The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
After finishing at $9.01 in the prior trading day, Enovix Corporation (NASDAQ: ENVX) closed at $9.03, up 0.33%. In other words, the price has increased by $0.33 from its previous closing price. On the day, 7.87 million shares were traded. ENVX stock price reached its highest trading level at $9.55 during the session, while it also had its lowest trading level at $9.01.
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 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:
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 Oct 14 ’24 when Chakravarthy Arthi sold 35,000 shares for $13.00 per share. The transaction valued at 455,000 led to the insider holds 343,305 shares of the business.
Chakravarthy Arthi bought 35,000 shares of ENVX for $447,650 on Oct 14 ’24. On Jun 20 ’24, another insider, Reichow Gregory, who serves as the Director of the company, sold 7,500 shares for $12.14 each. As a result, the insider received 91,050 and left with 8,129 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 1702139776 and an Enterprise Value of 1607054976. For the stock, the TTM Price-to-Sale (P/S) ratio is 77.79 while its Price-to-Book (P/B) ratio in mrq is 9.57. Its current Enterprise Value per Revenue stands at 77.493 whereas that against EBITDA is -11.688.
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 -10.10%, while the 200-Day Moving Average is calculated to be -13.77%.
Shares Statistics:
The stock has traded on average 6.22M shares per day over the past 3-months and 8743820 shares per day over the last 10 days, according to various share statistics. A total of 167.39M shares are outstanding, with a floating share count of 148.82M. Insiders hold about 16.38% of the company’s shares, while institutions hold 47.36% stake in the company. Shares short for ENVX as of 1728950400 were 51815399 with a Short Ratio of 8.33, compared to 1726185600 on 52779333. Therefore, it implies a Short% of Shares Outstanding of 51815399 and a Short% of Float of 33.45.
