On Monday, Enovix Corporation (NASDAQ: ENVX) was -4.75% drop from the session before settling in for the closing price of $6.31. A 52-week range for ENVX has been $5.69 – $18.68.
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Annual sales at Industrials sector company grew by 56.28% over the past five years. When this article was written, the company’s average yearly earnings per share was at 7.88%. With a float of $162.20 million, this company’s outstanding shares have now reached $190.56 million.
Let’s look at the performance matrix of the company that is accounted 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 and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Enovix Corporation stocks. The insider ownership of Enovix Corporation is 15.20%, while institutional ownership is 48.42%. 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) Latest Financial update
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
You can see what Enovix Corporation (ENVX) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 5.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 49.83.
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)
Enovix Corporation (NASDAQ: ENVX) saw its 5-day average volume 7.81 million, a positive change from its year-to-date volume of 6.41 million. As of the previous 9 days, the stock’s Stochastic %D was 12.35%. Additionally, its Average True Range was 0.72.
During the past 100 days, Enovix Corporation’s (ENVX) raw stochastic average was set at 3.41%, which indicates a significant decrease from 10.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 81.40% in the past 14 days, which was lower than the 88.22% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.35, while its 200-day Moving Average is $10.72. Nevertheless, the first resistance level for the watch stands at $6.65 in the near term. At $7.29, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.79. If the price goes on to break the first support level at $5.51, it is likely to go to the next support level at $5.01. The third support level lies at $4.37 if the price breaches the second support level.
Enovix Corporation (NASDAQ: ENVX) Key Stats
There are 191,274K outstanding shares of the company, which has a market capitalization of 1.15 billion. As of now, sales total 23,070 K while income totals -222,240 K. Its latest quarter income was 9,720 K while its last quarter net income were -37,470 K.
