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The price of Enovix Corporation (NASDAQ: ENVX) closed at $18.26 in the last session, down -0.27% from day before closing price of $18.31. In other words, the price has decreased by -$0.27 from its previous closing price. On the day, 4.03 million shares were traded. ENVX stock price reached its highest trading level at $18.68 during the session, while it also had its lowest trading level at $17.682.
Ratios:
We take a closer look at ENVX’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 20 ’24 when Reichow Gregory sold 7,500 shares for $12.14 per share. The transaction valued at 91,050 led to the insider holds 8,129 shares of the business.
Marathe Ajay sold 4,954 shares of ENVX for $36,214 on Apr 14 ’24. The Chief Operating Officer now owns 978,913 shares after completing the transaction at $7.31 per share. On Aug 24 ’23, another insider, Talluri Rajendra K, who serves as the President and CEO of the company, bought 1,434 shares for $13.94 each. As a result, the insider paid 19,990 and bolstered with 2,018,901 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 3104199936 and an Enterprise Value of 3038567936. For the stock, the TTM Price-to-Sale (P/S) ratio is 240.82 while its Price-to-Book (P/B) ratio in mrq is 13.52. Its current Enterprise Value per Revenue stands at 235.639 whereas that against EBITDA is -21.38.
Stock Price History:
The Beta on a monthly basis for ENVX is 2.05, which has changed by -0.14111006 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. 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 49.48%, while the 200-Day Moving Average is calculated to be 72.43%.
Shares Statistics:
According to the various share statistics, ENVX traded on average about 6.70M shares per day over the past 3-months and 6104710 shares per day over the past 10 days. A total of 167.39M shares are outstanding, with a floating share count of 140.05M. Insiders hold about 17.62% of the company’s shares, while institutions hold 49.24% stake in the company. Shares short for ENVX as of 1719532800 were 43275949 with a Short Ratio of 6.46, compared to 1717113600 on 43824180. Therefore, it implies a Short% of Shares Outstanding of 43275949 and a Short% of Float of 36.64.
