A new trading day began on Friday, with Enovix Corporation (NASDAQ: ENVX) stock price up 0.33% from the previous day of trading, before settling in for the closing price of $9.01. ENVX’s price has ranged from $5.70 to $18.68 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 7.75% over the past five years. Meanwhile, its annual earnings per share averaged 6.39%. With a float of $148.82 million, this company’s outstanding shares have now reached $167.39 million.
Let’s look at the performance matrix of the company that is accounted for 561 employees. 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 and Institutional Ownership
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 16.38%, while institutional ownership is 47.36%. 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) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.28 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.39% 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 3.61. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 77.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.62, a number that is poised to hit -0.19 in the next quarter and is forecasted to reach -0.64 in one year’s time.
Technical Analysis of Enovix Corporation (ENVX)
Enovix Corporation (NASDAQ: ENVX) saw its 5-day average volume 13.7 million, a positive change from its year-to-date volume of 5.63 million. As of the previous 9 days, the stock’s Stochastic %D was 24.81%. Additionally, its Average True Range was 0.99.
During the past 100 days, Enovix Corporation’s (ENVX) raw stochastic average was set at 14.95%, which indicates a significant decrease from 20.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 90.99% in the past 14 days, which was lower than the 103.02% 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 $10.48. Nevertheless, the first resistance level for the watch stands at $9.39 in the near term. At $9.74, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.93. If the price goes on to break the first support level at $8.85, it is likely to go to the next support level at $8.66. The third support level lies at $8.31 if the price breaches the second support level.
Enovix Corporation (NASDAQ: ENVX) Key Stats
With a market capitalization of 1.61 billion, the company has a total of 177,977K Shares Outstanding. Currently, annual sales are 7,640 K while annual income is -214,070 K. The company’s previous quarter sales were 3,770 K while its latest quarter income was -115,870 K.
