Should You Expect A Quick Recovery From Enovix Corporation (NASDAQ: ENVX) After -269.4% Decline From High?

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Enovix Corporation (NASDAQ:ENVX)’s traded shares stood at 1.15 million during the latest session, with the company’s beta value hitting 1.67. At the last check today, the stock’s price was $6.47, to imply a decrease of -2.34% or -$0.16 in intraday trading. The ENVX share’s 52-week high remains $23.90, putting it -269.4% down since that peak but still an impressive -2.16% since price per share fell to its 52-week low of $6.61. The company has a valuation of $1.09B, with an average of 4.35 million shares over the past 3 months.

Enovix Corporation (NASDAQ:ENVX) trade information

After registering a -2.34% downside in the latest session, Enovix Corporation (ENVX) has traded red over the past five days. The stock hit a weekly high of 7.41, dropping -2.34% in its intraday price action. The 5-day price performance for the stock is -11.78%, and -17.04% over 30 days. With these gigs, the year-to-date price performance is -48.28%.

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 -40.65% down over the last 6 months, with its year-to-date growth rate lower than industry average at -3.45% against 9.10%.

ENVX Dividends

Enovix Corporation has its next earnings report out in May. 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%.