Enovix Corporation (NASDAQ: ENVX) is -41.86% lower on its value in year-to-date trading and has touched a low of $5.27 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 $6.16 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $6.32, the stock is -3.97% and -21.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.38 million and changing 2.60% at the moment leaves the stock -38.39% off its SMA200. ENVX registered 0.96% gain for a year compared to 6-month loss of -44.80%. The firm has a 50-day simple moving average (SMA 50) of $8.2096 and a 200-day simple moving average (SMA200) of $10.306975.
The stock witnessed a -28.51% gain in the last 1 month and extending the period to 3 months gives it a -44.76%, and is 5.16% 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 6.91% over the week and 10.25% over the month.
Enovix Corporation (ENVX) has around 570 employees, a market worth around $1.18B and $23.07M in sales. Profit margin for the company is -963.17%. Distance from 52-week low is 19.92% and -66.17% 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 3.13% this year, but quarterly earnings will post 51.52% year-over-year. Quarterly sales are estimated to shrink -10.49% in year-over-year returns.
391.0 institutions hold shares in Enovix Corporation (ENVX), with institutional investors hold 57.35% of the company’s shares. The shares outstanding are 190.56M, and float is at 161.49M with Short Float at 28.81%. Institutions hold 49.11% 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 7.7157 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 6.0748 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).
