Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The price of Enovix Corporation (NASDAQ: ENVX) closed at $8.56 in the last session, up 0.94% from day before closing price of $8.48. In other words, the price has increased by $0.94 from its previous closing price. On the day, 4.76 million shares were traded. ENVX stock price reached its highest trading level at $8.93 during the session, while it also had its lowest trading level at $8.45.
Ratios:
We take a closer look at ENVX’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 1612652672 and an Enterprise Value of 1508277632. For the stock, the TTM Price-to-Sale (P/S) ratio is 74.50 while its Price-to-Book (P/B) ratio in mrq is 9.07. Its current Enterprise Value per Revenue stands at 72.73 whereas that against EBITDA is -10.97.
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 -14.43%, while the 200-Day Moving Average is calculated to be -17.98%.
Shares Statistics:
According to the various share statistics, ENVX traded on average about 5.96M shares per day over the past 3-months and 5991640 shares per day over the past 10 days. A total of 167.39M shares are outstanding, with a floating share count of 157.54M. Insiders hold about 16.37% of the company’s shares, while institutions hold 46.46% stake in the company. Shares short for ENVX as of 1730332800 were 48481730 with a Short Ratio of 8.14, compared to 1727654400 on 53444589. Therefore, it implies a Short% of Shares Outstanding of 48481730 and a Short% of Float of 31.219998.
