During the last session, Enovix Corporation (NASDAQ:ENVX)’s traded shares were 4.36 million, with the beta value of the company hitting 1.93. At the end of the trading day, the stock’s price was $8.62, reflecting an intraday gain of 1.77% or $0.15. The 52-week high for the ENVX share is $18.68, that puts it down -116.71 from that peak though still a striking 33.87% gain since the share price plummeted to a 52-week low of $5.70. The company’s market capitalization is $1.65B, and the average trade volume was 6.75 million shares over the past three months.
Enovix Corporation (ENVX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.33. ENVX has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.17.
Enovix Corporation (NASDAQ:ENVX) trade information
Enovix Corporation (ENVX) registered a 1.77% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.77% in intraday trading to $8.62, hitting a weekly high. The stock’s 5-day price performance is -10.49%, and it has moved by -27.20% in 30 days. Based on these gigs, the overall price performance for the year is -11.50%.
The consensus price target of analysts on Wall Street is $22, which implies an increase of 60.82% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $36 respectively. As a result, ENVX is trading at a discount of -317.63% off the target high and 42.0% off the low.
Enovix Corporation (ENVX) estimates and forecasts
In the rating firms’ projections, revenue will increase 51.69% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 4.72M as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 5.01M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 5.27M and 3.77M respectively. In this case, analysts expect current quarter sales to shrink by -10.49% and then jump by 33.06% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 2.05%. While earnings are projected to return 8.05% in 2025.
ENVX Dividends
Enovix Corporation is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 10.47 million shares, is of BLACKROCK INC.’s that is approximately 6.5525% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $161.91 million.
Also, the Mutual Funds coming in first place with the largest holdings of Enovix Corporation (ENVX) shares are iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund . Data provided on Dec 31, 2024 indicates that iShares Russell 2000 ETF owns about 4.41 shares. This amounts to just over 2.31 percent of the company’s overall shares, with a $38.01 million market value. The same data shows that the other fund manager holds slightly less at 4.26, or about 2.23% of the stock, which is worth about $36.69 million.
