Financial Metrics Unveiled: Enovix Corporation (ENVX)’s Key Ratios in the Spotlight

Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.

The price of Enovix Corporation (NASDAQ: ENVX) closed at $8.78 in the last session, up 3.17% from day before closing price of $8.51. In other words, the price has increased by $3.17 from its previous closing price. On the day, 9.79 million shares were traded. ENVX stock price reached its highest trading level at $9.72 during the session, while it also had its lowest trading level at $8.6.

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 4.77 and its Current Ratio is at 4.89. In the meantime, Its Debt-to-Equity ratio is 0.84 whereas as Long-Term Debt/Eq ratio is at 0.80.

On July 21, 2023, TD Cowen Downgraded its rating to Market Perform which previously was Outperform and also upped its target price recommendation from $19 to $20.

On January 11, 2023, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $20.Canaccord Genuity initiated its Buy rating on January 11, 2023, with a $20 target price.

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 Apr 14 ’24 when Marathe Ajay sold 4,954 shares for $7.31 per share. The transaction valued at 36,214 led to the insider holds 978,913 shares of the business.

Talluri Rajendra K bought 1,434 shares of ENVX for $19,990 on Aug 24 ’23. The President and CEO now owns 2,018,901 shares after completing the transaction at $13.94 per share. On Aug 11 ’23, another insider, ATKINS BETSY S, who serves as the Director of the company, sold 36,000 shares for $16.25 each. As a result, the insider received 585,000 and left with 159,369 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 1492599936 and an Enterprise Value of 1426929408. For the stock, the TTM Price-to-Sale (P/S) ratio is 115.80 while its Price-to-Book (P/B) ratio in mrq is 6.50. Its current Enterprise Value per Revenue stands at 110.658 whereas that against EBITDA is -10.04.

Stock Price History:

The Beta on a monthly basis for ENVX is 1.78, which has changed by -0.29079157 over the last 52 weeks, in comparison to a change of 0.2704494 over the same period for the S&P500. Over the past 52 weeks, ENVX has reached a high of $23.90, while it has fallen to a 52-week low of $5.70. The 50-Day Moving Average of the stock is 11.86%, while the 200-Day Moving Average is calculated to be -21.04%.

Shares Statistics:

According to the various share statistics, ENVX traded on average about 5.19M shares per day over the past 3-months and 9040650 shares per day over the past 10 days. A total of 167.39M shares are outstanding, with a floating share count of 138.07M. Insiders hold about 18.78% of the company’s shares, while institutions hold 51.31% stake in the company. Shares short for ENVX as of 1714435200 were 42932644 with a Short Ratio of 8.28, compared to 1711584000 on 36692292. Therefore, it implies a Short% of Shares Outstanding of 42932644 and a Short% of Float of 36.380002.

Earnings Estimates

A detailed examination of Enovix Corporation (ENVX) is currently in progress, with 10.0 analysts providing valuable insights into its market dynamics.On average, analysts expect EPS of -$0.23 for the current quarter, with a high estimate of -$0.16 and a low estimate of -$0.27, while EPS last year was -$0.19. The consensus estimate for the next quarter is -$0.2, with high estimates of -$0.1 and low estimates of -$0.27.

Analysts are recommending an EPS of between -$0.75 and -$1.11 for the fiscal current year, implying an average EPS of -$0.92. EPS for the following year is -$0.69, with 10.0 analysts recommending between -$0.35 and -$1.32.

Revenue Estimates

For the next quarter, 12 analysts are estimating revenue of $5.61M. There is a high estimate of $7.4M for the next quarter, whereas the lowest estimate is $4.97M.

A total of 12 analysts have provided revenue estimates for ENVX’s current fiscal year. The highest revenue estimate was $24.7M, while the lowest revenue estimate was $19M, resulting in an average revenue estimate of $21.99M. In the same quarter a year ago, actual revenue was $7.64MBased on 12 analysts’ estimates, the company’s revenue will be $86.01M in the next fiscal year. The high estimate is $133.5M and the low estimate is $44.7M.

Most Popular

[the_ad id="945"]