The stock of Enovix Corporation (ENVX) has seen a 3.64% increase in the past week, with a 28.45% gain in the past month, and a 61.04% flourish in the past quarter. The volatility ratio for the week is 10.53%, and the volatility levels for the past 30 days are at 8.90% for ENVX. The simple moving average for the past 20 days is 7.60% for ENVX’s stock, with a 13.07% simple moving average for the past 200 days.
Is It Worth Investing in Enovix Corporation (NASDAQ: ENVX) Right Now?
Moreover, the 36-month beta value for ENVX is 1.95. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for ENVX is 140.07M and currently, short sellers hold a 31.29% of that float. On June 17, 2024, ENVX’s average trading volume was 5.49M shares.
ENVX) stock’s latest price update
Enovix Corporation (NASDAQ: ENVX)’s stock price has plunge by -3.25relation to previous closing price of 12.20. Nevertheless, the company has seen a 3.64% surge in its stock price over the last five trading sessions. investorplace.com reported 2024-06-12 that During 2024, commodities have outperformed equities by a slight margin. Case in point, the WisdomTree Enhanced Commodity Strategy Fund (NYSE: GCC ) is up 12.7%.
Analysts’ Opinion of ENVX
TD Cowen, on the other hand, stated in their research note that they expect to see ENVX reach a price target of $20, previously predicting the price at $19. The rating they have provided for ENVX stocks is “Market Perform” according to the report published on July 21st, 2023.
Canaccord Genuity gave a rating of “Buy” to ENVX, setting the target price at $20 in the report published on January 11th of the previous year.
ENVX Trading at 31.72% from the 50-Day Moving Average
After a stumble in the market that brought ENVX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.61% of loss for the given period.
Volatility was left at 8.90%, however, over the last 30 days, the volatility rate increased by 10.53%, as shares surge +19.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +58.68% upper at present.
During the last 5 trading sessions, ENVX rose by +5.18%, which changed the moving average for the period of 200-days by -13.94% in comparison to the 20-day moving average, which settled at $11.07. In addition, Enovix Corporation saw -5.72% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ENVX starting from Marathe Ajay, who sale 4,954 shares at the price of $7.31 back on Apr 14 ’24. After this action, Marathe Ajay now owns 978,913 shares of Enovix Corporation, valued at $36,214 using the latest closing price.
Talluri Rajendra K, the President and CEO of Enovix Corporation, purchase 1,434 shares at $13.94 during a trade that took place back on Aug 24 ’23, which means that Talluri Rajendra K is holding 2,018,901 shares at $19,990 based on the most recent closing price.
Stock Fundamentals for ENVX
Current profitability levels for the company are sitting at:
- -155.33 for the present operating margin
- -38.56 for the gross margin
The net margin for Enovix Corporation stands at -96.14. The total capital return value is set at -0.44. Equity return is now at value -69.02, with -40.64 for asset returns.
Based on Enovix Corporation (ENVX), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at -0.41. The debt to equity ratio resting at 0.69. The interest coverage ratio of the stock is -16.33.
Currently, EBITDA for the company is -165.48 million with net debt to EBITDA at 0.48. When we switch over and look at the enterprise to sales, we see a ratio of 1420.32. The receivables turnover for the company is 1356.0for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.89.
Conclusion
To wrap up, the performance of Enovix Corporation (ENVX) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
