Research Analysts Issue Forecasts for Envela FY2026 Earnings

Envela Corporation (NYSEAMERICAN:ELA - Free Report) - Investment analysts at B. Riley increased their FY2026 earnings estimates for shares of Envela in a research report issued on Wednesday, August 13th. B. Riley analyst J. Van. Sinderen now anticipates that the company will post earnings of $0.40 per share for the year, up from their prior forecast of $0.39. B. Riley has a "Buy" rating and a $11.00 price objective on the stock. The consensus estimate for Envela's current full-year earnings is $0.24 per share.Separately, Lake Street Capital boosted their target price on shares of Envela from $7.00 to $9.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th.Read Our Latest Research Report on EnvelaEnvela Trading Down 1.6%ELA stock traded down $0.12 during trading on Friday, reaching $6.86. The stock had a trading volume of 5,542 shares, compared to its average volume of 28,631. Envela has a 1-year low of $4.40 and a 1-year high of $7.88. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.58 and a quick ratio of 2.36. The firm has a market capitalization of $178.02 million, a P/E ratio of 20.81 and a beta of 0.22. The company has a fifty day moving average of $5.99. Institutional Trading of EnvelaSeveral hedge funds and other institutional investors have recently bought and sold shares of ELA. Mink Brook Asset Management LLC lifted its holdings in Envela by 13.7% during the 1st quarter. Mink Brook Asset Management LLC now owns 1,299,523 shares of the company's stock valued at $8,096,000 after purchasing an additional 156,754 shares during the last quarter. Topline Capital Management LLC acquired a new position in Envela during the fourth quarter valued at approximately $5,418,000. Geode Capital Management LLC grew its holdings in Envela by 116.5% during the second quarter. Geode Capital Management LLC now owns 144,247 shares of the company's stock valued at $883,000 after purchasing an additional 77,635 shares during the period. Millennium Management LLC lifted its stake in Envela by 4.2% in the fourth quarter. Millennium Management LLC now owns 55,907 shares of the company's stock valued at $401,000 after buying an additional 2,253 shares in the last quarter. Finally, 683 Capital Management LLC bought a new position in Envela in the fourth quarter valued at approximately $386,000. 8.15% of the stock is currently owned by institutional investors and hedge funds. About Envela (Get Free Report)Envela Corporation, together with its subsidiaries, operates in the re-commerce sector in the United States. The company operates through two segments, Commercial-Services and Direct-To-Consumer. It provides end-of-life asset recycling; data destruction and IT asset management; and products, services, and solutions to industrial and commercial companies, as well as operates as a re-commerce retailers of luxury hard assets.Featured ArticlesFive stocks we like better than EnvelaDividend Capture Strategy: What You Need to KnowApplied Materials' Knee-Jerk Sell-Off Is Your Signal to BuyHealth Care Stocks Explained: Why You Might Want to InvestArista Networks: Cashing In as the Tollbooth for AI TrafficGolden Cross Stocks: Pattern, Examples and Charts Elbit Systems Jumps on Record Earnings and a $1.6B Contract This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Envela Right Now?Before you consider Envela, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Envela wasn't on the list.While Envela currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here