Enovix Corporation (NASDAQ: ENVX) is -3.27% lower on its value in year-to-date trading and has touched a low of $5.70 and a high of $18.68 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ENVX stock was last observed hovering at around $11.88 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $12.11, the stock is 31.41% and 19.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.38 million and changing 1.94% at the moment leaves the stock 14.53% off its SMA200. ENVX registered 21.46% gain for a year compared to 6-month gain of 63.87%. The firm has a 50-day simple moving average (SMA 50) of $10.1288 and a 200-day simple moving average (SMA200) of $10.573875.
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The stock witnessed a 52.33% loss in the last 1 month and extending the period to 3 months gives it a -29.67%, and is 29.66% 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 11.14% over the week and 8.34% over the month.
Enovix Corporation (ENVX) has around 561 employees, a market worth around $2.13B and $16.62M in sales. Profit margin for the company is -1434.34%. Distance from 52-week low is 112.46% and -35.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-67.54%).
The EPS is expected to shrink by -0.92% this year.
Enovix Corporation (ENVX) Top Institutional Holders
357.0 institutions hold shares in Enovix Corporation (ENVX), with institutional investors hold 57.53% of the company’s shares. The shares outstanding are 167.39M, and float is at 147.31M with Short Float at 35.83%. Institutions hold 48.80% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 13.3 million shares valued at $205.65 million. The investor’s holdings represent 8.3225% of the ENVX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 10.47 million shares valued at $161.91 million to account for 6.5525 of the shares outstanding. The other top investors are ELECTRON CAPITAL PARTNERS, LLC which holds 5.8 million shares representing 3.6303% and valued at over $89.7 million, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 3.3202 of the shares totaling 5.31 million with a market value of $82.04 million.
Enovix Corporation (ENVX) Insider Activity
The most recent transaction is an insider sale by Reichow Gregory, the company’s Director. 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.
