Lake Street analyst Mark Argento maintained a Buy rating on Envela (ELA – Research Report) today and set a price target of $6.00. The company’s shares closed yesterday at $4.51.
According to TipRanks, Argento is a 4-star analyst with an average return of 13.7% and a 43.59% success rate.
Currently, the analyst consensus on Envela is a Moderate Buy with an average price target of $6.00.
ELA market cap is currently $118.5M and has a P/E ratio of 16.93.
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Envela (ELA) Company Description:
Envela Corp. buys and sells all kinds of jewelries including diamonds, fine watches, rare coins and currency, precious metal bullion products, scrap gold, silver, platinum, palladium, collectibles, and other valuables. It offers its products through retail and wholesale stores, and e-commerce sites. The company was founded on September 16, 1965 and is headquartered in Dallas, TX.
