In last trading session, Enovix Corporation (NASDAQ:ENVX) saw 4.02 million shares changing hands with its beta currently measuring 2.01. Company’s recent per share price level of $6.79 trading at $0.47 or 7.44% at ring of the bell on the day assigns it a market valuation of $1.30B. That closing price of ENVX’s stock is at a discount of -175.11% from its 52-week high price of $18.68 and is indicating a premium of 22.39% from its 52-week low price of $5.27. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.83 million shares which gives us an average trading volume of 5.87 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 1.36. 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 7.44%, in the last five days ENVX remained trading in the green while hitting it’s week-highest on Wednesday, 04/23/25 when the stock touched $6.79 price level, adding 0.73% to its value on the day. Enovix Corporation’s shares saw a change of -37.53% in year-to-date performance and have moved 16.47% in past 5-day. Enovix Corporation (NASDAQ:ENVX) showed a performance of -22.31% in past 30-days. Number of shares sold short was 46.52 million shares which calculate 9.37 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 69.14% 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 26.36% in reaching the projected high whereas dropping to the targeted low would mean a gain of 26.36% 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 14.37% of company’s total shares while institution are holding 49.12 percent of that, with stock having share float percentage of 57.36%. Investors also watch the number of corporate investors in a company very closely, which is 49.12% 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 7.7157 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.
On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 5.01 shares of worth $34.02 million or 2.62% of the total outstanding shares. The later fund manager was in possession of 4.33 shares on Mar 31, 2025 , making its stake of worth around $29.4 million in the company or a holder of 2.26% of company’s stock.
