Enovix Corporation (NASDAQ:ENVX) shares traded 6.48% higher at $7.80 on Wall Street last session.
ENVX stock price is now -22.68% away from the 50-day moving average and -39.56% away from the 200-day moving average. The market capitalization of the company currently stands at $1.32B.
On July 21, 2023, TD Cowen Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock increasing its target price from $19 to quote $20, while ‘Canaccord Genuity’ rates the stock as ‘Buy’
In other news, Talluri Rajendra K, President and CEO bought 1,434 shares of the company’s stock on Aug 24 ’23. The stock was bought for $19,990 at an average price of $13.94. Upon completion of the transaction, the President and CEO now directly owns 2,018,901 shares in the company, valued at $15.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 11 ’23, Director ATKINS BETSY S sold 36,000 shares of the business’s stock. A total of $585,000 was realized by selling the stock at an average price of $16.25. This leaves the insider owning 159,369 shares of the company worth $1.24 million. A total of 18.08% of the company’s stock is owned by insiders.
During the past 12 months, Enovix Corporation has had a low of $7.05 and a high of $23.90. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 5.30, and a quick ratio of 5.15. The fifty day moving average price for ENVX is $10.10 and a two-hundred day moving average price translates $12.91 for the stock.
The latest earnings results from Enovix Corporation (NASDAQ: ENVX) was released for Dec, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at -$0.28, missing analysts’ expectations of -$0.27 by -0.01. This compares to -$0.07 EPS in the same period last year. The net profit margin was -2800.51% and return on equity was -69.66% for ENVX. The company reported revenue of $7.38 million for the quarter, compared to $1.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 575.3 percent. For the current quarter, analysts expect ENVX to generate $3.88M in revenue.
