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The closing price of Enovix Corporation (NASDAQ: ENVX) was $9.00 for the day, down -7.98% from the previous closing price of $9.78. In other words, the price has decreased by -$7.98 from its previous closing price. On the day, 8.92 million shares were traded. ENVX stock price reached its highest trading level at $9.6805 during the session, while it also had its lowest trading level at $8.48.
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 4.77 and its Current Ratio is at 4.89. In the meantime, Its Debt-to-Equity ratio is 0.84 whereas as Long-Term Debt/Eq ratio is at 0.80.
On July 21, 2023, TD Cowen Downgraded its rating to Market Perform which previously was Outperform and also upped its target price recommendation from $19 to $20.
On January 11, 2023, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $20.Canaccord Genuity initiated its Buy rating on January 11, 2023, with a $20 target price.
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 Apr 14 ’24 when Marathe Ajay sold 4,954 shares for $7.31 per share. The transaction valued at 36,214 led to the insider holds 978,913 shares of the business.
Talluri Rajendra K bought 1,434 shares of ENVX for $19,990 on Aug 24 ’23. The President and CEO now owns 2,018,901 shares after completing the transaction at $13.94 per share. On Aug 11 ’23, another insider, ATKINS BETSY S, who serves as the Director of the company, sold 36,000 shares for $16.25 each. As a result, the insider received 585,000 and left with 159,369 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 1529100032 and an Enterprise Value of 1462511232. For the stock, the TTM Price-to-Sale (P/S) ratio is 118.63 while its Price-to-Book (P/B) ratio in mrq is 6.66. Its current Enterprise Value per Revenue stands at 113.417 whereas that against EBITDA is -10.29.
Stock Price History:
Over the past 52 weeks, ENVX has reached a high of $23.90, while it has fallen to a 52-week low of $5.70. The 50-Day Moving Average of the stock is 13.71%, while the 200-Day Moving Average is calculated to be -20.54%.
Shares Statistics:
ENVX traded an average of 5.19M shares per day over the past three months and 7922820 shares per day over the past ten days. A total of 167.39M shares are outstanding, with a floating share count of 137.98M. Insiders hold about 18.79% of the company’s shares, while institutions hold 51.48% stake in the company. Shares short for ENVX as of 1713139200 were 41804293 with a Short Ratio of 8.06, compared to 1710460800 on 38679677. Therefore, it implies a Short% of Shares Outstanding of 41804293 and a Short% of Float of 35.43.
