A new trading day began on Monday, with Enovix Corporation (NASDAQ: ENVX) stock price up 0.50% from the previous day of trading, before settling in for the closing price of $5.98. ENVX’s price has ranged from $5.27 to $18.68 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 56.28% over the past five years. Meanwhile, its annual earnings per share averaged 7.88%. With a float of $162.23 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Electrical Equipment & Parts Industry. The insider ownership of Enovix Corporation is 15.18%, while institutional ownership is 48.40%. 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
Here are Enovix Corporation’s current performance indicators. According to the last quarter’s results, the stock had 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 7.76 million, a positive change from its year-to-date volume of 6.5 million. As of the previous 9 days, the stock’s Stochastic %D was 27.89%. Additionally, its Average True Range was 0.78.
During the past 100 days, Enovix Corporation’s (ENVX) raw stochastic average was set at 6.77%, which indicates a significant decrease from 21.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 123.63% in the past 14 days, which was higher than the 94.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.78, while its 200-day Moving Average is $10.53. Nevertheless, the first resistance level for the watch stands at $6.34 in the near term. At $6.66, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.93. If the price goes on to break the first support level at $5.75, it is likely to go to the next support level at $5.48. The third support level lies at $5.16 if the price breaches the second support level.
Enovix Corporation (NASDAQ: ENVX) Key Stats
With a market capitalization of 1.15 billion, the company has a total of 191,274K Shares Outstanding. Currently, annual sales are 23,070 K while annual income is -222,240 K. The company’s previous quarter sales were 9,720 K while its latest quarter income was -37,470 K.
