In yesterday’s Wall Street session, Enovix Corporation (NASDAQ:ENVX) shares traded at $8.03, down -4.97% from the previous session.
ENVX stock price is now 14.15% away from the 50-day moving average and -13.20% away from the 200-day moving average. The market capitalization of the company currently stands at $1.54B.
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, Reichow Gregory, Director sold 8,129 shares of the company’s stock on May 02 ’25. The stock was sold for $53,408 at an average price of $6.57. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 27 ’25, President and CEO Talluri Rajendra K sold 300,000 shares of the business’s stock. A total of $2,805,000 was realized by selling the stock at an average price of $9.35. This leaves the insider owning 2,045,301 shares of the company worth $16.42 million. A total of 15.56% of the company’s stock is owned by insiders.
During the past 12 months, Enovix Corporation has had a low of $5.27 and a high of $18.68. As of last week, the company has a debt-to-equity ratio of 0.82, a current ratio of 4.68, and a quick ratio of 4.49.
The net profit margin was -870.67% and return on equity was -85.86% for ENVX. The company reported revenue of $5.1 million for the quarter, compared to $5.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.3 percent. For the current quarter, analysts expect ENVX to generate $5.48M in revenue.
