Enovix Corporation [ENVX] stock is trading at $6.32, up 2.60%. 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 5.16% over the last week, with a monthly amount drifted -28.51%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Enovix Corporation [NASDAQ: ENVX] stock has seen the most recent analyst activity on October 31, 2024, when Janney downgraded its rating to a Neutral. Previously, The Benchmark Company started tracking the stock with Buy rating on July 22, 2024, and set its price target to $25. On December 18, 2023, William Blair initiated with a Outperform rating. TD Cowen downgraded its rating to a Market Perform and increased its price target to $20 on July 21, 2023. Canaccord Genuity initiated its recommendation with a Buy and recommended $20 as its price target on January 11, 2023. B. Riley Securities started tracking with a Buy rating for this stock on December 02, 2022, and assigned it a price target of $19. In a note dated November 04, 2022, Janney initiated an Buy rating and provided a target price of $23 on this stock.
Enovix Corporation [ENVX] stock has fluctuated between $5.27 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 $6.32 at the most recent close of the market. An investor can expect a potential return of 234.97% based on the average ENVX price forecast.
Analyzing the ENVX fundamentals
Enovix Corporation [NASDAQ:ENVX] reported sales of 23.07M for the trailing twelve months, which represents a growth of 31.65%. Gross Profit Margin for this corporation currently stands at -0.75% with Operating Profit Margin at -13.16%, Pretax Profit Margin comes in at -11.97%, and Net Profit Margin reading is -11.8%. To continue investigating profitability, this company’s Return on Assets is posted at -0.55, Equity is -1.19 and Total Capital is -0.7. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.16.
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 6.10 points at the first support level, and at 5.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.70, and for the 2nd resistance point, it is at 7.07.
Ratios To Look Out For
For context, Enovix Corporation’s Current Ratio is 5.49. Also, the Quick Ratio is 5.35, while the Cash Ratio stands at 3.38. Considering the valuation of this stock, the price to sales ratio is 51.07, the price to book ratio is 4.88.
Transactions by insiders
Recent insider trading involved Talluri Rajendra K, President and CEO, that happened on Feb 27 ’25 when 0.3 million shares were sold. Officer, Talluri Rajendra K completed a deal on Feb 27 ’25 to buy 0.3 million shares. Meanwhile, Director ATKINS BETSY S sold 75000.0 shares on Dec 03 ’24.
