In the latest trading session, 0.61 million Enovix Corporation (NASDAQ:ENVX) shares changed hands as the company’s beta touched 1.98. With the company’s most recent per share price at $9.56 changing hands around $0.01 or 0.16% at last look, the market valuation stands at $1.69B. ENVX’s current price is a discount, trading about -95.4% off its 52-week high of $18.68. The share price had its 52-week low at $5.70, which suggests the last value was 40.38% up since then. When we look at Enovix Corporation’s average trading volume, we note the 10-day average is 4.86 million shares, with the 3-month average coming to 5.63 million.

Analysts gave the Enovix Corporation (ENVX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.17. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended ENVX as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Enovix Corporation’s EPS for the current quarter is expected to be -0.2.

Enovix Corporation (NASDAQ:ENVX) trade information

Instantly ENVX is in green as seen in intraday trades today. With action 13.27%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -23.64%, with the 5-day performance at 13.27% in the green. However, in the 30-day time frame, Enovix Corporation (NASDAQ:ENVX) is -1.14% down. Looking at the short shares, we see there were 52.78 million shares sold at short interest cover period of 10.69 days.

The consensus price target for the stock as assigned by Wall Street analysts is 22, meaning bulls need an upside of 56.55% from its recent market value. According to analyst projections, ENVX’s forecast low is 5 with 36 as the target high. To hit the forecast high, the stock’s price needs a -276.57% plunge from its current level, while the stock would need to tank 47.7% for it to hit the projected low.

Enovix Corporation (ENVX) estimates and forecasts

Data shows that the Enovix Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 20.86% over the past 6 months, a 3.45% in annual growth rate that is considerably higher than the industry average of -3.40%. Year-over-year growth is forecast to reach 168.70% up from the last financial year.

Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 4.11M. 12 analysts are of the opinion that Enovix Corporation’s revenue for the current quarter will be 7.38M. The company’s revenue for the corresponding quarters a year ago was 200k and 7.38M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1,955.00%. The estimates for the next quarter sales put growth at -0.00%.

The 2024 estimates are for Enovix Corporation earnings to decrease by -0.92%.

ENVX Dividends

Enovix Corporation is expected to release its next quarterly earnings report on 2024-Nov-05.

Enovix Corporation (NASDAQ:ENVX)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 15.17% of Enovix Corporation shares while 48.81% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 57.54%. There are 48.81% institutions holding the Enovix Corporation stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.3225% of the shares, roughly 13.3 million ENVX shares worth $205.65 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.5525% or 10.47 million shares worth $161.91 million as of 2024-06-30.