Enovix Corporation [NASDAQ: ENVX] surged by $5019990.11 during the normal trading session on Monday and reaching a high of $10.79 during the day while it closed the day at $5020000.0.
Enovix Corporation stock has also gained 27.50% of its value over the past 7 days. However, ENVX stock has inclined by 38.24% in the 3 months of the year. Over the past six months meanwhile, it has gained 2.58% and lost -31.20% year-on date.
The market cap for ENVX stock reached $1.99 billion, with 191.72 million shares outstanding and 162.02 million shares in the current float. Compared to the average trading volume of 5.02M shares, ENVX reached a trading volume of 10297907 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 $25.09 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 Price to Book ratio for the last quarter was 8.43, with the Price to Cash per share for the same quarter was set at 1.29.
ENVX stock trade performance evaluation
Enovix Corporation [ENVX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 27.50. With this latest performance, ENVX shares gained by 28.13% in over the last four-week period, additionally plugging by 2.58% over the last 6 months – not to mention a drop of -4.88% in the past year of trading.
Enovix Corporation [ENVX]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Enovix Corporation [ENVX] shares currently have an operating margin of -756.71% and a Gross Margin at -91.11%. Enovix Corporation’s Net Margin is presently recorded at -870.67%.
Return on Equity for this stock declined to -39.56%, with Return on Assets sitting at -39.56%.
Enovix Corporation [ENVX]: Institutional Ownership
There are presently around $49.63%, or 57.15% 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 7.7157%. 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 3.3657%.
