Enovix Corporation [NASDAQ: ENVX] closed the trading session at $8.34.
The stocks have a year to date performance of -33.39 percent and weekly performance of -26.91 percent. The stock has been moved at -14.72 percent over the last six months. The stock has performed -29.80 percent around the most recent 30 days and changed -21.54 percent over the most recent 3-months.
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If compared to the average trading volume of 6.10M shares, ENVX reached to a volume of 7636048 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 $27.25 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 1.31. 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.
Janney have made an estimate for Enovix Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 31, 2024. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Buy. The new note on the price target was released on July 22, 2024, representing the official price target for Enovix Corporation stock. On July 21, 2023, analysts increased their price target for ENVX shares from 19 to 20.
The Average True Range (ATR) for Enovix Corporation is set at 0.97, with the Price to Sales ratio for ENVX stock in the period of the last 12 months amounting to 75.76. The Price to Book ratio for the last quarter was 8.84, with the Price to Cash per share for the same quarter was set at 1.07.
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 -26.91. With this latest performance, ENVX shares dropped by -29.80% in over the last four-week period, additionally sinking by -14.72% over the last 6 months – not to mention a drop of -18.48% 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 35.13, with the RSI for the last a single of trading hit 28.15, and the three-weeks RSI is set at 39.21 for Enovix Corporation [ENVX]. The present Moving Average for the last 50 days of trading for this stock 10.01, while it was recorded at 9.50 for the last single week of trading, and 10.47 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 3.61 and a Current Ratio set at 3.77.
Earnings per share (EPS) analysis for Enovix Corporation [ENVX] stock
With the latest financial reports released by the company, Enovix Corporation posted -0.28/share EPS, while the average EPS was predicted by analysts to be reported at -0.27/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.01. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ENVX.
Enovix Corporation [ENVX]: Institutional Ownership
There are presently around $47.93%, or 56.38%% of ENVX stock, in the hands of institutional investors. The top three institutional holders of ENVX stocks are: VANGUARD GROUP INC with ownership of 13.3 million shares, which is approximately 8.3225%. BLACKROCK INC., holding 10.47 million shares of the stock with an approximate value of $$161.91 million in ENVX stocks shares; and BLACKROCK INC., currently with $$89.7 million in ENVX stock with ownership which is approximately 3.6303%.
