How Worried Should Investors Be About Enfusion Inc (NYSE: ENFN)’

Enfusion Inc (NYSE:ENFN) does about 423.42K shares in volume on a normal day but saw 816856 shares change hands in Tuesday’s trading. The company now has a market cap of 851.09M USD. Its current market price is $9.26, marking an increase of 1.20% compared to the previous close of $9.15. The 52 week high reached by this stock is $11.56 whilst the lowest price level in 52 weeks is $7.37.

Enfusion Inc (ENFN) has a 20-day trading average at $9.39 and the current price is -19.92% off the 52-week high compared with 25.64% distance from its 52-week low. The 50-day simple moving average of the closing price is $9.24 and its 200-day simple moving average is $9.07. If we look at the stock’s price movements over the week, volatility stands at 4.54%, which decreases to 2.82% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 47.10 to suggest the stock is neutral.

The consensus objective for the share price is $9.82, suggesting that the stock has a potential upside of 5.7% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 10, 2024 when Morgan Stanley resumed the stock to “Overweight” and issued a price target of $11. Goldman downgraded the stock to “Sell” from Neutral on February 28, 2024 at a price target of $9-$8. JP Morgan downgraded its price target at $11-$9.

Enfusion Inc (ENFN) stock is down -4.83% over the week and 1.09% over the past month. Its price is -4.54% year-to-date and 14.75% over the past year.

To reach the target analysts have set, the stock logically needs to grow 5.7 percent from here.

The company has a return on investment of 3.71% and return on equity of 4.20%. The price to earnings ratio (P/E ratio) amounts to 458.42 while the forward price to earnings ratio is 27.56. The beta has a value of 0.96. Price to book ratio is 14.34 and price to sales ratio is 4.69.