The stock has a 36-month beta value of 1.93. Opinions on the stock are mixed, with 9 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for ENVX is 157.65M, and at present, short sellers hold a 29.39% of that float. On December 09, 2024, the average trading volume of ENVX was 6.09M shares.
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ENVX) stock’s latest price update
Enovix Corporation (NASDAQ: ENVX)’s stock price has soared by 7.74 in relation to previous closing price of 9.56. Nevertheless, the company has seen a gain of 0.88% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-04 that I reiterate my bullish rating on Enovix due to its commercialization progress, technological advancements, and projected sales growth towards 2026. Enovix’s technological edge includes the Fab2 facility in Malaysia, agreements with leading smartphone OEMs, and significant advancements in battery capacity. Despite a high price-to-sales ratio, Enovix’s manageable debt and strategic positioning in East Asia make it a promising investment with high prospective returns.
ENVX’s Market Performance
Enovix Corporation (ENVX) has seen a 0.88% rise in stock performance for the week, with a 15.21% gain in the past month and a 24.55% surge in the past quarter. The volatility ratio for the week is 9.63%, and the volatility levels for the past 30 days are at 7.11% for ENVX. The simple moving average for the past 20 days is 10.23% for ENVX’s stock, with a -0.41% simple moving average for the past 200 days.
Analysts’ Opinion of ENVX
The Benchmark Company, on the other hand, stated in their research note that they expect to see ENVX reach a price target of $25. The rating they have provided for ENVX stocks is “Buy” according to the report published on July 22nd, 2024.
ENVX Trading at 1.52% 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 -44.86% of loss for the given period.
Volatility was left at 7.11%, however, over the last 30 days, the volatility rate increased by 9.63%, as shares surge +8.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.86% upper at present.
During the last 5 trading sessions, ENVX fell by -0.10%, which changed the moving average for the period of 200-days by +6.81% in comparison to the 20-day moving average, which settled at $9.34. In addition, Enovix Corporation saw -17.73% 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 ATKINS BETSY S, who sale 75,000 shares at the price of $9.73 back on Dec 03 ’24. After this action, ATKINS BETSY S now owns 99,497 shares of Enovix Corporation, valued at $729,750 using the latest closing price.
ATKINS BETSY S, the Director of Enovix Corporation, proposed sale 75,000 shares at $9.67 during a trade that took place back on Dec 03 ’24, which means that ATKINS BETSY S is holding shares at $725,000 based on the most recent closing price.
Stock Fundamentals for ENVX
Current profitability levels for the company are sitting at:
- -16.49 for the present operating margin
- -1.89 for the gross margin
The net margin for Enovix Corporation stands at -14.34. The total capital return value is set at -0.65. Equity return is now at value -116.53, with -50.57 for asset returns.
Based on Enovix Corporation (ENVX), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at -0.46. The debt to equity ratio resting at 1.14. The interest coverage ratio of the stock is -41.93.
Currently, EBITDA for the company is -165.48 million with net debt to EBITDA at 0.24. When we switch over and look at the enterprise to sales, we see a ratio of 114.14. The receivables turnover for the company is 9.96for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.77.
Conclusion
To sum up, Enovix Corporation (ENVX) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
