On Thursday, Enovix Corporation (NASDAQ: ENVX) remained unchanged from the previous day of trading 5.66% from the last session, before settling in for the closing price of $5.83. Price fluctuations for ENVX have 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. Company’s average yearly earnings per share was noted 2.94% at the time writing. With a float of $162.24 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 Updates
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 15.18%, while institutional ownership is 48.50%. 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) Performance Highlights and Predictions
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 2.94% 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 5.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 51.07.
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 -0.60 in one year’s time.
Technical Analysis of Enovix Corporation (ENVX)
Enovix Corporation (NASDAQ: ENVX) saw its 5-day average volume 4.61 million, a negative change from its year-to-date volume of 6.41 million. As of the previous 9 days, the stock’s Stochastic %D was 41.27%. Additionally, its Average True Range was 0.69.
During the past 100 days, Enovix Corporation’s (ENVX) raw stochastic average was set at 8.14%, which indicates a significant decrease from 35.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 125.40% in the past 14 days, which was higher than the 94.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.43, while its 200-day Moving Average is $10.39. Nevertheless, the first resistance level for the watch stands at $6.33 in the near term. At $6.50, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.81. If the price goes on to break the first support level at $5.86, it is likely to go to the next support level at $5.55. Assuming the price breaks the second support level, the third support level stands at $5.38.
Enovix Corporation (NASDAQ: ENVX) Key Stats
There are currently 191,274K shares outstanding in the company with a market cap of 1.18 billion. Presently, the company’s annual sales total 23,070 K according to its annual income of -222,240 K. Last quarter, the company’s sales amounted to 9,720 K and its income totaled -37,470 K.
