Enjoy Technology Inc. [ENJY] Stock trading around $0.19 per share: What’s Next?


Enjoy Technology Inc. [NASDAQ: ENJY] stock went on a downward path that fall over -52.12% on Friday, amounting to a one-week price decrease of less than -11.48%. The company report on May 16, 2022 that Enjoy Technology Announces First Quarter 2022 Financial Results, Secures Interim Financing and Initiates Review of Strategic Alternatives.

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Advisors Retained to Assist in Strategic Review Process.

Over the last 12 months, ENJY stock dropped by -98.06%. The average equity rating for ENJY stock is currently 2.90, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $45.30 million, with 119.80 million shares outstanding and 57.77 million shares in the current float. Compared to the average trading volume of 4.19M shares, ENJY stock reached a trading volume of 22988715 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Enjoy Technology Inc. [ENJY]:

BTIG Research have made an estimate for Enjoy Technology Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 14, 2022. While these analysts kept the previous recommendation, Telsey Advisory Group dropped their target price from $6 to $4. The new note on the price target was released on April 12, 2022, representing the official price target for Enjoy Technology Inc. stock. Previously, the target price had yet another raise to $6, while Goldman analysts kept a Neutral rating on ENJY stock.

The Average True Range (ATR) for Enjoy Technology Inc. is set at 0.09, with the Price to Sales ratio for ENJY stock in the period of the last 12 months amounting to 0.53. The Price to Book ratio for the last quarter was 0.55, with the Price to Cash per share for the same quarter was set at 0.16.

ENJY Stock Performance Analysis:

Enjoy Technology Inc. [ENJY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.48. With this latest performance, ENJY shares dropped by -18.33% in over the last four-week period, additionally sinking by -95.08% over the last 6 months – not to mention a drop of -98.06% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ENJY stock in for the last two-week period is set at 38.26, with the RSI for the last a single of trading hit 40.36, and the three-weeks RSI is set at 34.60 for Enjoy Technology Inc. [ENJY]. The present Moving Average for the last 50 days of trading for this stock 0.4365, while it was recorded at 0.2986 for the last single week of trading, and 4.1487 for the last 200 days.

Insight into Enjoy Technology Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Enjoy Technology Inc. [ENJY] shares currently have an operating margin of -224.50 and a Gross Margin at -39.52. Enjoy Technology Inc.’s Net Margin is presently recorded at -272.36.

Return on Equity for this stock declined to -103.14, with Return on Assets sitting at -87.90.

Enjoy Technology Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.

Enjoy Technology Inc. [ENJY] Insider Position Details

There are presently around $7 million, or 39.70% of ENJY stock, in the hands of institutional investors. The top three institutional holders of ENJY stocks are: KING STREET CAPITAL MANAGEMENT, L.P. with ownership of 6,888,903, which is approximately 0% of the company’s market cap and around 4.00% of the total institutional ownership; RIVERWOOD CAPITAL MANAGEMENT LTD., holding 6,313,795 shares of the stock with an approximate value of $1.21 million in ENJY stocks shares; and OAK MANAGEMENT CORP, currently with $1.01 million in ENJY stock with ownership of nearly 0% of the company’s market capitalization.

31 institutional holders increased their position in Enjoy Technology Inc. [NASDAQ:ENJY] by around 3,066,980 shares. Additionally, 14 investors decreased positions by around 1,804,389 shares, while 12 investors held positions by with 30,244,548 shares. The mentioned changes placed institutional holdings at 35,115,917 shares, according to the latest SEC report filing. ENJY stock had 15 new institutional investments in for a total of 283,995 shares, while 9 institutional investors sold positions of 1,088,579 shares during the same period.