In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The price of Enovix Corporation (NASDAQ: ENVX) closed at $8.58 in the last session, down -8.14% from day before closing price of $9.34. In other words, the price has decreased by -$8.14 from its previous closing price. On the day, 3.93 million shares were traded. ENVX stock price reached its highest trading level at $9.31 during the session, while it also had its lowest trading level at $8.505.
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 3.84 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:
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 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.
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 1512525184 and an Enterprise Value of 1461434752. For the stock, the TTM Price-to-Sale (P/S) ratio is 91.00 while its Price-to-Book (P/B) ratio in mrq is 8.83. Its current Enterprise Value per Revenue stands at 87.927 whereas that against EBITDA is -10.23.
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 -18.46%, while the 200-Day Moving Average is calculated to be -19.39%.
Shares Statistics:
According to the various share statistics, ENVX traded on average about 5.54M shares per day over the past 3-months and 4552270 shares per day over the past 10 days. A total of 167.39M shares are outstanding, with a floating share count of 147.31M. Insiders hold about 16.44% of the company’s shares, while institutions hold 48.30% stake in the company. Shares short for ENVX as of 1726185600 were 52779333 with a Short Ratio of 9.53, compared to 1723680000 on 47154842. Therefore, it implies a Short% of Shares Outstanding of 52779333 and a Short% of Float of 34.36.
