Enovix Corporation (NASDAQ:ENVX)’s traded shares stood at 3.58 million during the last session, with the company’s beta value hitting 1.63. At the close of trading, the stock’s price was $8.03, to imply an increase of 5.24% or $0.4 in intraday trading. The ENVX share’s 52-week high remains $23.90, putting it -197.63% down since that peak but still an impressive 12.2% since price per share fell to its 52-week low of $7.05. The company has a valuation of $1.35B, with an average of 5.39 million shares in intraday trading volume over the past 10 days and average of 4.53 million shares over the past 3 months.
Enovix Corporation (NASDAQ:ENVX) trade information
After registering a 5.24% upside in the last session, Enovix Corporation (ENVX) has traded red over the past five days. The stock hit a weekly high of 9.03, jumping 5.24% in its intraday price action. The 5-day price performance for the stock is -4.52%, and -20.42% over 30 days. With these gigs, the year-to-date price performance is -35.86%. Short interest in Enovix Corporation (NASDAQ:ENVX) saw shorts transact 38.68 million shares and set a 7.67 days time to cover.
Enovix Corporation (ENVX) estimates and forecasts
Looking at statistics comparing Enovix Corporation share performance against respective industry, we note that the company has underperformed competitors. Enovix Corporation (ENVX) shares are -31.54% down over the last 6 months, with its year-to-date growth rate lower than industry average at -3.45% against 12.10%. Revenue is forecast to shrink -45.00% this quarter before falling -15.80% for the next one. The rating firms project that company’s revenue will grow 192.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 12 analysts is $3.88 million. Meanwhile, for the quarter ending Jun 2024, a total of 12 analyst(s) estimate revenue growth to $4.08 million.
ENVX Dividends
Enovix Corporation has its next earnings report out between April 24 and April 29. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Enovix Corporation has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Enovix Corporation (NASDAQ:ENVX)’s Major holders
Enovix Corporation insiders hold 15.78% of total outstanding shares, with institutional holders owning 52.75% of the shares at 62.64% float percentage. In total, 52.75% institutions holds shares in the company, led by Vanguard Group Inc. As of Jun 29, 2023, the company held over 11.34 million shares (or 7.08% of shares), all amounting to roughly $204.63 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 8.64 million shares, or about 5.39% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $155.79 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Enovix Corporation (ENVX) shares. Going by data provided on Jun 29, 2023, Vanguard Total Stock Market Index Fund holds roughly 3.72 million shares. This is just over 2.32% of the total shares, with a market valuation of $67.1 million. Data from the same date shows that the other fund manager holds a little less at 3.12 million, or 1.95% of the shares, all valued at about 42.97 million.
