On Monday, Enovix Corporation (NASDAQ: ENVX) opened lower -9.58% from the last session, before settling in for the closing price of $12.32. 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 7.47% at the time writing. With a float of $159.90 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 -74.67%, operating margin of -1316.09%, and the pretax margin is -1197.3%.
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 15.12%, while institutional ownership is 46.50%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.47% 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 101.19.
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 6.67 million, a negative change from its year-to-date volume of 8.22 million. As of the previous 9 days, the stock’s Stochastic %D was 61.59%. Additionally, its Average True Range was 1.09.
During the past 100 days, Enovix Corporation’s (ENVX) raw stochastic average was set at 42.89%, which indicates a significant increase from 12.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 113.00% in the past 14 days, which was higher than the 98.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.17, while its 200-day Moving Average is $10.69. Nevertheless, the first resistance level for the watch stands at $11.69 in the near term. At $12.24, the stock is likely to face the second major resistance level. The third major resistance level sits at $12.66. If the price goes on to break the first support level at $10.72, it is likely to go to the next support level at $10.30. The third support level lies at $9.75 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 2.10 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.
