The price of Enovix Corporation (NASDAQ:ENVX) shares last traded on Wall Street fell -3.13% to $9.89.
ENVX stock price is now -2.06% away from the 50-day moving average and -4.49% away from the 200-day moving average. The market capitalization of the company currently stands at $1.86B.
On July 22, 2024, The Benchmark Company recently initiated its ‘Buy’ rating on the stock quoting a target price of $25, while ‘William Blair’ rates the stock as ‘Outperform’
In other news, ATKINS BETSY S, Director bought 75,000 shares of the company’s stock on Dec 03 ’24. The stock was bought for $725,000 at an average price of $9.67. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 14 ’24, Chief Legal Officer Chakravarthy Arthi sold 35,000 shares of the business’s stock. A total of $455,000 was realized by selling the stock at an average price of $13.00. This leaves the insider owning 343,305 shares of the company worth $3.4 million.
During the past 12 months, Enovix Corporation has had a low of $5.70 and a high of $18.68. As of last week, the company has a debt-to-equity ratio of 1.16, a current ratio of 3.77, and a quick ratio of 3.61. The fifty day moving average price for ENVX is $10.0689 and a two-hundred day moving average price translates $10.367125 for the stock.
The latest earnings results from Enovix Corporation (NASDAQ: ENVX) was released for 2024-09-29. The net profit margin was -1180.22% and return on equity was -116.53% for ENVX. The company reported revenue of $4.32 million for the quarter, compared to $0.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2058.5 percent.
