Envela (ELA)

• Market cap: $193M
• 1 day: -1.72%
• 5 days: 0.27%
• 1 month: 14.31%
• 3 months: 29.22%
• 6 months: 62.23%
• Year to date: 57.75%
• 1 year: 41.79%
• 5 years: 426.95%
• 10 years: -70.56%
• Sector: Consumer Discretionary
• Industry: Jewelry Stores

About: Envela Corp and its subsidiaries engage in diverse business activities within the recommerce sector. These include re-commercializing luxury hard assets, consumer electronics and IT equipment; and end-of-life recycling solutions. It operates through two segments, Consumer, and Commercial Services. The Consumer segment which generates key revenue for the company predominantly buys to resell or recycle luxury hard assets like jewelry, diamonds, gemstones, fine watches, rare coins and related collectibles, precious-metal bullion products, gold, silver, and other precious metals. The Commercial Services segment provides asset-disposition solutions to government agencies, middle-market firms, corporations, and other organizations.

Employees: 288

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

9% more capital invested

Capital invested by funds: $6.22M [Q2] → $6.77M (+$543K) [Q3]

0.53% less ownership

Funds ownership: 5.27% [Q2] → 4.74% (-0.53%) [Q3]

18% less funds holding

Funds holding: 38 [Q2] → 31 (-7) [Q3]

34% less call options, than puts

Call options by funds: $27K | Put options by funds: $41K

64% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 11

69% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 13

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $7 6% downside
• Avg. target: $7 6% downside
• High target: $7 6% downside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Lake Street Mark Argento 75% 1-year accuracy 3 / 4 met price target

6% downside $7

Buy Maintained

6 Nov 2024