A share price of Enovix Corporation [ENVX] is currently trading at $11.92, up 9.66%. An important factor to consider is whether the stock is rising or falling in short-term value. The ENVX shares have gain 2.32% over the last week, with a monthly amount drifted -31.89%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Enovix Corporation [NASDAQ: ENVX] stock has seen the most recent analyst activity on July 22, 2024, when The Benchmark Company initiated its Buy rating and assigned the stock a price target of $25. On July 21, 2023, downgrade downgraded it’s rating to Market Perform and revised its price target to $20 on the stock. Canaccord Genuity started tracking the stock assigning a Buy rating and suggested a price target of $20 on January 11, 2023. B. Riley Securities initiated its recommendation with a Buy and recommended $19 as its price target on December 02, 2022. Janney started tracking with a Buy rating for this stock on November 04, 2022, and assigned it a price target of $23. In a note dated September 28, 2022, Cantor Fitzgerald initiated an Overweight rating and provided a target price of $25 on this stock.
Enovix Corporation experienced fluctuations in its stock price throughout the past year between $5.70 and $18.68. Currently, Wall Street analysts expect the stock to reach $21.17 within the next 12 months. Enovix Corporation [NASDAQ: ENVX] shares were valued at $11.92 at the most recent close of the market. An investor can expect a potential return of 77.6% based on the average ENVX price forecast.
Analyzing the ENVX fundamentals
Trailing Twelve Months sales for Enovix Corporation [NASDAQ:ENVX] were 16.62M which represents 8871.43% growth. 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 11.16 points at the first support level, and at 10.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.45, and for the 2nd resistance point, it is at 12.98.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Enovix Corporation [NASDAQ:ENVX] is 3.98. On the other hand, the Quick Ratio is 3.84, and the Cash Ratio is 6.14. Considering the valuation of this stock, the price to sales ratio is 126.43, the price to book ratio is 12.27.
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.
