Enviri (NYSE:NVRI) Reaches New 52-Week High – Here’s Why

Enviri Corporation (NYSE:NVRI)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $13.63 and last traded at $13.4690, with a volume of 487689 shares changing hands. The stock had previously closed at $12.67.

Wall Street Analyst Weigh In

NVRI has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a report on Wednesday, October 8th. Wall Street Zen downgraded Enviri from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Enviri Stock Performance

The company has a market cap of $1.07 billion, a P/E ratio of -6.73 and a beta of 1.92. The stock has a fifty day moving average price of $12.24 and a two-hundred day moving average price of $9.93. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.19 and a quick ratio of 0.88.

Enviri (NYSE:NVRI) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). Enviri had a negative return on equity of 7.86% and a negative net margin of 7.02%.The business had revenue of $574.82 million for the quarter, compared to analyst estimates of $573.60 million. During the same quarter last year, the firm posted ($0.01) EPS. The company’s revenue was up .2% compared to the same quarter last year. Enviri has set its FY 2025 guidance at -0.740–0.620 EPS. Q4 2025 guidance at -0.260–0.130 EPS. On average, equities analysts forecast that Enviri Corporation will post -0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Amalgamated Bank grew its stake in Enviri by 3.6% during the 3rd quarter. Amalgamated Bank now owns 23,636 shares of the company’s stock valued at $300,000 after acquiring an additional 825 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Enviri by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 238,076 shares of the company’s stock valued at $2,066,000 after buying an additional 1,150 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Enviri by 7.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,667 shares of the company’s stock worth $179,000 after acquiring an additional 1,490 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Enviri by 14.0% during the second quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock valued at $110,000 after purchasing an additional 1,554 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Enviri by 10.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,548 shares of the company’s stock valued at $195,000 after purchasing an additional 1,555 shares in the last quarter. Institutional investors own 93.43% of the company’s stock.

About Enviri

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.