Institutional Exposure To Enovix Corporation (ENVX)

Enovix Corporation (ENVX) concluded trading on Thursday at a closing price of $10.70, with 5.6 million shares of worth about $59.87 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -38.93% during that period and on Thursday the price saw a gain of about 10.08%. Currently the company’s common shares owned by public are about 157.46M shares, out of which, 137.43M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 79 times over the past 12 months. They bought 1,307,798 shares in 35 of the transactions. In 44 selling transactions, insiders dumped 263,671 shares.

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However, the stock later moved at a day high price of 10.78, or with a gain of 10.08%. Stock saw a price change of 13.59% in past 5 days and over the past one month there was a price change of -13.22%. Year-to-date (YTD), ENVX shares are showing a performance of -14.54% which increased to 20.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.92 but also hit the highest price of $23.90 during that period. The average intraday trading volume for Enovix Corporation shares is 4.10 million. The stock is currently trading 7.22% above its 20-day simple moving average (SMA20), while that difference is down -6.77% for SMA50 and it goes to -19.12% lower than SMA200.

Enovix Corporation (NASDAQ: ENVX) currently have 157.46M outstanding shares and institutions hold larger chunk of about 49.73% of that.

The stock has a current market capitalization of $1.80B and its 3Y-monthly beta is at 1.68. It has posted earnings per share of -$1.45 in the same period. It has Quick Ratio of 8.51 while making debt-to-equity ratio of 0.69. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ENVX, volatility over the week remained 7.88% while standing at 6.56% over the month.

Analysts are in expectations that Enovix Corporation (ENVX) stock would likely to be making an EPS of -$0.27 in the current quarter, while forecast for next quarter EPS is -$0.24 and it is -$0.89 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.34 which is -$0.21 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.19 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -59.64% while it is estimated to increase by 2.48% in next year.

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