of ENOV is $3.01B. In the past 24 hours, 351,199 ENOV shares were traded.
How to Buy Enovis Stock
Wondering how to invest in Enovis stock? Here's how.
- Decide where to buy Enovis stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you figure out where to buy Enovis stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Pick your payment method and add your information.
- 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 website can help you decide if ENOV is a good stock to buy).
- 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 particular price.
- Get notifications regarding your ENOV position: Create a watchlist to get the latest news on your new investment in Enovis stock.
Step 1: Decide where to buy Enovis stock
You will need a brokerage account in order to access the NYSE market and buy ENOV shares.
Our preferred brokerage: eToro
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Get $10 towards your stock purchase by opening an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal info so you can invest in ENOV stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to create a new brokerage account.
- Send your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have opened your account on apps for stocks, you can securely and quickly fund your account:
Watch the tutorial below if you need help depositing money into your brokerage account.
Step 4: Evaluate Enovis stock
Once you have decided on the best place to buy Enovis stock, it's very important to research their stock before you invest, so you actually understand the risk as well as the upside.
Overview of key ENOV info
Enovis Overview
WallStreetZen was created to help part-time investors do more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on ENOV's stock page.
How is ENOV stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge ENOV's true value.
Using relative valuations measures:
- ENOV could be undervalued based on its P/B ratio of 0.88x, relative to Specialty Industrial Machinery industry P/B ratio of 4.95x
You can access more valuation research on ENOV's stock here.
A quick look at ENOV Financials
Signs that ENOV is financially healthy:
- There are more short-term assets than short-term liabilities on the ENOV balance sheet.
- There are more short-term assets than long-term liabilities on the ENOV balance sheet.
- Total ENOV debt is lower than 5 years ago, relative to shareholder equity.
- ENOV has a low debt to equity ratio of 0.32.
- ENOV's operating cash flow of $134.99M allows it to safely service it's debt of $514.85M.
Signs that ENOV is not financially healthy:
- ENOV profit margin has gone down from -0.9% to -1.9% in the past year.
- ENOV earnings of -$26.80M is not sufficient to cover its interest payments.
Is Enovis stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 6 Equities analysts who give recommendations on ENOV, the consensus analyst rating on ENOV is a Strong Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest ENOV Analyst Recommendations
Kyle Rose, a top 10% analyst from Canaccord Genuity maintains ENOV with a strong buy rating and raises their ENOV price target from $65.00 to $71.00, on Dec 20, 2023.
Canaccord Genuity's Kyle Rose raised their price target on Enovis (NYSE: ENOV) by 9.2% from $65 to $71 on 2023/12/20. The analyst maintained their Strong Buy rating on the stock.
In a year-end review of names in their Healthcare (Medical Devices, Instruments, and Supplies) portfolio, Rose said they hiked their price target after "Canaccord Genuity updated its model following Enovis's (2023/11/07-released) Q3 2023 earnings report in which management raised its FY 2023 guidance."
You can dive deeper into what analysts are saying on the Enovis stock forecast page.
ENOV Trading Indicators
How are ENOV Revenues/Earnings doing?
Last year, ENOV revenue was $1.71B. Over the past five year, ENOV's revenue has gone up by -4.89% per year. This was slower than the Specialty Industrial Machinery industry average of 3.95%.
Dive into ENOV's earnings and revenue performance here.
Latest Insiders Trades at ENOV
Over the past year, insiders at ENOV have sold more shares than they have bought.
Patricia A. Lang, SVP Chief HR Officer of ENOV, was the latest ENOV insider to sell. They sold $44,401.12 worth of ENOV shares on Mar 6, 2024.
Learn more about who owns ENOV stock here.
Does ENOV stock generate passive income?
No, Enovis doesn't provide an income stream by paying out dividends.
Get opinions from other traders
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Place your ENOV trade
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount, use a limit order.
Press the Open Trade button and eToro will place the order.
If you require additional assistance investing in stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your ENOV position
Now that you own some ENOV shares, you'll want to keep up with your company.
Start a watchlist to track the most important metrics related to your ENOV stock.
ENOV Feed
How to Buy Stock in Enovis
To reiterate, here are the 6 steps you need to take to buy Enovis stock right now:
- Decide where to buy Enovis stock
- Sign up for your brokerage account
- Put funds into your investment account
- Evaluate Enovis stock
- Place your ENOV trade
- Get notifications regarding your ENOV position
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to watch your new investment in Enovis, create a watchlist on WallStreetZen today.
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