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The price of Enovix Corporation (NASDAQ: ENVX) closed at $9.86 in the last session, up 3.14% from day before closing price of $9.56. In other words, the price has increased by $3.14 from its previous closing price. On the day, 5.04 million shares were traded. ENVX stock price reached its highest trading level at $10.39 during the session, while it also had its lowest trading level at $9.6.
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 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:
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 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 1857564800 and an Enterprise Value of 1753886208. For the stock, the TTM Price-to-Sale (P/S) ratio is 92.07 while its Price-to-Book (P/B) ratio in mrq is 10.45. Its current Enterprise Value per Revenue stands at 84.574 whereas that against EBITDA is -12.756.
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 -2.73%, while the 200-Day Moving Average is calculated to be -4.65%.
Shares Statistics:
According to the various share statistics, ENVX traded on average about 6.09M shares per day over the past 3-months and 4620510 shares per day over the past 10 days. A total of 177.59M shares are outstanding, with a floating share count of 157.65M. Insiders hold about 16.32% of the company’s shares, while institutions hold 46.52% stake in the company. Shares short for ENVX as of 1731628800 were 46329575 with a Short Ratio of 7.61, compared to 1728950400 on 51815399. Therefore, it implies a Short% of Shares Outstanding of 46329575 and a Short% of Float of 27.96.
