Enovix Corporation (NASDAQ:ENVX) has a beta value of 1.98 and has seen 7.87 million shares traded in the last trading session. The company, currently valued at $1.61B, closed the last trade at $9.03 per share which meant it gained $0.02 on the day or 0.33% during that session. The ENVX stock price is -106.87% off its 52-week high price of $18.68 and 36.88% 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 8.74 million shares traded. The 3-month trading volume is 6.22 million shares.
The consensus among analysts is that Enovix Corporation (ENVX) is Buy stock at the moment, with a recommendation rating of 1.31. 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. The expected earnings per share for the stock is -0.19.
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Enovix Corporation (NASDAQ:ENVX) trade information
Sporting 0.33% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ENVX stock price touched $9.03 or saw a rise of 23.93%. Year-to-date, Enovix Corporation shares have moved -27.84%, while the 5-day performance has seen it change -13.21%. Over the past 30 days, the shares of Enovix Corporation (NASDAQ:ENVX) have changed -15.16%. Short interest in the company has seen 51.82 million shares shorted with days to cover at 9.18.
Wall Street analysts have a consensus price target for the stock at $22, which means that the shares’ value could jump 58.95% 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 -298.67% off the targeted high while a plunge would see the stock lose 44.63% 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 lost -10.46% over the past 6 months, with this year growth rate of 4.60%, compared to -6.00% for the industry. Revenue growth from the last financial year stood is estimated to be 186.20%.
12 analysts offering their estimates for the company have set an average revenue estimate of 8.38M for the current quarter. 9 have an estimated revenue figure of 5.72M for the next ending quarter. Year-ago sales stood 7.38M and 5.27M respectively for this quarter and the next, and analysts expect sales will grow by 13.50% for the current quarter and 186.20% for the next.
ENVX Dividends
Enovix Corporation is expected to release its next earnings report in December 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 14.99% of the company shares, while shares held by institutions stand at 47.93% with a share float percentage of 56.38%. Investors are also buoyed by the number of investors in a company, with Enovix Corporation having a total of 364.0 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.
