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The closing price of Enovix Corporation (NASDAQ: ENVX) was $8.45 for the day, up 0.12% from the previous closing price of $8.44. In other words, the price has increased by $0.12 from its previous closing price. On the day, 5.77 million shares were traded. ENVX stock price reached its highest trading level at $8.67 during the session, while it also had its lowest trading level at $8.17.
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 3.84 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:
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 Jun 20 ’24 when Reichow Gregory sold 7,500 shares for $12.14 per share. The transaction valued at 91,050 led to the insider holds 8,129 shares of the business.
Marathe Ajay sold 4,954 shares of ENVX for $36,214 on Apr 14 ’24. The Chief Operating Officer now owns 978,913 shares after completing the transaction at $7.31 per share.
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 1489608192 and an Enterprise Value of 1438517760. For the stock, the TTM Price-to-Sale (P/S) ratio is 89.62 while its Price-to-Book (P/B) ratio in mrq is 8.70. Its current Enterprise Value per Revenue stands at 86.548 whereas that against EBITDA is -10.07.
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 -27.72%, while the 200-Day Moving Average is calculated to be -21.32%.
Shares Statistics:
ENVX traded an average of 6.25M shares per day over the past three months and 6740750 shares per day over the past ten days. A total of 167.39M shares are outstanding, with a floating share count of 147.29M. Insiders hold about 16.45% of the company’s shares, while institutions hold 48.29% stake in the company. Shares short for ENVX as of 1724976000 were 49510839 with a Short Ratio of 7.92, compared to 1722384000 on 45562656. Therefore, it implies a Short% of Shares Outstanding of 49510839 and a Short% of Float of 39.800000000000004.
