In the last trading session, 2.58 million Enovix Corporation (NASDAQ:ENVX) shares changed hands as the company’s beta touched 1.94. With the company’s per share price at $9.25 changed hands at $0.02 or 0.22% during last session, the market valuation stood at $1.75B. ENVX’s last price was a discount, traded about -101.95% 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 38.38% up since then. When we look at Enovix Corporation’s average trading volume, we note the 10-day average is 3.82 million shares, with the 3-month average coming to 6.00 million.
Analysts gave the Enovix Corporation (ENVX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.33. 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 (NASDAQ:ENVX) trade information
Instantly ENVX was in green as seen at the end of in last trading. With action 1.65%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -26.12%, with the 5-day performance at 1.65% in the green. However, in the 30-day time frame, Enovix Corporation (NASDAQ:ENVX) is -11.74% down. Looking at the short shares, we see there were 46.33 million shares sold at short interest cover period of 6.47 days.
The consensus price target for the stock as assigned by Wall Street analysts is 22, meaning bulls need an upside of 57.95% from its current 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 -289.19% plunge from its current level, while the stock would need to tank 45.95% 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 -12.90% over the past 6 months, a 6.90% in annual growth rate that is considerably higher than the industry average of -8.00%.
The 2024 estimates are for Enovix Corporation earnings to increase by 7.33%.
ENVX Dividends
Enovix Corporation is expected to release its next quarterly earnings report in January.
Enovix Corporation (NASDAQ:ENVX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 14.13% of Enovix Corporation shares while 47.12% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 54.87%. There are 47.12% 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.
