Enviri (NYSE:NVRI) Reaches New 1-Year High – Still a Buy?

Enviri Corporation (NYSE:NVRI) hit a new 52-week high during mid-day trading on Tuesday . The stock 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.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NVRI shares. CJS Securities raised Enviri to a “hold” rating in a research report on Thursday, December 11th. Zacks Research upgraded Enviri to a “hold” rating in a research note on Tuesday, December 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Enviri from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Enviri Trading Down 1.2%

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

Enviri (NYSE:NVRI) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.03). Enviri had a negative return on equity of 9.80% and a negative net margin of 7.42%.The business had revenue of $574.82 million during the quarter, compared to analyst estimates of $573.60 million. During the same period in the prior year, the business posted ($0.01) EPS. Enviri’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 and its Q4 2025 guidance at -0.260–0.130 EPS. Sell-side analysts predict that Enviri Corporation will post -0.13 EPS for the current year.

Insider Buying and Selling

In other Enviri news, SVP Jennifer Ott Kozak sold 9,692 shares of the business’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 sale, the senior vice president owned 8,181 shares of the company’s stock, valued at approximately $148,730.58. The trade was a 54.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enviri

Several institutional investors and hedge funds have recently made changes to their positions in NVRI. Pertento Partners LLP purchased a new stake in shares of Enviri during the third quarter valued at $43,542,000. Davidson Kempner Capital Management LP acquired a new stake in Enviri during the 3rd quarter worth about $21,367,000. Millennium Management LLC grew its stake in Enviri by 4,621.0% during the 3rd quarter. Millennium Management LLC now owns 1,347,373 shares of the company’s stock valued at $17,098,000 after purchasing an additional 1,318,833 shares during the last quarter. Angelo Gordon & CO. L.P. purchased a new stake in Enviri during the 2nd quarter valued at about $10,706,000. Finally, Scopia Capital Management LP acquired a new position in shares of Enviri in the third quarter valued at about $12,097,000. 93.43% of the stock is currently owned by institutional investors and hedge funds.

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.