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Evercore ISI Maintains a Buy on Enovis Corporation (ENOV) With a $46 PT
Enovis Corporation (NYSE:ENOV) is one of the best undervalued medical device stocks to buy now. In a report released on July 8, Vijay Kumar from Evercore ISI maintained a Buy rating on Enovis Corporation (NYSE:ENOV) and set a price target of $46.00. A patient recieving cold therapy treatment using the company's products. The company reported continued commercial momentum in fiscal Q1 2025 results, with net sales for the quarter reaching $559 million and reported an 8% growth on a reported basis and 9% rise on a comparable basis from the same quarter last year. Reconstructive sales for the quarter rose 11% year-over-year on a reported basis. Enovis Corporation's (NYSE:ENOV) fiscal Q1 2025 results show a rebound in growth in Recon, net sales for which grew 11% on a reported and comparable basis. The company also showed accelerating momentum in new product introductions and continued execution in P&R, reflecting a 5% growth on a reported basis and 7% on a comparable growth basis. Enovis Corporation (NYSE:ENOV) is a medical technology growth company that develops clinically differentiated solutions to transform workflows and generate better patient outcomes. The company operates through the Prevention & Recovery and Reconstructive segments. While we acknowledge the potential of ENOV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
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Large dinosaur mating 'dance arena' discovered in Colorado
Researchers have discovered evidence of one of the largest dinosaur mating "dance arenas" in present-day Colorado. Previous studies have identified a couple of "dinosaur lek" areas -- where male dinosaurs likely congregated to perform courtship displays for females, primarily for the purpose of finding a mate -- at Dinosaur Ridge, 20 miles west of Denver. However, using high-resolution drone photography and photogrammetry to make 3D models of the sandstone at Dinosaur Ridge, a team reexamined the area to see if there were more markings on the surface. MORE: Jurassic Park-ing lot: Dino fossil turns Denver museum into dig site What they found were dozens of lek traces tightly clustered together, suggesting the area was once a site to perform mating rituals, similar to some modern-day birds. "So, these trace fossils, we interpret them to be evidence of dinosaur courtship activities, just from kind of process of elimination," Caldwell Buntin, co-author of the study and a lecturer at Old Dominion University in Norfolk, Virginia, told ABC News. Buntin said the team ruled out that these "scrapes" were caused by dinosaurs digging for food and water, from marking their territories or from colonial nesting, which is when animals build their nests close together in groups. "Basically, these were a lot of organisms that were coming together, performing some kind of activity that would include building some kind of nest to display to a female, and then maybe doing some kind of a dance or scraping activity, which generates a lot of the scrapes around the nest display structure," Buntin said. The scrapes belong to theropod dinosaurs, characterized by hollow bones and three toes and claws on each limb, which were alive during the Cretaceous period, between 145 million and 66 million years ago. It's not clear which species made the scrapes, but they were likely three to four feet high at the hip and were between 2.5 and 5 meters (8 to 16 feet) long, from the size of an emu to the size of an ostrich, according to Buntin. MORE: New horned dinosaur species discovered 'largest and most ornate' of its kind ever found There's a "spectrum of different scrapes," according to Buntin. Some are simple, shallow toe claw marks, indicating one or two scrapes from the left and right legs. There are also longer scrapes overprinting one another, resembling a wagon rut. Additionally, there are semicircular bowl-shaped marks "associated with a step backward" with a second set of scrapes "indicating a counterclockwise or a clockwise turn." Lastly, there are deep bowl-shaped marks with some shallow toe claw marks, Buntin said. In terms of behavior, Buntin said these dinosaurs most resemble that of banded plovers, which are small shorebirds. "Basically, they will dig out a nest display, basically a fake nest, to be able to show a female that, 'Hey, I'm a strong male. I can dig this. I can make a good, strong place for you to lay your eggs,'" Buntin said. "And then when a female comes to visit, they'll perform a dance which consists of kind of bowing, bobbing, raising their wings out, creating some scratches around the sides of that display nest." The authors emphasized that the site is public, meaning anybody can visit and see the scrapes for themselves compared to other scrap sites, which are on federally protected land. "It does really make it a very, very unique site, because not only does it have this amazing like type behavior displayed, but it also is so accessible for lots of people to be able to see it and understand better about the behavior of these wonderful animals that we can see now," Neffra Matthews, study co-author and former employee of the Bureau of Land Management, told ABC News.
