Beyond market averages, investors looking for exceptional returns turn to stock picking. Skillful choices in individual stocks have the power to substantially increase your wealth.
In the latest session, Enovix Corporation (NASDAQ: ENVX) closed at $8.42 down -6.24% from its previous closing price of $8.98. In other words, the price has decreased by -$6.24 from its previous closing price. On the day, 18.92 million shares were traded. ENVX stock price reached its highest trading level at $8.645 during the session, while it also had its lowest trading level at $7.535.
Ratios:
For a deeper understanding of Enovix Corporation’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 1586277504 and an Enterprise Value of 1497599104. For the stock, the TTM Price-to-Sale (P/S) ratio is 75.48 while its Price-to-Book (P/B) ratio in mrq is 8.92. Its current Enterprise Value per Revenue stands at 72.215 whereas that against EBITDA is -10.892.
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 -16.02%, while the 200-Day Moving Average is calculated to be -18.43%.
Shares Statistics:
For the past three months, ENVX has traded an average of 5.79M shares per day and 4723770 over the past ten days. A total of 177.59M shares are outstanding, with a floating share count of 159.63M. Insiders hold about 15.27% of the company’s shares, while institutions hold 46.52% stake in the company. Shares short for ENVX as of 1732838400 were 48365896 with a Short Ratio of 8.35, compared to 1730332800 on 48481730. Therefore, it implies a Short% of Shares Outstanding of 48365896 and a Short% of Float of 29.189999999999998.
