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 $12.06 for the day, down -2.58% from the previous closing price of $12.38. In other words, the price has decreased by -$2.58 from its previous closing price. On the day, 6.88 million shares were traded. ENVX stock price reached its highest trading level at $12.9787 during the session, while it also had its lowest trading level at $11.85.
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 3.61 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:
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 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 2272031744 and an Enterprise Value of 2145436032. For the stock, the TTM Price-to-Sale (P/S) ratio is 109.55 while its Price-to-Book (P/B) ratio in mrq is 12.78. Its current Enterprise Value per Revenue stands at 103.454 whereas that against EBITDA is -15.604.
Stock Price History:
The Beta on a monthly basis for ENVX is 1.87, which has changed by 0.31947482 over the last 52 weeks, in comparison to a change of 0.22208416 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 15.75%, while the 200-Day Moving Average is calculated to be 11.83%.
Shares Statistics:
ENVX traded an average of 6.64M shares per day over the past three months and 5885210 shares per day over the past ten days. A total of 177.59M shares are outstanding, with a floating share count of 159.91M. Insiders hold about 15.12% of the company’s shares, while institutions hold 46.41% stake in the company. Shares short for ENVX as of 1736899200 were 44486465 with a Short Ratio of 6.70, compared to 1734048000 on 49884696. Therefore, it implies a Short% of Shares Outstanding of 44486465 and a Short% of Float of 26.85.
