Enhanced Group (NYSE:ENHA) Releases Earnings Results

Enhanced Group (NYSE:ENHA) released its earnings results on Thursday. The company reported ($0.44) earnings per share for the quarter, Zacks reports.

Enhanced Group Stock Down 12.1%

NYSE:ENHA traded down $0.27 on Thursday, reaching $1.97. 1,732,224 shares of the company’s stock were exchanged, compared to its average volume of 606,633. The company has a fifty day moving average of $3.05. Enhanced Group has a 52 week low of $1.93 and a 52 week high of $14.00.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ENHA shares. Canaccord Genuity Group reiterated a “buy” rating on shares of Enhanced Group in a research note on Tuesday, June 16th. Wall Street Zen downgraded Enhanced Group to a “strong sell” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings upgraded Enhanced Group from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.00.

About Enhanced Group

We are a blank check company incorporated in the British Virgin Islands as a business company with limited liability and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.