At the time of writing, Enovix Corporation [ENVX] stock is trading at $13.03, up 14.40%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ENVX shares have gain 31.75% over the last week, with a monthly amount glided 54.20%, 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.
For the past year, the stock price of Enovix Corporation fluctuated between $5.27 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 $13.03 at the most recent close of the market. An investor can expect a potential return of 62.47% based on the average ENVX price forecast.
Analyzing the ENVX fundamentals
According to Enovix Corporation [NASDAQ:ENVX], the company’s sales were 26.63M for trailing twelve months, which represents an 99.04% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.82.
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 12.02 points at the first support level, and at 11.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.70, and for the 2nd resistance point, it is at 14.38.
Ratios To Look Out For
It is important to note that Enovix Corporation [NASDAQ:ENVX] has a current ratio of 4.68. Further, the Quick Ratio stands at 4.49, while the Cash Ratio is 3.29. Considering the valuation of this stock, the price to sales ratio is 93.95, the price to book ratio is 10.62.
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.
