Enovix Corporation [ENVX] stock is trading at $18.12, up 2.03%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ENVX shares have gain 13.25% over the last week, with a monthly amount glided 46.60%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, TD Cowen downgraded its rating to Market Perform on July 21, 2023, and elevated its price target to $20. On January 11, 2023, Canaccord Genuity initiated with a Buy rating and assigned a price target of $20 on the stock. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $19 on December 02, 2022. Janney initiated its recommendation with a Buy and recommended $23 as its price target on November 04, 2022. Cantor Fitzgerald started tracking with a Overweight rating for this stock on September 28, 2022, and assigned it a price target of $25.
Enovix Corporation [ENVX] stock has fluctuated between $5.70 and $23.90 over the past year. Currently, Wall Street analysts expect the stock to reach $25.75 within the next 12 months. Enovix Corporation [NASDAQ: ENVX] shares were valued at $18.12 at the most recent close of the market. An investor can expect a potential return of 42.11% based on the average ENVX price forecast.
Analyzing the ENVX fundamentals
Enovix Corporation [NASDAQ:ENVX] reported sales of 12.89M for the trailing twelve months, which represents a growth of 25004.76%. Gross Profit Margin for this corporation currently stands at -163.61% with Operating Profit Margin at -629.19%, Pretax Profit Margin comes in at -585.91%, and Net Profit Margin reading is -674.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.34, Equity is -0.66 and Total Capital is -0.35. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.69.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.71 points at the first support level, and at 17.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.42, and for the 2nd resistance point, it is at 18.72.
Ratios To Look Out For
For context, Enovix Corporation’s Current Ratio is 4.89. In addition, the Quick Ratio stands at 4.77 and the Cash Ratio stands at 6.14. Considering the valuation of this stock, the price to sales ratio is 238.98, the price to book ratio is 13.41.
Transactions by insiders
Recent insider trading involved Reichow Gregory, Director, that happened on Jun 20 ’24 when 7500.0 shares were sold. Chief Operating Officer, Marathe Ajay completed a deal on Apr 14 ’24 to sell 4954.0 shares. Meanwhile, President and CEO Talluri Rajendra K bought 1434.0 shares on Aug 24 ’23.
