Envela Corporation (ELA)
AMEX AMEX Primary Summary
Envela Corporation (ELA) Hits Fresh High: Is There Still Room to Run?
Envela (ELA) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Envela: A Bit Pricier Now, But Earnings Beats Keep Me Optimistic
Envela delivered a standout Q3, with revenue up 21% YoY and strong growth in both Consumer and Commercial segments. ELA's Consumer division remains the main growth engine, benefiting from high precious metals prices and defensive consumer behavior. Despite the stock's significant rally, ELA is now close to fair value, but I maintain a 'Buy' rating with increased caution due to higher expectations.
Envela (ELA) Moves 8.6% Higher: Will This Strength Last?
Envela (ELA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
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Envela Corporation Profile
| Textiles, Apparel & Luxury Goods Industry | Consumer Discretionary Sector | John Richardson Loftus CEO | AMEX Exchange | 29402E102 CUSIP |
| US Country | 309 Employees | - Last Dividend | - Last Split | 19 Mar 1992 IPO Date |
Overview
Envela Corporation operates through its subsidiaries, engaging primarily in the purchasing and selling of jewelry and bullion products. The company caters to individual consumers, dealers, Fortune 500 companies, municipalities, school districts, and other organizations within the United States. Initially known as DGSE Companies, Inc., it underwent a name change to Envela Corporation in December 2019. Founded in 1965 and with its headquarters located in Irving, Texas, Envela markets its products and services through a combination of brick-and-mortar retail locations and online platforms.
Products and Services
- Jewelry and Fine-Watch Products: Envela offers an array of jewelry and watch products, including bridal and fashion jewelry, custom-made pieces, diamonds, other gemstones, watches, and jewelry components. This division caters to consumers looking for high-quality options for special occasions, gifts, or personal collections.
- Bullion Products: The company trades in gold, silver, platinum, and palladium products. These range from government-issued and other coins to private mint medallions, art bars, and trade unit bars, appealing to investors and collectors alike.
- Numismatic Items: Envela deals in rare coins, currency, medals, tokens, and other collectibles. This service is designed for collectors interested in numismatic history and value.
- Repair Services: Offering repair services for jewelry and watches, Envela caters to customers needing maintenance or restoration of their valuable pieces.
- Electronics Recycling and IT-Asset Disposition: These services include end-of-life electronics recycling, disposal transportation, product tracking, compliance, data sanitization services, software upgrades, hardware or networking enhancements, and transitions to cloud services. Targeted at businesses, these services help in environmentally responsible recycling and secure disposition of IT assets.
Envela Corporation leverages a blend of six retail locations operating under the Dallas Gold & Silver Exchange brand and one location under the Charleston Gold & Diamond Exchange brand, along with several e-commerce sites such as cgdeinc.com, dgse.com, echoenvironmental.com, ITADUSA.com, availrecovery.com, and teladvance.com, to market its broad spectrum of products and services.
Contact Information
