Balance Sheet Breakdown: Enovix Corporation (ENVX)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $6.01 in the prior trading day, Enovix Corporation (NASDAQ: ENVX) closed at $6.26, up 4.16%. In other words, the price has increased by $4.16 from its previous closing price. On the day, 4.36 million shares were traded. ENVX stock price reached its highest trading level at $6.34 during the session, while it also had its lowest trading level at $5.94.

Ratios:

Our goal is to gain a better understanding of ENVX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.15 and its Current Ratio is at 5.30. In the meantime, Its Debt-to-Equity ratio is 0.74 whereas as Long-Term Debt/Eq ratio is at 0.72.

On July 21, 2023, TD Cowen Downgraded its rating to Market Perform which previously was Outperform and also upped its target price recommendation from $19 to $20.

On January 11, 2023, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $20.Canaccord Genuity initiated its Buy rating on January 11, 2023, with a $20 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 14 ’24 when Marathe Ajay sold 4,954 shares for $7.31 per share. The transaction valued at 36,214 led to the insider holds 978,913 shares of the business.

Talluri Rajendra K bought 1,434 shares of ENVX for $19,990 on Aug 24 ’23. The President and CEO now owns 2,018,901 shares after completing the transaction at $13.94 per share. On Aug 11 ’23, another insider, ATKINS BETSY S, who serves as the Director of the company, sold 36,000 shares for $16.25 each. As a result, the insider received 585,000 and left with 159,369 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 1054835072 and an Enterprise Value of 943802880. For the stock, the TTM Price-to-Sale (P/S) ratio is 138.06 while its Price-to-Book (P/B) ratio in mrq is 4.06. Its current Enterprise Value per Revenue stands at 123.47 whereas that against EBITDA is -6.026.

Stock Price History:

The Beta on a monthly basis for ENVX is 1.70, which has changed by -0.5273688 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. Over the past 52 weeks, ENVX has reached a high of $23.90, while it has fallen to a 52-week low of $5.86. The 50-Day Moving Average of the stock is -29.42%, while the 200-Day Moving Average is calculated to be -48.35%.

Shares Statistics:

The stock has traded on average 4.43M shares per day over the past 3-months and 5006640 shares per day over the last 10 days, according to various share statistics. A total of 167.39M shares are outstanding, with a floating share count of 136.82M. Insiders hold about 18.80% of the company’s shares, while institutions hold 50.96% stake in the company. Shares short for ENVX as of 1711584000 were 36692292 with a Short Ratio of 8.28, compared to 1709164800 on 36600450. Therefore, it implies a Short% of Shares Outstanding of 36692292 and a Short% of Float of 25.169999999999998.

Earnings Estimates

The performance of Enovix Corporation (ENVX) in the stock market is under the watchful eye of 10 analysts actively contributing to its current rating.On average, analysts expect EPS of -$0.29 for the current quarter, with a high estimate of -$0.19 and a low estimate of -$0.33, while EPS last year was -$0.2. The consensus estimate for the next quarter is -$0.22, with high estimates of -$0.16 and low estimates of -$0.32.

Analysts are recommending an EPS of between -$0.79 and -$1.27 for the fiscal current year, implying an average EPS of -$0.98. EPS for the following year is -$0.83, with 10 analysts recommending between -$0.59 and -$1.15.

Revenue Estimates

12 analysts predict $3.87M in revenue for the current quarter. It ranges from a high estimate of $5.16M to a low estimate of -$-. As of the current estimate, Enovix Corporation’s year-ago sales were $40k, an estimated increase of 9,575.00% from the year-ago figure.

A total of 12 analysts have provided revenue estimates for ENVX’s current fiscal year. The highest revenue estimate was $29M, while the lowest revenue estimate was $10M, resulting in an average revenue estimate of $22.35M. In the same quarter a year ago, actual revenue was $7.64M, up 192.40% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $121.15M in the next fiscal year. The high estimate is $167.7M and the low estimate is $88.13M. The average revenue growth estimate for next year is up 442.10% from the average revenue estimate for this year.

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