Enovix Corporation [NASDAQ: ENVX] gained 4458829% or 4749991.4 points to close at $4750000.0 with a heavy trading volume of 4458829 shares.
It opened the trading session at $8.7, the shares rose to $8.825 and dropped to $8.49, the range by which the price of stock traded the whole day. The daily chart for ENVX points out that the company has recorded 8.59% gains over the past six months.
If we look at the average trading volume of 4.75M shares, ENVX reached to a volume of 4458829 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 7.11, with the Price to Cash per share for the same quarter was set at 1.29.
Trading performance analysis for ENVX stock
Enovix Corporation [ENVX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.32. With this latest performance, ENVX shares gained by 12.23% in over the last four-week period, additionally plugging by 8.59% over the last 6 months – not to mention a drop of -19.78% in the past year of trading.
Enovix Corporation [ENVX]: A deeper dive into fundamental analysis
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%.
An analysis of Institutional ownership at Enovix Corporation [ENVX]
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%.
