Enovix Corporation [ENVX] stock prices are up 4.85% to $6.48 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ENVX shares have gain 5.54% over the last week, with a monthly amount glided 18.68%, and 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.
The stock price of Enovix Corporation [ENVX] has been fluctuating 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 $6.48 at the most recent close of the market. An investor can expect a potential return of 226.7% based on the average ENVX price forecast.
Analyzing the ENVX fundamentals
The Enovix Corporation [NASDAQ:ENVX] reported sales of 22.90M for trailing twelve months, representing a drop of -3.30%. Gross Profit Margin for this corporation currently stands at 0.0% with Operating Profit Margin at -9.39%, Pretax Profit Margin comes in at -8.78%, and Net Profit Margin reading is -8.71%. To continue investigating profitability, this company’s Return on Assets is posted at -0.4, Equity is -0.97 and Total Capital is -0.49. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.82.
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 6.25 points at the first support level, and at 6.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.67, and for the 2nd resistance point, it is at 6.87.
Ratios To Look Out For
It’s worth pointing out that Enovix Corporation [NASDAQ:ENVX]’s Current Ratio is 4.68. On the other hand, the Quick Ratio is 4.49, and the Cash Ratio is 3.29. Considering the valuation of this stock, the price to sales ratio is 54.33, the price to book ratio is 5.28.
Transactions by insiders
Recent insider trading involved Reichow Gregory, Director, that happened on May 02 ’25 when 8129.0 shares were sold. President and CEO, Talluri Rajendra K completed a deal on Feb 27 ’25 to sell 0.3 million shares. Meanwhile, Officer Talluri Rajendra K bought 0.3 million shares on Feb 27 ’25.
