Enovix Corporation (NASDAQ: ENVX) is -33.39% 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 $9.03 in the last trading session, with the day’s loss setting it -0.69%.
Currently trading at $8.34, the stock is -24.52% and -16.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.64 million and changing -7.69% at the moment leaves the stock -20.36% off its SMA200. ENVX registered -18.48% loss for a year compared to 6-month gain of -14.72%. The firm has a 50-day simple moving average (SMA 50) of $10.0503 and a 200-day simple moving average (SMA200) of $10.477975.
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The stock witnessed a -29.80% loss in the last 1 month and extending the period to 3 months gives it a -21.54%, and is -26.91% down 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 10.99% over the week and 8.76% over the month.
Enovix Corporation (ENVX) has around 561 employees, a market worth around $1.57B and $20.74M in sales. Profit margin for the company is -1180.22%. Distance from 52-week low is 46.32% and -55.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-69.79%).
with sales reaching $8.47M over the same period.The EPS is expected to grow by 6.39% this year, but quarterly earnings will post 187.80% year-over-year. Quarterly sales are estimated to grow 14.80% in year-over-year returns.
Enovix Corporation (ENVX) Top Institutional Holders
364.0 institutions hold shares in Enovix Corporation (ENVX), with institutional investors hold 56.38% of the company’s shares. The shares outstanding are 167.39M, and float is at 148.82M with Short Float at 34.82%. Institutions hold 47.93% 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 Chakravarthy Arthi, the company’s Chief Legal Officer. SEC filings show that Chakravarthy Arthi sold 35,000 shares of the company’s common stock on Oct 14 ’24 at a price of $13.00 per share for a total of $0.46 million. Following the sale, the insider now owns 0.34 million shares.
Still, SEC filings show that on Jun 20 ’24, Reichow Gregory (Director) disposed off 7,500 shares at an average price of $12.14 for $91050.0. The insider now directly holds 8,129 shares of Enovix Corporation (ENVX).
