Enovix Corporation (NASDAQ:ENVX)’s traded shares stood at 3.64 million during the latest session, with the company’s beta value hitting 1.98. At the last check today, the stock’s price was $10.01, to imply an increase of 7.18% or $0.67 in intraday trading. The ENVX share’s 52-week high remains $18.68, putting it -86.61% down since that peak but still an impressive 43.06% since price per share fell to its 52-week low of $5.70. The company has a valuation of $1.76B, with an average of 5.48 million shares in intraday trading volume over the past 10 days and average of 6.11 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Enovix Corporation (ENVX), translating to a mean rating of 1.17. Of 9 analyst(s) looking at the stock, 0 analyst(s) give ENVX a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 8 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.2.
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Enovix Corporation (NASDAQ:ENVX) trade information
After registering a 7.18% upside in the latest session, Enovix Corporation (ENVX) has traded red over the past five days. The 5-day price performance for the stock is 25.91%, and -1.76% over 30 days. With these gigs, the year-to-date price performance is -20.05%. Short interest in Enovix Corporation (NASDAQ:ENVX) saw shorts transact 49.51 million shares and set a 8.6 days time to cover.
The extremes give us $5 and $36 for target low and target high price respectively. As such, ENVX has been trading -259.64% off suggested target high and 50.05% from its likely low.
Enovix Corporation (ENVX) estimates and forecasts
Looking at statistics comparing Enovix Corporation share performance against respective industry, we note that the company has outperformed competitors. Enovix Corporation (ENVX) shares are 29.00% up over the last 6 months, with its year-to-date growth rate higher than industry average at 3.45% against -1.20%. Revenue is forecast to shrink -5.30% this quarter before jumping 28.60% for the next one. The rating firms project that company’s revenue will grow 170.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 12 analysts is 4.18M. Meanwhile, for the current quarter, a total of 12 analyst(s) estimate revenue growth to 7.45M.Earnings reports from the last fiscal year show that sales brought in 200k and 7.38M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 1,990.00% before jumping 0.90% in the following quarter.
ENVX Dividends
Enovix Corporation has its next earnings report out on 2024-Nov-05. 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 (NASDAQ:ENVX)’s Major holders
Enovix Corporation insiders hold 15.17% of total outstanding shares, with institutional holders owning 49.16% of the shares at 57.95% float percentage. In total, 49.16% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 13.3 million shares (or 8.3225% of shares), all amounting to roughly $205.65 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 10.47 million shares, or about 6.5525% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $161.91 million.
