On Friday, Enovix Corporation (NASDAQ: ENVX) opened higher 2.80% from the last session, before settling in for the closing price of $9.30. Price fluctuations for ENVX have 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. Company’s average yearly earnings per share was noted 7.33% at the time writing. With a float of $157.65 million, this company’s outstanding shares have now reached $177.59 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
A key investor’s attitude towards the stock of the Electrical Equipment & Parts industry is another important factor to consider. The insider ownership of Enovix Corporation is 16.36%, while institutional ownership is 46.52%. The most recent insider transaction that took place on Dec 03 ’24, was worth 729,750. In this transaction Director of this company sold 75,000 shares at a rate of $9.73, taking the stock ownership to the 99,497 shares. Before that another transaction happened on Dec 03 ’24, when Company’s Director proposed sale 75,000 for $9.67, making the entire transaction worth $725,000.
Enovix Corporation (ENVX) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 7.33% per share during the next fiscal year.
Enovix Corporation (NASDAQ: ENVX) Trading Performance Indicators
Check out the current performance indicators for Enovix Corporation (ENVX). In the past quarter, the stock posted a quick ratio of 3.61. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 89.27.
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 -0.63 in one year’s time.
Technical Analysis of Enovix Corporation (ENVX)
Enovix Corporation (NASDAQ: ENVX) saw its 5-day average volume 5.69 million, a positive change from its year-to-date volume of 5.58 million. As of the previous 9 days, the stock’s Stochastic %D was 31.72%. Additionally, its Average True Range was 0.73.
During the past 100 days, Enovix Corporation’s (ENVX) raw stochastic average was set at 21.64%, which indicates a significant decrease from 43.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.24% in the past 14 days, which was lower than the 93.43% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.13, while its 200-day Moving Average is $10.34. Nevertheless, the first resistance level for the watch stands at $9.80 in the near term. At $10.04, the stock is likely to face the second major resistance level. The third major resistance level sits at $10.24. If the price goes on to break the first support level at $9.36, it is likely to go to the next support level at $9.16. The third support level lies at $8.92 if the price breaches the second support level.
Enovix Corporation (NASDAQ: ENVX) Key Stats
There are currently 177,977K shares outstanding in the company with a market cap of 1.85 billion. Presently, the company’s annual sales total 7,640 K according to its annual income of -214,070 K. Last quarter, the company’s sales amounted to 4,320 K and its income totaled -22,540 K.
