Enovix Corporation (NASDAQ: ENVX) is 14.63% higher 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 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 $12.66 in the last trading session, with the day’s loss setting it -0.2%.
Currently trading at $12.46, the stock is 23.94% and 28.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.48 million and changing -1.58% at the moment leaves the stock 19.29% off its SMA200. ENVX registered 4.71% gain for a year compared to 6-month loss of -25.17%. The firm has a 50-day simple moving average (SMA 50) of $9.6572 and a 200-day simple moving average (SMA200) of $10.4252.
The stock witnessed a 23.73% gain in the last 1 month and extending the period to 3 months gives it a 4.88%, and is 10.46% 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 7.95% over the week and 8.75% over the month.
Enovix Corporation (ENVX) has around 561 employees, a market worth around $2.45B and $20.74M in sales. Profit margin for the company is -1180.22%. Distance from 52-week low is 118.60% and -33.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-69.79%).
The EPS is expected to grow by 7.33% this year.
Enovix Corporation (ENVX) Top Institutional Holders
367.0 institutions hold shares in Enovix Corporation (ENVX), with institutional investors hold 54.64% of the company’s shares. The shares outstanding are 177.59M, and float is at 159.66M with Short Float at 31.24%. Institutions hold 46.96% 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 ATKINS BETSY S,the company’sDirector. SEC filings show that ATKINS BETSY S sold 75,000 shares of the company’s common stock on Dec 03 ’24 at a price of $9.73 per share for a total of $0.73 million. Following the sale, the insider now owns 99497.0 shares.
Still, SEC filings show that on Oct 14 ’24, Chakravarthy Arthi (Chief Legal Officer) disposed off 35,000 shares at an average price of $13.00 for $0.46 million. The insider now directly holds 343,305 shares of Enovix Corporation (ENVX).
