Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Enovix Corporation (NASDAQ: ENVX) was $6.16 for the day, up 5.66% from the previous closing price of $5.83. In other words, the price has increased by $5.66 from its previous closing price. On the day, 4.62 million shares were traded. ENVX stock price reached its highest trading level at $6.2 during the session, while it also had its lowest trading level at $5.725.
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 5.35 and its Current Ratio is at 5.49. In the meantime, Its Debt-to-Equity ratio is 0.79 whereas as Long-Term Debt/Eq ratio is at 0.74.
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 Feb 27 ’25 when Talluri Rajendra K sold 300,000 shares for $9.35 per share. The transaction valued at 2,805,000 led to the insider holds 2,045,301 shares of the business.
Talluri Rajendra K bought 300,000 shares of ENVX for $2,889,000 on Feb 27 ’25. On Dec 03 ’24, another insider, ATKINS BETSY S, who serves as the Director of the company, sold 75,000 shares for $9.73 each. As a result, the insider received 729,750 and left with 99,497 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 1178247808 and an Enterprise Value of 1103249792. For the stock, the TTM Price-to-Sale (P/S) ratio is 51.07 while its Price-to-Book (P/B) ratio in mrq is 4.76. Its current Enterprise Value per Revenue stands at 47.814 whereas that against EBITDA is -7.077.
Stock Price History:
The Beta on a monthly basis for ENVX is 2.03, which has changed by 0.030100346 over the last 52 weeks, in comparison to a change of 0.05430484 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 $5.27. The 50-Day Moving Average of the stock is -26.97%, while the 200-Day Moving Average is calculated to be -40.73%.
Shares Statistics:
ENVX traded an average of 5.96M shares per day over the past three months and 6961370 shares per day over the past ten days. A total of 190.56M shares are outstanding, with a floating share count of 162.24M. Insiders hold about 15.18% of the company’s shares, while institutions hold 48.50% stake in the company. Shares short for ENVX as of 1743379200 were 46524876 with a Short Ratio of 7.81, compared to 1740700800 on 43715841. Therefore, it implies a Short% of Shares Outstanding of 46524876 and a Short% of Float of 27.6.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
Current recommendations for the stock of the company come from 8.0 analysts. The consensus estimate for the next quarter is -$0.16, with high estimates of -$0.11 and low estimates of -$0.19.
Analysts are recommending an EPS of between -$0.42 and -$0.84 for the fiscal current year, implying an average EPS of -$0.65. EPS for the following year is -$0.53, with 8.0 analysts recommending between -$0.24 and -$0.95.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 12 analysts. It ranges from a high estimate of $5.5M to a low estimate of $4M. As of the current estimate, Enovix Corporation’s year-ago sales were $5.27MFor the next quarter, 12 analysts are estimating revenue of $5.01M. There is a high estimate of $6M for the next quarter, whereas the lowest estimate is $4.2M.
A total of 12 analysts have provided revenue estimates for ENVX’s current fiscal year. The highest revenue estimate was $40.3M, while the lowest revenue estimate was $31.83M, resulting in an average revenue estimate of $34.85M. In the same quarter a year ago, actual revenue was $23.07MBased on 12 analysts’ estimates, the company’s revenue will be $139.62M in the next fiscal year. The high estimate is $211.79M and the low estimate is $106.4M.
