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.
The closing price of Enovix Corporation (NASDAQ: ENVX) was $12.23 for the day, down -14.65% from the previous closing price of $14.33. In other words, the price has decreased by -$14.65 from its previous closing price. On the day, 15.18 million shares were traded. ENVX stock price reached its highest trading level at $14.05 during the session, while it also had its lowest trading level at $11.865.
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 2304058624 and an Enterprise Value of 2175692288. For the stock, the TTM Price-to-Sale (P/S) ratio is 111.09 while its Price-to-Book (P/B) ratio in mrq is 12.96. Its current Enterprise Value per Revenue stands at 104.913 whereas that against EBITDA is -15.824.
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 24.78%, while the 200-Day Moving Average is calculated to be 16.55%.
Shares Statistics:
ENVX traded an average of 6.43M shares per day over the past three months and 7420920 shares per day over the past ten days. A total of 177.59M shares are outstanding, with a floating share count of 159.66M. Insiders hold about 15.25% 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 7.75, compared to 1731628800 on 46329575. Therefore, it implies a Short% of Shares Outstanding of 49884696 and a Short% of Float of 30.110002.
