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Envela Corp - ELA STOCK NEWS

Welcome to our dedicated news page for Envela (Ticker: ELA), a resource for investors and traders seeking the latest updates and insights on Envela.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Envela's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Envela's position in the market.

News
Following a Planned Succession Process, Envela Appoints John DeLuca as Chief Financial Officer
Rhea-AI Summary
Envela (NYSE American: ELA) announces the appointment of John DeLuca as the new CFO, succeeding Bret Pedersen. Pedersen, after seven years as CFO, transitions to Vice President and Strategic Advisor. DeLuca, with over 20 years of industry experience, is praised for his leadership qualities and financial expertise.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.17%
Tags
management
-
News
Envela Reports Fourth Quarter and Fiscal Year 2023 Results
Rhea-AI Summary
Envela (NYSE American:ELA) reported annual revenue of $171.7 million and earnings per diluted share of $0.27 for the full year ended December 31, 2023. Despite a decline in global bullion demand, the company showcased adaptability and profitability. Envela invested in business expansion, with plans to double store footprint by 2024, focusing on re-commerce solutions and strategic retail expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.17%
Tags
earnings
-
News
Envela to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on Wednesday, March 20, 2024
Rhea-AI Summary
Envela Corporation (ELA) to Report Q4 and Fiscal Year 2023 Financial Results on March 20, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.9%
Tags
earnings
News
Envela Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
Envela Corporation (NYSE American:ELA) reported a third-quarter revenue of $36.3 million and quarterly earnings per diluted share of $0.06. The company highlighted progress in its long-term growth strategy, including a strategic acquisition and strengthening of the management team. Despite a decrease in revenue due to the timing of recycling orders and reduced sales of lower margin goods, margins improved sequentially. Envela is focused on prudent but aggressive investment to grow its infrastructure, brand, and customer base, with the acquisition of jewelry manufacturer Steven Kretchmer, Inc. and plans to add four new stores in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.58%
Tags
earnings
-
News
Envela to Announce Third Quarter 2023 Financial Results on Wednesday, November 8, 2023
Rhea-AI Summary
Envela Corporation (NYSE American:ELA) will report its financial results for the third quarter ended September 30, 2023 on November 8, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.16%
Tags
earnings
-
News
Envela Expands Vertically with Acquisition
Rhea-AI Summary
Envela Corporation announces acquisition of Steven Kretchmer, Inc. to enhance its Consumer Division. The transaction will be funded by cash on hand. The acquisition aligns with Envela's vision to broaden customer offerings and create value for shareholders. Steven Kretchmer will continue to operate as a subsidiary within Envela's Consumer Division. The acquisition is expected to propel Envela's re-commerce growth story.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.8%
Tags
acquisition
News
Envela Hires Claudia Kretchmer to Lead Jewelry Design
Rhea-AI Summary
Envela Corporation appoints Claudia Kretchmer as Artistic Director of Jewelry for its Consumer Division, aiming for sustainable and innovative designs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.18%
Tags
management
-
News
Envela to Participate in Lake Street’s 7th Annual Best Ideas Growth (BIG7) Conference
Rhea-AI Summary
Envela Corporation to participate in Lake Street Capital Markets' 7th Annual Best Ideas Growth Conference on September 14, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
Tags
conferences
-
News
Envela to Participate in the B. Riley Securities Consumer Conference
Rhea-AI Summary
Envela Corporation to participate in B. Riley Securities Consumer Conference on September 14, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
Tags
conferences
News
Update: Envela Common Stock Repurchases
Rhea-AI Summary
Envela Corporation provides an update on its stock-repurchase program, spending over $1.3M to purchase 224,631 shares of common stock. The remaining 775,369 shares can be purchased until March 31, 2023. The repurchase program is flexible and may be suspended or discontinued at any time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
Tags
buyback
Stock ELA logo
Envela Corp

NYSE:ELA

ELA Rankings

#4159 Ranked by Market Cap
#3745 Ranked by Stock Gains
N/A Ranked by Dividends

ELA Stock Data

114.62M
6.92M
73.75%
8.57%
1.37%
Jewelry Stores
Retail Trade
Link
United States
Irving

About ELA

envela corporation, together with its subsidiaries, primarily buys and sells jewelry and bullion products to individual consumers, dealers, and institutions in the united states. it offers jewelry and fine-watch products, including bridal jewelry, fashion jewelry, custom-made jewelry, diamonds, and other gemstones, as well as watches and jewelry components. the company also buys and sells various forms of gold, silver, platinum, and palladium products, including united states and other government coins, private mint medallions, art bars, and trade unit bars; numismatic items, such as rare coins, currency, medals, tokens, and other collectibles; scrap gold, as well as provides jewelry and watches repair services. in addition, it offers end-of-life electronics recycling services; it-asset disposition services; and services to companies upgrading their software, and hardware or networking capabilities; or moving to cloud services. as of june 30, 2020, envela corporation marketed its produ