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Enovix Corporation (NASDAQ: ENVX) closed the day trading at $9.81 down -7.97% from the previous closing price of $10.66. In other words, the price has decreased by -$7.97 from its previous closing price. On the day, 5.39 million shares were traded. ENVX stock price reached its highest trading level at $10.62 during the session, while it also had its lowest trading level at $9.74.
Ratios:
For a better understanding of ENVX, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.84 and its Current Ratio is at 3.98. In the meantime, Its Debt-to-Equity ratio is 1.14 whereas as Long-Term Debt/Eq ratio is at 1.07.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, The Benchmark Company on July 22, 2024, initiated with a Buy rating and assigned the stock a target price of $25.
TD Cowen Downgraded its Outperform to Market Perform on July 21, 2023, whereas the target price for the stock was revised from $19 to $20.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 20 ’24 when Reichow Gregory sold 7,500 shares for $12.14 per share. The transaction valued at 91,050 led to the insider holds 8,129 shares of the business.
Marathe Ajay sold 4,954 shares of ENVX for $36,214 on Apr 14 ’24. The Chief Operating Officer now owns 978,913 shares after completing the transaction at $7.31 per share. On Aug 24 ’23, another insider, Talluri Rajendra K, who serves as the President and CEO of the company, bought 1,434 shares for $13.94 each. As a result, the insider paid 19,990 and bolstered with 2,018,901 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 1729355904 and an Enterprise Value of 1678264832. For the stock, the TTM Price-to-Sale (P/S) ratio is 104.05 while its Price-to-Book (P/B) ratio in mrq is 10.10. Its current Enterprise Value per Revenue stands at 100.973 whereas that against EBITDA is -11.748.
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 -28.88%, while the 200-Day Moving Average is calculated to be -10.09%.
Shares Statistics:
Over the past 3-months, ENVX traded about 6.30M shares per day on average, while over the past 10 days, ENVX traded about 6533770 shares per day. A total of 167.39M shares are outstanding, with a floating share count of 145.17M. Insiders hold about 17.60% of the company’s shares, while institutions hold 48.31% stake in the company. Shares short for ENVX as of 1722384000 were 45562656 with a Short Ratio of 7.23, compared to 1719532800 on 43275949. Therefore, it implies a Short% of Shares Outstanding of 45562656 and a Short% of Float of 36.630002.
