Enviri (NYSE:NVRI) Hits New 12-Month High – Here’s What Happened

Enviri Corporation (NYSE:NVRI)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $19.42 and last traded at $19.2150, with a volume of 56676 shares changing hands. The stock had previously closed at $19.26.

Analysts Set New Price Targets

NVRI has been the topic of several analyst reports. Wall Street Zen raised Enviri from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. CJS Securities upgraded Enviri to a “hold” rating in a report on Thursday, December 11th. Zacks Research upgraded Enviri to a “hold” rating in a report on Tuesday, December 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Enviri Stock Performance

The firm has a market cap of $1.53 billion, a PE ratio of -9.17 and a beta of 1.78. The business has a 50 day simple moving average of $18.32 and a two-hundred day simple moving average of $13.95. The company has a quick ratio of 0.90, a current ratio of 1.20 and a debt-to-equity ratio of 3.71.

Enviri (NYSE:NVRI) last issued its 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). The company had revenue of $574.82 million for the quarter, compared to analysts’ expectations of $573.60 million. Enviri had a negative net margin of 7.42% and a negative return on equity of 9.80%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) earnings per share. Enviri has set its FY 2025 guidance at -0.740–0.620 EPS and its Q4 2025 guidance at -0.260–0.130 EPS. As a group, equities research analysts forecast that Enviri Corporation will post -0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Jennifer Ott Kozak sold 9,692 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $18.18, for a total transaction of $176,200.56. Following the transaction, the senior vice president directly owned 8,181 shares of the company’s stock, valued at approximately $148,730.58. This trade represents a 54.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NVRI. AlphaQuest LLC raised its holdings in shares of Enviri by 1,077.5% in the 3rd quarter. AlphaQuest LLC now owns 102,243 shares of the company’s stock valued at $1,297,000 after purchasing an additional 93,560 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Enviri during the second quarter valued at approximately $166,000. 1060 Capital LLC purchased a new position in Enviri during the second quarter valued at approximately $5,604,000. XTX Topco Ltd purchased a new position in Enviri during the second quarter valued at approximately $860,000. Finally, State of Alaska Department of Revenue raised its stake in Enviri by 7.7% in the second quarter. State of Alaska Department of Revenue now owns 47,902 shares of the company’s stock worth $415,000 after buying an additional 3,434 shares in the last quarter. Institutional investors own 93.43% of the company’s stock.

About Enviri

Enviri Inc (NYSE: NVRI) is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.

Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.