Enovix Corporation (ENVX) concluded trading on Wednesday at a closing price of $10.30, with 12.15 million shares of worth about $125.16 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 35.35% during that period and on October 02, 2024 the price saw a gain of about 20.05%. Currently the company’s common shares owned by public are about 167.39M shares, out of which, 147.31M shares are available for trading.
Stock saw a price change of 13.56% in past 5 days and over the past one month there was a price change of 19.42%. Year-to-date (YTD), ENVX shares are showing a performance of -17.73% which decreased to -12.79% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.70 but also hit the highest price of $18.68 during that period. The average intraday trading volume for Enovix Corporation shares is 5.52 million. The stock is currently trading 16.97% above its 20-day simple moving average (SMA20), while that difference is down -0.86% for SMA50 and it goes to -3.04% lower than SMA200.
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Enovix Corporation (NASDAQ: ENVX) currently have 167.39M outstanding shares and institutions hold larger chunk of about 48.37% of that.
The stock has a current market capitalization of $1.82B and its 3Y-monthly beta is at 1.99. It has posted earnings per share of -$1.62 in the same period. It has Quick Ratio of 3.84 while making debt-to-equity ratio of 1.14. 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 8.97% while standing at 8.06% over the month.
Analysts are in expectations that Enovix Corporation (ENVX) stock would likely to be making an EPS of -0.2 in the current quarter, while forecast for next quarter EPS is -0.2 and it is -0.77 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.25 which is -0.19 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 -0.92% while it is estimated to increase by 13.21% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by The Benchmark Company on July 22, 2024 offering a Buy rating for the stock and assigned a target price of $25 to it. On July 21, 2023, TD Cowen Downgrade their recommendations, while on January 11, 2023, Canaccord Genuity Initiated their ratings for the stock with a price target of $20. Stock get a Buy rating from B. Riley Securities on December 02, 2022.
