Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $10.72 in the prior trading day, Enovix Corporation (NASDAQ: ENVX) closed at $9.82, down -8.40%. In other words, the price has decreased by -$8.40 from its previous closing price. On the day, 6.8 million shares were traded.
Ratios:
Our goal is to gain a better understanding of ENVX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.35 and its Current Ratio is at 5.49. In the meantime, Its Debt-to-Equity ratio is 0.78 whereas as Long-Term Debt/Eq ratio is at 0.74.
On July 22, 2024, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $25.
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 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 80.19 while its Price-to-Book (P/B) ratio in mrq is 7.58.
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 -10.49%, while the 200-Day Moving Average is calculated to be -11.57%.
Shares Statistics:
A total of 190.56M shares are outstanding, with a floating share count of 159.78M. Insiders hold about 15.19% of the company’s shares, while institutions hold 49.06% stake in the company.
Earnings Estimates
Currently, 9.0 analysts are dedicated to thoroughly evaluating and rating the performance of Enovix Corporation (ENVX) in the stock market.The consensus estimate for the next quarter is -$0.16, with high estimates of -$0.11 and low estimates of -$0.19.
Analysts are recommending an EPS of between -$0.42 and -$0.84 for the fiscal current year, implying an average EPS of -$0.66. EPS for the following year is -$0.49, with 9.0 analysts recommending between -$0.24 and -$0.95.
Revenue Estimates
12 analysts predict $4.72M in revenue for the current quarter. It ranges from a high estimate of $5.5M to a low estimate of $4M. As of the current estimate, Enovix Corporation’s year-ago sales were $5.27MFor the next quarter, 12 analysts are estimating revenue of $5.01M. There is a high estimate of $6M for the next quarter, whereas the lowest estimate is $4.2M.
A total of 12 analysts have provided revenue estimates for ENVX’s current fiscal year. The highest revenue estimate was $40.3M, while the lowest revenue estimate was $31.83M, resulting in an average revenue estimate of $35M. In the same quarter a year ago, actual revenue was $23.07MBased on 13 analysts’ estimates, the company’s revenue will be $161.5M in the next fiscal year. The high estimate is $300.5M and the low estimate is $112.68M.
