Enovix Corporation [ENVX] stock is trading at $12.79, up 9.36%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ENVX shares have gain 7.66% over the last week, with a monthly amount glided 36.94%, and 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 [ENVX] stock has fluctuated between $5.70 and $18.68 over the past year. Currently, Wall Street analysts expect the stock to reach $21.17 within the next 12 months. Enovix Corporation [NASDAQ: ENVX] shares were valued at $12.79 at the most recent close of the market. An investor can expect a potential return of 65.52% based on the average ENVX price forecast.
Analyzing the ENVX fundamentals
Enovix Corporation [NASDAQ:ENVX] reported sales of 16.62M for the trailing twelve months, which represents a growth of 8871.43%. Gross Profit Margin for this corporation currently stands at -1.89% with Operating Profit Margin at -16.49%, Pretax Profit Margin comes in at -14.68%, and Net Profit Margin reading is -14.34%. To continue investigating profitability, this company’s Return on Assets is posted at -0.49, Equity is -1.05 and Total Capital is -0.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.14.
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 11.89 points at the first support level, and at 10.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.32, and for the 2nd resistance point, it is at 13.85.
Ratios To Look Out For
For context, Enovix Corporation’s Current Ratio is 3.98. Also, the Quick Ratio is 3.84, while the Cash Ratio stands at 3.46. Considering the valuation of this stock, the price to sales ratio is 135.66, the price to book ratio is 13.16.
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.
