Enovix Corporation (NASDAQ:ENVX) has a beta value of 1.95 and has seen 5.74 million shares traded in the last trading session. The company, currently valued at $2.25B, closed the last trade at $12.79 per share which meant it gained $1.1 on the day or 9.36% during that session. The ENVX stock price is -46.05% off its 52-week high price of $18.68 and 55.43% above the 52-week low of $5.70. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.45 million shares traded. The 3-month trading volume is 5.67 million shares.
The consensus among analysts is that Enovix Corporation (ENVX) is Buy stock at the moment, with a recommendation rating of 1.17. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 9 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight.
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Enovix Corporation (NASDAQ:ENVX) trade information
Sporting 9.36% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ENVX stock price touched $12.79 or saw a rise of 1.24%. Year-to-date, Enovix Corporation shares have moved 2.16%, while the 5-day performance has seen it change 7.66%. Over the past 30 days, the shares of Enovix Corporation (NASDAQ:ENVX) have changed 36.94%. Short interest in the company has seen 53.44 million shares shorted with days to cover at 10.03.
Wall Street analysts have a consensus price target for the stock at $22, which means that the shares’ value could jump 41.86% from current levels. The projected low price target is $5.0 while the price target rests at a high of $36.0. In that case, then, we find that the current price level is -181.47% off the targeted high while a plunge would see the stock lose 60.91% from current levels.
Enovix Corporation (ENVX) estimates and forecasts
Figures show that Enovix Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained 74.97% over the past 6 months, with this year growth rate of 3.45%, compared to -6.30% for the industry.
ENVX Dividends
Enovix Corporation is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Enovix Corporation (NASDAQ:ENVX)’s Major holders
Insiders own 15.17% of the company shares, while shares held by institutions stand at 48.25% with a share float percentage of 56.88%. Investors are also buoyed by the number of investors in a company, with Enovix Corporation having a total of 357.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 13.3 million shares worth more than $205.65 million. As of 2024-06-30, VANGUARD GROUP INC held 8.3225% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 10.47 million shares as of 2024-06-30. The firm’s total holdings are worth over $161.91 million and represent 6.5525% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 2.39% shares in the company for having 4.21 shares of worth $53.79 million while later fund manager owns 3.97 shares of worth $50.8 million as of Aug 31, 2024 , which makes it owner of about 2.25% of company’s outstanding stock.
