In the last trading session, 7.38 million shares of the Enovix Corporation (NASDAQ:ENVX) were traded, and its beta was 1.94. Most recently the company’s share price was $12.11, and it changed around $0.23 or 1.94% from the last close, which brings the market valuation of the company to $2.13B. ENVX currently trades at a discount to its 52-week high of $18.68, offering almost -54.25% off that amount. The share price’s 52-week low was $5.70, which indicates that the current value has risen by an impressive 52.93% since then. We note from Enovix Corporation’s average daily trading volume that its 10-day average is 5.3 million shares, with the 3-month average coming to 5.67 million.
Enovix Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 1.17. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended ENVX as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight.
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Enovix Corporation (NASDAQ:ENVX) trade information
Instantly ENVX has showed a green trend with a performance of 1.94% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 12.33 on recent trading dayincreased the stock’s daily price by 1.78%. The company’s shares are currently down -3.27% year-to-date, but still up 29.66% over the last five days. On the other hand, Enovix Corporation (NASDAQ:ENVX) is 52.33% up in the 30-day period. We can see from the shorts that 52.78 million shares have been sold at a short interest cover period of 10.69 day(s).
The consensus price target as assigned by Wall Street analysts is $22, which translates to bulls needing to increase their stock price by 44.95% from its current value. Analyst projections state that ENVX is forecast to be at a low of $5 and a high of $36.
Enovix Corporation (ENVX) estimates and forecasts
Enovix Corporation share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 63.87 percent over the past six months and at a 3.45% annual growth rate that is well above the industry average of -4.50%.
ENVX Dividends
Enovix Corporation’s next quarterly earnings report is expected to be released on 2024-Nov-05.
Enovix Corporation (NASDAQ:ENVX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 15.17% of Enovix Corporation shares, and 48.80% of them are in the hands of institutional investors. The stock currently has a share float of 57.53%. Enovix Corporation stock is held by 357.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.3225% of the shares, which is about 13.3 million shares worth $205.65 million.
BLACKROCK INC., with 6.5525% or 10.47 million shares worth $161.91 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Jun 30, 2024 . The former held 4.21 shares worth $50.93 million, making up 2.39% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 3.97 shares worth around $48.1 million, which represents about 2.25% of the total shares outstanding.
