Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
After finishing at $11.43 in the prior trading day, Enovix Corporation (NASDAQ: ENVX) closed at $11.45, up 0.17%. In other words, the price has increased by $0.17 from its previous closing price. On the day, 3.23 million shares were traded. ENVX stock price reached its highest trading level at $11.9 during the session, while it also had its lowest trading level at $11.28.
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 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:
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 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 2018463104 and an Enterprise Value of 1967371776. For the stock, the TTM Price-to-Sale (P/S) ratio is 121.44 while its Price-to-Book (P/B) ratio in mrq is 11.79. Its current Enterprise Value per Revenue stands at 118.367 whereas that against EBITDA is -13.772.
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 14.45%, while the 200-Day Moving Average is calculated to be 8.85%.
Shares Statistics:
The stock has traded on average 5.71M shares per day over the past 3-months and 5971040 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 147.39M. Insiders hold about 16.42% of the company’s shares, while institutions hold 47.90% stake in the company. Shares short for ENVX as of 1727654400 were 53444589 with a Short Ratio of 9.35, compared to 1724976000 on 49510839. Therefore, it implies a Short% of Shares Outstanding of 53444589 and a Short% of Float of 34.8.
