In last trading session, Enovix Corporation (NASDAQ:ENVX) saw 6.4 million shares changing hands with its beta currently measuring 1.98. Company’s recent per share price level of $9.08 trading at -$0.06 or -0.66% at ring of the bell on the day assigns it a market valuation of $1.71B. That closing price of ENVX’s stock is at a discount of -105.73% from its 52-week high price of $18.68 and is indicating a premium of 37.22% from its 52-week low price of $5.70. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.74 million shares which gives us an average trading volume of 6.10 million if we extend that period to 3-months.
For Enovix Corporation (ENVX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.31. Splitting up the data highlights that, out of 9 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.18 in the current quarter.
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Enovix Corporation (NASDAQ:ENVX) trade information
Upright in the red during last session for losing -0.66%, in the last five days ENVX remained trading in the red while hitting it’s week-highest on Friday, 11/01/24 when the stock touched $9.08 price level, adding 4.92% to its value on the day. Enovix Corporation’s shares saw a change of -27.48% in year-to-date performance and have moved -13.36% in past 5-day. Enovix Corporation (NASDAQ:ENVX) showed a performance of -23.15% in past 30-days. Number of shares sold short was 51.82 million shares which calculate 9.18 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 22 to the stock, which implies a rise of 58.73% to its current value. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 36. It follows that stock’s current price would jump 44.93% in reaching the projected high whereas dropping to the targeted low would mean a gain of 44.93% for stock’s current value.
Enovix Corporation (ENVX) estimates and forecasts
Statistics highlight that Enovix Corporation is scoring comparatively higher than the scores of other players of the relevant industry. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 189.60% from the last financial year’s standing.
12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 8.77M for the same. And 9 analysts are in estimates of company making revenue of 6.18M in the next quarter. Company posted 7.38M and 5.27M of sales in current and next quarters respectively a year earlier.
Enovix Corporation (NASDAQ:ENVX)’s Major holders
Insiders are in possession of 14.19% of company’s total shares while institution are holding 45.41 percent of that, with stock having share float percentage of 52.91%. Investors also watch the number of corporate investors in a company very closely, which is 45.41% institutions for Enovix Corporation that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at ENVX for having 13.3 million shares of worth $205.65 million. And as of 2024-06-30, it was holding 8.3225 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 10.47 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.5525 of outstanding shares, having a total worth of $161.91 million.
