In the latest trading session,, 1.31 million Enovix Corporation (NASDAQ:ENVX) shares changed hands as the company’s beta touched 2.04. With the company’s most recent per share price at $7.82 changed hands at -$0.46 or -5.58% at last look, the market valuation stands at $1.50B. ENVX’s current price is a discount, trading about -138.87% off its 52-week high of $18.68. The share price had its 52-week low at $5.27, which suggests the last value was 32.61% up since then.
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 red as seen in intraday trades today. With action 4.52%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -28.07%, with the 5-day performance at 4.52% in the green. However, in the 30-day time frame, Enovix Corporation (NASDAQ:ENVX) is 26.92% up.
The consensus price target for the stock as assigned by Wall Street analysts is 22, meaning bulls need an upside of 64.45% from its recent 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 -360.36% plunge from its current level, while the stock would need to tank 36.06% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 2.05%. The 2025 estimates are for Enovix Corporation earnings to increase by 2.74%.
ENVX Dividends
Enovix Corporation is expected to release its next quarterly earnings report in June.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.0748% or 10.47 million shares worth $161.91 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . With 5.01 shares estimated at $38.95 million under it, the former controlled 2.61% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 2.26% of the shares, roughly 4.33 shares worth around $33.66 million.
