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.
The closing price of Enovix Corporation (NASDAQ: ENVX) was $9.38 for the day, up 4.92% from the previous closing price of $8.94. In other words, the price has increased by $4.92 from its previous closing price. On the day, 4.53 million shares were traded. ENVX stock price reached its highest trading level at $9.42 during the session, while it also had its lowest trading level at $8.825.
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 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 1767135744 and an Enterprise Value of 1668457216. For the stock, the TTM Price-to-Sale (P/S) ratio is 89.40 while its Price-to-Book (P/B) ratio in mrq is 9.94. Its current Enterprise Value per Revenue stands at 80.454 whereas that against EBITDA is -12.134.
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 -5.58%, while the 200-Day Moving Average is calculated to be -10.30%.
Shares Statistics:
ENVX traded an average of 6.03M shares per day over the past three months and 10070820 shares per day over the past ten days. A total of 167.39M shares are outstanding, with a floating share count of 157.53M. Insiders hold about 16.38% of the company’s shares, while institutions hold 44.29% stake in the company. Shares short for ENVX as of 1728950400 were 51815399 with a Short Ratio of 8.59, compared to 1726185600 on 52779333. Therefore, it implies a Short% of Shares Outstanding of 51815399 and a Short% of Float of 33.45.
