Enovix Corporation (NASDAQ: ENVX) kicked off on November 20, 2023, at the price of $11.63, up 0.17% from the previous trading day. During the day, the shares moved up to $12.145 and dropped to $11.3299 before settling in for the closing price of $11.60. Over the past 52 weeks, ENVX has traded in a range of $6.50-$23.90.
While this was happening, its average annual earnings per share was recorded -61.63%. With a float of $135.19 million, this company’s outstanding shares have now reached $157.46 million.
Let’s look at the performance matrix of the company that is accounted for 335 employees. In terms of profitability, gross margin is -274.70, operating margin of -2048.66, and the pretax margin is -832.34.
Enovix Corporation (ENVX) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Electrical Equipment & Parts Industry. The insider ownership of Enovix Corporation is 19.42%, while institutional ownership is 51.27%. The most recent insider transaction that took place on Aug 24, was worth 19,990. In this transaction President and CEO of this company bought 1,434 shares at a rate of $13.94, taking the stock ownership to the 2,018,901 shares. Before that another transaction happened on Aug 11, when Company’s Director sold 36,000 for $16.25, making the entire transaction worth $585,000. This insider now owns 159,369 shares in total.
Enovix Corporation (ENVX) Latest Financial update
In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported -$0.19 earnings per share (EPS), higher than consensus estimate (set at -$0.23) by $0.04. This company achieved a net margin of -832.34 while generating a return on equity of -15.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.24 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -61.63% per share during the next fiscal year.
Enovix Corporation (NASDAQ: ENVX) Trading Performance Indicators
Take a look at Enovix Corporation’s (ENVX) current performance indicators. Last quarter, stock had a quick ratio of 8.51. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1433.45.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.45, a number that is poised to hit -0.27 in the next quarter and is forecasted to reach -0.93 in one year’s time.
Technical Analysis of Enovix Corporation (ENVX)
Enovix Corporation (NASDAQ: ENVX) saw its 5-day average volume 4.84 million, a negative change from its year-to-date volume of 5.8 million. As of the previous 9 days, the stock’s Stochastic %D was 57.53%. Additionally, its Average True Range was 0.85.
During the past 100 days, Enovix Corporation’s (ENVX) raw stochastic average was set at 21.11%, which indicates a significant decrease from 71.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 93.02% in the past 14 days, which was higher than the 70.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.12, while its 200-day Moving Average is $13.09. Nevertheless, the first resistance level for the watch stands at $12.07 in the near term. At $12.51, the stock is likely to face the second major resistance level. The third major resistance level sits at $12.88. If the price goes on to break the first support level at $11.25, it is likely to go to the next support level at $10.88. The third support level lies at $10.44 if the price breaches the second support level.
Enovix Corporation (NASDAQ: ENVX) Key Stats
The company with the Market Capitalisation of 1.95 billion has total of 167,774K Shares Outstanding. Its annual sales at the moment are 6,200 K in contrast with the sum of -51,620 K annual income. Company’s last quarter sales were recorded 200 K and last quarter income was -16,190 K.