Enovix Corporation [NASDAQ: ENVX] closed the trading session at $15.25.
The stocks have a year to date performance of 21.81 percent and weekly performance of -16.71 percent. The stock has been moved at 58.85 percent over the last six months. The stock has performed 27.83 percent around the most recent 30 days and changed 143.61 percent over the most recent 3-months.
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If compared to the average trading volume of 6.51M shares, ENVX reached to a volume of 5107980 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Enovix Corporation [ENVX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ENVX shares is $28.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ENVX stock is a recommendation set at 1.15. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Benchmark Company have made an estimate for Enovix Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on Jul-23-24. While these analysts kept the previous recommendation, William Blair raised their target price to Outperform. The new note on the price target was released on December 18, 2023, representing the official price target for Enovix Corporation stock. Previously, the target price had yet another raise from $19 to $20, while TD Cowen kept a Market Perform rating on ENVX stock.
The Average True Range (ATR) for Enovix Corporation is set at 1.17, with the Price to Sales ratio for ENVX stock in the period of the last 12 months amounting to 201.12. The Price to Book ratio for the last quarter was 11.29, with the Price to Cash per share for the same quarter was set at 1.55.
ENVX stock trade performance evaluation
Enovix Corporation [ENVX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.71. With this latest performance, ENVX shares gained by 27.83% in over the last four-week period, additionally plugging by 58.85% over the last 6 months – not to mention a drop of -27.62% 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 ENVX stock in for the last two-week period is set at 50.32, with the RSI for the last a single of trading hit 41.51, and the three-weeks RSI is set at 54.40 for Enovix Corporation [ENVX]. The present Moving Average for the last 50 days of trading for this stock 12.92, while it was recorded at 16.50 for the last single week of trading, and 10.70 for the last 200 days.
Enovix Corporation [ENVX]: An insightful look at the core fundamentals
Enovix Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.77 and a Current Ratio set at 4.89.
Enovix Corporation [ENVX]: Institutional Ownership
The top three institutional holders of ENVX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in ENVX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in ENVX stock with ownership which is approximately 5.1238%.
