Enovix Corporation (NASDAQ: ENVX) on Friday, plunged -1.32% from the previous trading day, before settling in for the closing price of $9.10. Within the past 52 weeks, ENVX’s price has moved between $5.70 and $18.68.
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Annual sales at Industrials sector company grew by 7.75% over the past five years. The company achieved an average annual earnings per share of 7.33%. With a float of $159.63 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
Observing investor behavior towards Electrical Equipment & Parts industry stocks is more important than anything else. The insider ownership of Enovix Corporation is 15.27%, 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
Enovix Corporation (ENVX) is currently performing well based on its current performance indicators. A quick ratio of 3.61 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 80.50.
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 3.76 million, a negative change from its year-to-date volume of 5.54 million. As of the previous 9 days, the stock’s Stochastic %D was 6.43%. Additionally, its Average True Range was 0.67.
During the past 100 days, Enovix Corporation’s (ENVX) raw stochastic average was set at 20.87%, which indicates a significant increase from 1.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 65.99% in the past 14 days, which was lower than the 92.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.10, while its 200-day Moving Average is $10.33. Nevertheless, the first resistance level for the watch stands at $9.19 in the near term. At $9.40, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.52. If the price goes on to break the first support level at $8.86, it is likely to go to the next support level at $8.74. The third support level lies at $8.53 if the price breaches the second support level.
Enovix Corporation (NASDAQ: ENVX) Key Stats
Market capitalization of the company is 1.67 billion based on 177,977K outstanding shares. Right now, sales total 7,640 K and income totals -214,070 K. The company made 4,320 K in profit during its latest quarter, and -22,540 K in sales during its previous quarter.
