Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Enovix Corporation (NASDAQ: ENVX) closed at $11.00 down -3.34% from its previous closing price of $11.38. In other words, the price has decreased by -$3.34 from its previous closing price. On the day, 7.18 million shares were traded. ENVX stock price reached its highest trading level at $11.05 during the session, while it also had its lowest trading level at $10.44.
Ratios:
For a deeper understanding of Enovix Corporation’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 2072333952 and an Enterprise Value of 1956780288. For the stock, the TTM Price-to-Sale (P/S) ratio is 99.92 while its Price-to-Book (P/B) ratio in mrq is 11.66. Its current Enterprise Value per Revenue stands at 94.357 whereas that against EBITDA is -14.231.
Stock Price History:
The Beta on a monthly basis for ENVX is 1.85, which has changed by 0.086915016 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. 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 12.15%, while the 200-Day Moving Average is calculated to be 4.48%.
Shares Statistics:
For the past three months, ENVX has traded an average of 6.66M shares per day and 9083680 over the past ten days. A total of 177.59M shares are outstanding, with a floating share count of 159.98M. Insiders hold about 15.34% of the company’s shares, while institutions hold 46.47% stake in the company. Shares short for ENVX as of 1734048000 were 49884696 with a Short Ratio of 7.27, compared to 1731628800 on 46329575. Therefore, it implies a Short% of Shares Outstanding of 49884696 and a Short% of Float of 30.110002.
