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Enova International, Inc.
ENVA Details
Enova International, Inc. (NYSE: ENVA) is a technology and analytics company that uses artificial intelligence and machine learning to provide online financial services. Its services consist of installment loans, line of credit accounts, receivables purchase agreements, income share agreements, credit access business (CSO) and bank programs. As of November 24, 2021, the company's market capitalization stood at USD 1.46 billion.
Latest News:
Q3FY21 Results:
Key Risks:
Valuation Methodology: Price/Earnings Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
ENVA Daily Technical Chart (Source: REFINITIV)
Stock Recommendation:
ENVA's stock price has surged 81.95% in the past twelve months and is leaning towards the higher end of its 52-week range of USD 20.81 to USD 43.47. The stock is trading above its 50 and 200 DMA levels, and its RSI Index is at 59.01. We have valued the stock using the Price/Earnings multiple-based relative valuation methodology and arrived at a target price of USD 36.80.
Considering the significant uptick in the stock price and technical indicators, we believe the decent business fundamentals are adequately reflected at trading levels. Hence, we recommend a "Sell" rating on the stock at the closing price of USD 40.12, up 0.22% as of November 24, 2021.
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.