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As of close of business last night, Enovix Corporation’s stock clocked out at $9.22, down -3.25% from its previous closing price of $9.53. In other words, the price has decreased by -$3.25 from its previous closing price. On the day, 4.25 million shares were traded. ENVX stock price reached its highest trading level at $9.43 during the session, while it also had its lowest trading level at $9.09.
Ratios:
To gain a deeper understanding of ENVX’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 1736992768 and an Enterprise Value of 1695153792. For the stock, the TTM Price-to-Sale (P/S) ratio is 83.75 while its Price-to-Book (P/B) ratio in mrq is 9.77. Its current Enterprise Value per Revenue stands at 81.741 whereas that against EBITDA is -12.329.
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 -7.82%, while the 200-Day Moving Average is calculated to be -11.32%.
Shares Statistics:
It appears that ENVX traded 5.96M shares on average per day over the past three months and 4520320 shares per day over the past ten days. A total of 167.39M shares are outstanding, with a floating share count of 157.57M. Insiders hold about 16.36% of the company’s shares, while institutions hold 46.49% stake in the company. Shares short for ENVX as of 1730332800 were 48481730 with a Short Ratio of 8.14, compared to 1727654400 on 53444589. Therefore, it implies a Short% of Shares Outstanding of 48481730 and a Short% of Float of 31.219998.
