Enovix Corporation [NASDAQ: ENVX] slipped around -0.44 points on Tuesday, while shares priced at $10.56 at the close of the session, down -4.00%.
Compared to the average trading volume of 6.68M shares, ENVX reached a trading volume of 5511409 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $20.80 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 1.33. 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 1.13, with the Price to Sales ratio for ENVX stock in the period of the last 12 months amounting to 95.92. The Price to Book ratio for the last quarter was 11.19, with the Price to Cash per share for the same quarter was set at 1.07.
How has ENVX stock performed recently?
Enovix Corporation [ENVX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.25. With this latest performance, ENVX shares gained by 12.58% in over the last four-week period, additionally sinking by -42.33% over the last 6 months – not to mention a drop of -7.21% 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 48.76, with the RSI for the last a single of trading hit 44.93, and the three-weeks RSI is set at 50.19 for Enovix Corporation [ENVX]. The present Moving Average for the last 50 days of trading for this stock 9.81, while it was recorded at 11.90 for the last single week of trading, and 10.54 for the last 200 days.
Enovix Corporation [ENVX]: Deeper insight into the 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.
Insider trade positions for Enovix Corporation [ENVX]
There are presently around $46.95%, or 54.68%% 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%.
