Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Enovix Corporation (NASDAQ: ENVX) was $10.08 for the day, up 0.70% from the previous closing price of $10.01. In other words, the price has increased by $0.70 from its previous closing price. On the day, 2.35 million shares were traded. ENVX stock price reached its highest trading level at $10.3272 during the session, while it also had its lowest trading level at $9.7.
Ratios:
Our analysis of ENVX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.61 and its Current Ratio is at 3.77. In the meantime, Its Debt-to-Equity ratio is 1.16 whereas as Long-Term Debt/Eq ratio is at 1.09.
On July 22, 2024, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $25.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 03 ’24 when ATKINS BETSY S sold 75,000 shares for $9.73 per share. The transaction valued at 729,750 led to the insider holds 99,497 shares of the business.
ATKINS BETSY S bought 75,000 shares of ENVX for $725,000 on Dec 03 ’24. On Oct 14 ’24, another insider, Chakravarthy Arthi, who serves as the Chief Legal Officer of the company, sold 35,000 shares for $13.00 each. As a result, the insider received 455,000 and left with 343,305 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 1899011456 and an Enterprise Value of 1730749184. For the stock, the TTM Price-to-Sale (P/S) ratio is 92.20 while its Price-to-Book (P/B) ratio in mrq is 10.68. Its current Enterprise Value per Revenue stands at 83.458 whereas that against EBITDA is -12.588.
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 4.54%, while the 200-Day Moving Average is calculated to be -2.30%.
Shares Statistics:
ENVX traded an average of 6.16M shares per day over the past three months and 7009530 shares per day over the past ten days. A total of 177.59M shares are outstanding, with a floating share count of 159.64M. Insiders hold about 15.26% of the company’s shares, while institutions hold 46.52% stake in the company. Shares short for ENVX as of 1732838400 were 48365896 with a Short Ratio of 8.10, compared to 1730332800 on 48481730. Therefore, it implies a Short% of Shares Outstanding of 48365896 and a Short% of Float of 29.189999999999998.
