In last trading session, Enovix Corporation (NASDAQ:ENVX) saw 3.53 million shares changing hands with its beta currently measuring 1.97. Company’s recent per share price level of $7.63 trading at $0.19 or 2.55% at ring of the bell on the day assigns it a market valuation of $1.46B. That closing price of ENVX’s stock is at a discount of -144.82% from its 52-week high price of $18.68 and is indicating a premium of 25.29% 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 3.96 million shares which gives us an average trading volume of 6.25 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 1.33. 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.
Enovix Corporation (NASDAQ:ENVX) trade information
Upright in the green during last session for gaining 2.55%, in the last five days ENVX remained trading in the red while hitting it’s week-highest on Thursday, 03/27/25 when the stock touched $7.63 price level, adding 8.84% to its value on the day. Enovix Corporation’s shares saw a change of -29.81% in year-to-date performance and have moved -6.27% in past 5-day. Enovix Corporation (NASDAQ:ENVX) showed a performance of -9.92% in past 30-days. Number of shares sold short was 47.09 million shares which calculate 7.17 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 65.32% 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 34.47% in reaching the projected high whereas dropping to the targeted low would mean a gain of 34.47% for stock’s current value.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 2.05% during past 5 years.
Enovix Corporation (NASDAQ:ENVX)’s Major holders
Insiders are in possession of 13.60% of company’s total shares while institution are holding 48.86 percent of that, with stock having share float percentage of 56.55%. Investors also watch the number of corporate investors in a company very closely, which is 48.86% 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 6.0748 of outstanding shares, having a total worth of $161.91 million.
