Enovix Corporation (NASDAQ: ENVX) kicked off on Tuesday, down -1.66% from the previous trading day, before settling in for the closing price of $11.46. Over the past 52 weeks, ENVX has traded in a range of $5.70-$18.68.
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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 7.75%. While this was happening, its average annual earnings per share was recorded -0.69%. With a float of $147.39 million, this company’s outstanding shares have now reached $167.39 million.
The extent of productivity of a business whose workforce counts for 561 workers is very important to gauge. In terms of profitability, gross margin is -189.23%, operating margin of -1648.79%, and the pretax margin is -1468.25%.
Enovix Corporation (ENVX) Insider Updates
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 16.39%, while institutional ownership is 47.91%. The most recent insider transaction that took place on Oct 14 ’24, was worth 455,000. In this transaction Chief Legal Officer of this company sold 35,000 shares at a rate of $13.00, taking the stock ownership to the 343,305 shares. Before that another transaction happened on Oct 14 ’24, when Company’s Officer proposed sale 35,000 for $12.79, making the entire transaction worth $447,650.
Enovix Corporation (ENVX) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.19 earnings per share (EPS), higher than consensus estimate (set at -0.23) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.2 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -0.69% 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 3.84. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 119.54.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.62, a number that is poised to hit -0.21 in the next quarter and is forecasted to reach -0.75 in one year’s time.
Technical Analysis of Enovix Corporation (ENVX)
The latest stats from [Enovix Corporation, ENVX] show that its last 5-days average volume of 4.89 million was inferior to 5.46 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 32.96%. Additionally, its Average True Range was 0.86.
During the past 100 days, Enovix Corporation’s (ENVX) raw stochastic average was set at 34.66%, which indicates a significant decrease from 40.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 86.53% in the past 14 days, which was lower than the 100.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.05, while its 200-day Moving Average is $10.51. Now, the first resistance to watch is $11.50. This is followed by the second major resistance level at $11.74. The third major resistance level sits at $11.91. If the price goes on to break the first support level at $11.09, it is likely to go to the next support level at $10.92. Assuming the price breaks the second support level, the third support level stands at $10.68.
Enovix Corporation (NASDAQ: ENVX) Key Stats
The company with the Market Capitalisation of 1.99 billion has total of 170,000K Shares Outstanding. Its annual sales at the moment are 7,640 K in contrast with the sum of -214,070 K annual income. Company’s last quarter sales were recorded 3,770 K and last quarter income was -115,870 K.
