Enovix Corporation (ENVX) concluded trading on Tuesday at a closing price of $10.87, with 5.22 million shares of worth about $56.75 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -23.40% during that period and on December 31, 2024 the price saw a loss of about -1.18%. Currently the company’s common shares owned by public are about 177.59M shares, out of which, 159.66M shares are available for trading.
Stock saw a price change of 8.59% in past 5 days and over the past one month there was a price change of 17.51%. Year-to-date (YTD), ENVX shares are showing a performance of -13.18% which decreased to -13.18% 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 6.27 million. The stock is currently trading 12.59% above its 20-day simple moving average (SMA20), while that difference is up 13.04% for SMA50 and it goes to 4.75% higher than SMA200.
Enovix Corporation (NASDAQ: ENVX) currently have 177.59M outstanding shares and institutions hold larger chunk of about 46.52% of that.
The stock has a current market capitalization of $2.02B and its 3Y-monthly beta is at 1.86. It has posted earnings per share of -$1.62 in the same period. It has Quick Ratio of 3.61 while making debt-to-equity ratio of 1.16. 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 8.29% while standing at 9.01% over the month.
Analysts are in expectations that Enovix Corporation (ENVX) stock would likely to be making an EPS of -0.18 in the current quarter, while forecast for next quarter EPS is -0.17 and it is -0.64 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.21 which is -0.15 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 -0.28 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 7.33% while it is estimated to increase by 21.40% in next year.
Coverage by The Benchmark Company stated Enovix Corporation (ENVX) stock as a Buy in their note to investors on July 22, 2024, suggesting a price target of $25 for the stock. On December 18, 2023, William Blair Initiated their recommendations, while on July 21, 2023, TD Cowen Downgrade their ratings for the stock with a price target of $20. Stock get a Buy rating from Canaccord Genuity on January 11, 2023.
