In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
As of close of business last night, Enovix Corporation’s stock clocked out at $11.93, down -6.87% from its previous closing price of $12.81. In other words, the price has decreased by -$6.87 from its previous closing price. On the day, 6.48 million shares were traded. ENVX stock price reached its highest trading level at $12.8084 during the session, while it also had its lowest trading level at $11.692.
Ratios:
To gain a deeper understanding of ENVX’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.84 and its Current Ratio is at 3.98. In the meantime, Its Debt-to-Equity ratio is 1.14 whereas as Long-Term Debt/Eq ratio is at 1.07.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, The Benchmark Company on July 22, 2024, initiated with a Buy rating and assigned the stock a target price of $25.
TD Cowen Downgraded its Outperform to Market Perform on July 21, 2023, whereas the target price for the stock was revised from $19 to $20.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 14 ’24 when Chakravarthy Arthi sold 35,000 shares for $13.00 per share. The transaction valued at 455,000 led to the insider holds 343,305 shares of the business.
Chakravarthy Arthi bought 35,000 shares of ENVX for $447,650 on Oct 14 ’24. On Jun 20 ’24, another insider, Reichow Gregory, who serves as the Director of the company, sold 7,500 shares for $12.14 each. As a result, the insider received 91,050 and left with 8,129 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ENVX now has a Market Capitalization of 2103080064 and an Enterprise Value of 2051988480. For the stock, the TTM Price-to-Sale (P/S) ratio is 126.54 while its Price-to-Book (P/B) ratio in mrq is 12.28. Its current Enterprise Value per Revenue stands at 123.458 whereas that against EBITDA is -14.364.
Stock Price History:
Over the past 52 weeks, ENVX has reached a high of $18.68, while it has fallen to a 52-week low of $5.70. The 50-Day Moving Average of the stock is 19.38%, while the 200-Day Moving Average is calculated to be 13.27%.
Shares Statistics:
It appears that ENVX traded 5.60M shares on average per day over the past three months and 6903680 shares per day over the past ten days. A total of 167.39M shares are outstanding, with a floating share count of 147.34M. Insiders hold about 16.42% of the company’s shares, while institutions hold 47.79% stake in the company. Shares short for ENVX as of 1727654400 were 53444589 with a Short Ratio of 9.55, compared to 1724976000 on 49510839. Therefore, it implies a Short% of Shares Outstanding of 53444589 and a Short% of Float of 34.8.
