Enovix Corporation (NASDAQ: ENVX) is -27.51% 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 $8.17 in the last trading session, with the day’s loss setting it -0.29%.
Currently trading at $7.88, the stock is -10.54% and -24.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.93 million and changing -3.55% at the moment leaves the stock -28.31% off its SMA200. ENVX registered 1.55% gain for a year compared to 6-month gain of -18.76%. The firm has a 50-day simple moving average (SMA 50) of $10.4998 and a 200-day simple moving average (SMA200) of $10.9923.
The stock witnessed a -31.18% loss in the last 1 month and extending the period to 3 months gives it a -13.41%, and is 5.84% 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 6.30% over the week and 8.40% over the month.
Enovix Corporation (ENVX) has around 570 employees, a market worth around $1.51B and $23.07M in sales. Profit margin for the company is -963.17%. Distance from 52-week low is 38.25% and -57.82% from its 52-week high. The company has generated returns on investments over the last 12 months (-51.70%).
with sales reaching $4.72M over the same period.The EPS is expected to grow by 8.05% this year, but quarterly earnings will post 51.69% year-over-year. Quarterly sales are estimated to shrink -10.49% in year-over-year returns.
Enovix Corporation (ENVX) Top Institutional Holders
388.0 institutions hold shares in Enovix Corporation (ENVX), with institutional investors hold 56.73% of the company’s shares. The shares outstanding are 190.56M, and float is at 162.95M with Short Float at 26.83%. Institutions hold 48.86% 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 3.3657% 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).
