A new trading day began on Monday, with Enovix Corporation (NASDAQ: ENVX) stock price down -4.47% from the previous day of trading, before settling in for the closing price of $6.26. ENVX’s price has ranged from $5.86 to $23.90 over the past 52 weeks.
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Industrials Sector giant saw their annual sales surged by 7.75% over the last five years. Meanwhile, its annual earnings per share averaged -14.94%. With a float of $136.82 million, this company’s outstanding shares have now reached $167.39 million.
The firm has a total of 561 workers. Let’s measure their productivity.
Enovix Corporation (ENVX) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Electrical Equipment & Parts Industry. The insider ownership of Enovix Corporation is 18.80%, while institutional ownership is 50.96%. The most recent insider transaction that took place on Apr 14 ’24, was worth 36,214. In this transaction Chief Operating Officer of this company sold 4,954 shares at a rate of $7.31, taking the stock ownership to the 978,913 shares. Before that another transaction happened on Aug 24 ’23, when Company’s President and CEO bought 1,434 for $13.94, making the entire transaction worth $19,990. This insider now owns 2,018,901 shares in total.
Enovix Corporation (ENVX) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -14.94% per share during the next fiscal year.
Enovix Corporation (NASDAQ: ENVX) Trading Performance Indicators
Here are Enovix Corporation’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 5.15. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 131.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.55, a number that is poised to hit -0.31 in the next quarter and is forecasted to reach -0.82 in one year’s time.
Technical Analysis of Enovix Corporation (ENVX)
Analysing the last 5-days average volume posted by the [Enovix Corporation, ENVX], we can find that recorded value of 6.96 million was better than the volume posted last year of 4.46 million. As of the previous 9 days, the stock’s Stochastic %D was 12.67%. Additionally, its Average True Range was 0.54.
During the past 100 days, Enovix Corporation’s (ENVX) raw stochastic average was set at 2.00%, which indicates a significant decrease from 7.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 70.51% in the past 14 days, which was lower than the 73.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.71, while its 200-day Moving Average is $11.99. Now, the first resistance to watch is $6.25. This is followed by the second major resistance level at $6.51. The third major resistance level sits at $6.74. If the price goes on to break the first support level at $5.76, it is likely to go to the next support level at $5.53. Should the price break the second support level, the third support level stands at $5.27.
Enovix Corporation (NASDAQ: ENVX) Key Stats
With a market capitalization of 1.01 billion, the company has a total of 168,504K Shares Outstanding. Currently, annual sales are 7,640 K while annual income is -214,070 K. The company’s previous quarter sales were 7,380 K while its latest quarter income was -59,980 K.
