ENVA Stock Summary and Trading Ideas (Enova International | NYSE:ENVA)

Enova International Inc provides online financial services, including short-term consumer loans, line of credit accounts, and installment loans to customers mainly in the United States and the United Kingdom. Consumers apply for credit online, receive a decision almost immediately, and can receive funds within one day. Enova acts as either the lender or a third-party facilitator between borrowers and other lenders. The company earns revenue from interest income, finance charges, and other fees, including fees on the transactions between borrowers and third-party lenders. The majority of revenue comes from the United States. The company realizes similar amounts of revenue from each of its three different products: short-term loans, lines of credit, and installment loans.

Enova International trades on the NYSE stock market under the symbol ENVA.

As of April 18, 2024, ENVA stock price climbed to $59.59 with 204,551 million shares trading.

ENVA has a beta of 1.54, meaning it tends to be more sensitive to market movements. ENVA has a correlation of 0.23 to the broad based SPY ETF.

ENVA has a market cap of $1.68 billion. This is considered a Small Cap stock.

Last quarter Enova International reported $584 million in Revenue and $1.83 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.17.

In the last 3 years, ENVA stock traded as high as $64.51 and as low as $25.80.

The top ETF exchange traded funds that ENVA belongs to (by Net Assets): IJR, VTI, IWM, VXF, IJS.

ENVA has outperformed the market in the last year with a return of +28.3%, while the SPY ETF gained +22.3%. In the last 3 month period, ENVA beat the market returning +8.7%, while SPY returned +6.1%. However, in the most recent 2 weeks ENVA has underperformed the stock market by returning -5.2%, while SPY returned -3.8%.

ENVA support price is $57.82 and resistance is $60.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ENVA stock will trade within this expected range on the day.