Enovix Corporation (NASDAQ: ENVX) on Monday, plunged -1.87% from the previous trading day, before settling in for the closing price of $7.48. Within the past 52 weeks, ENVX’s price has moved between $5.70 and $18.68.
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During the last 5-year period, the sales growth of Industrials Sector giant was 56.28%. The company achieved an average annual earnings per share of 7.88%. With a float of $162.98 million, this company’s outstanding shares have now reached $190.56 million.
Let’s determine the extent of company efficiency that accounts for 570 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 Activity
Observing investor behavior towards Electrical Equipment & Parts industry stocks is more important than anything else. The insider ownership of Enovix Corporation is 14.79%, while institutional ownership is 48.43%. The most recent insider transaction that took place on Feb 27 ’25, was worth 2,805,000. In this transaction President and CEO of this company sold 300,000 shares at a rate of $9.35, taking the stock ownership to the 2,045,301 shares. Before that another transaction happened on Feb 27 ’25, when Company’s Officer proposed sale 300,000 for $9.63, making the entire transaction worth $2,889,000.
Enovix Corporation (ENVX) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.88% 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 5.35 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 60.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.45, a number that is poised to hit -0.18 in the next quarter and is forecasted to reach -0.56 in one year’s time.
Technical Analysis of Enovix Corporation (ENVX)
Looking closely at Enovix Corporation (NASDAQ: ENVX), its last 5-days average volume was 4.11 million, which is a drop from its year-to-date volume of 6.29 million. As of the previous 9 days, the stock’s Stochastic %D was 19.16%. Additionally, its Average True Range was 0.65.
During the past 100 days, Enovix Corporation’s (ENVX) raw stochastic average was set at 4.32%, which indicates a significant decrease from 18.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.83% in the past 14 days, which was lower than the 87.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.83, while its 200-day Moving Average is $10.87. However, in the short run, Enovix Corporation’s stock first resistance to watch stands at $7.58. Second resistance stands at $7.82. The third major resistance level sits at $8.14. If the price goes on to break the first support level at $7.02, it is likely to go to the next support level at $6.70. Should the price break the second support level, the third support level stands at $6.46.
Enovix Corporation (NASDAQ: ENVX) Key Stats
Market capitalization of the company is 1.40 billion based on 191,274K outstanding shares. Right now, sales total 23,070 K and income totals -222,240 K. The company made 9,720 K in profit during its latest quarter, and -37,470 K in sales during its previous quarter.
