Enovix Corporation (NASDAQ: ENVX) is 27.80% higher on its value in year-to-date trading and has touched a low of $5.70 and a high of $23.90 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ENVX stock was last observed hovering at around $15.28 in the last trading session, with the day’s gains setting it 0.72%.
Currently trading at $16.00, the stock is 22.23% and 50.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.71 million and changing 4.71% at the moment leaves the stock 53.62% off its SMA200. ENVX registered -16.93% loss for a year compared to 6-month loss of 36.52%.
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The stock witnessed a 56.40% gain in the last 1 month and extending the period to 3 months gives it a 106.99%, and is 1.98% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.02% over the week and 8.86% over the month.
Enovix Corporation (ENVX) has around 561 employees, a market worth around $2.72B and $12.89M in sales. Profit margin for the company is -1448.90%. Distance from 52-week low is 180.70% and -33.05% from its 52-week high. The company has generated returns on investments over the last 12 months (-45.31%).
The EPS is expected to shrink by -9.66% this year.
Enovix Corporation (ENVX) Top Institutional Holders
The shares outstanding are 167.39M, and float is at 139.99M with Short Float at 30.00%.
Enovix Corporation (ENVX) Insider Activity
The most recent transaction is an insider sale by Reichow Gregory,the company’sDirector. SEC filings show that Reichow Gregory sold 7,500 shares of the company’s common stock on Jun 20 ’24 at a price of $12.14 per share for a total of $91050.0. Following the sale, the insider now owns 8129.0 shares.
Enovix Corporation disclosed in a document filed with the SEC on Apr 14 ’24 that Marathe Ajay (Chief Operating Officer) sold a total of 4,954 shares of the company’s common stock. The trade occurred on Apr 14 ’24 and was made at $7.31 per share for $36214.0. Following the transaction, the insider now directly holds 0.98 million shares of the ENVX stock.
Still, SEC filings show that on Aug 24 ’23, Talluri Rajendra K (President and CEO) acquired 1,434 shares at an average price of $13.94 for $19990.0. The insider now directly holds 2,018,901 shares of Enovix Corporation (ENVX).
