Enovix Corporation (NASDAQ: ENVX) is -31.51% 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 $7.85 in the last trading session, with the day’s loss setting it -0.4%.
Currently trading at $7.45, the stock is -22.76% and -31.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.84 million and changing -5.16% at the moment leaves the stock -32.69% off its SMA200. ENVX registered -19.95% loss for a year compared to 6-month gain of -6.35%.
The stock witnessed a -36.80% loss in the last 1 month and extending the period to 3 months gives it a -19.95%, and is -12.10% 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 7.51% over the week and 8.51% over the month.
Enovix Corporation (ENVX) has around 570 employees, a market worth around $1.42B and $23.07M in sales. Profit margin for the company is -963.17%. Distance from 52-week low is 30.61% and -60.14% from its 52-week high. The company has generated returns on investments over the last 12 months (-51.70%).
The EPS is expected to grow by 8.05% this year.
Enovix Corporation (ENVX) Top Institutional Holders
The shares outstanding are 190.56M, and float is at 162.53M with Short Float at 27.40%.
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 3.3657% and valued at over $89.7 million, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 3.0781 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 Talluri Rajendra K, the company’s President and CEO. SEC filings show that Talluri Rajendra K sold 300,000 shares of the company’s common stock on Feb 27 ’25 at a price of $9.35 per share for a total of $2.81 million. Following the sale, the insider now owns 2.05 million shares.
Still, SEC filings show that on Dec 03 ’24, ATKINS BETSY S (Director) disposed off 75,000 shares at an average price of $9.73 for $0.73 million. The insider now directly holds 99,497 shares of Enovix Corporation (ENVX).
