Stocks of Enovix Corporation (NASDAQ:ENVX) traded higher last session on Wall Street, up 2.12% to $10.58.
ENVX stock price is now 34.09% away from the 50-day moving average and -1.83% away from the 200-day moving average. The market capitalization of the company currently stands at $1.80B.
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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, Marathe Ajay, Chief Operating Officer sold 4,954 shares of the company’s stock on Apr 14 ’24. The stock was sold for $36,214 at an average price of $7.31. Upon completion of the transaction, the Chief Operating Officer now directly owns 978,913 shares in the company, valued at $10.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 24 ’23, President and CEO Talluri Rajendra K bought 1,434 shares of the business’s stock. A total of $19,990 was incurred on buying the stock at an average price of $13.94. This leaves the insider owning 2,018,901 shares of the company worth $21.36 million. A total of 18.78% of the company’s stock is owned by insiders.
During the past 12 months, Enovix Corporation has had a low of $5.70 and a high of $23.90. As of last week, the company has a debt-to-equity ratio of 0.84, a current ratio of 4.89, and a quick ratio of 4.77. The fifty day moving average price for ENVX is $7.8901 and a two-hundred day moving average price translates $10.777325 for the stock.
The latest earnings results from Enovix Corporation (NASDAQ: ENVX) was released for 2024-03-31. According to the Electrical Equipment & Parts Company, earnings per share came in at -0.19, beating analysts’ expectations of -0.22 by 0.03. This compares to -$0.47 EPS in the same period last year. The net profit margin was -1448.90% and return on equity was -69.02% for ENVX. The company reported revenue of $5.27 million for the quarter, compared to $21000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25004.76 percent. For the current quarter, analysts expect ENVX to generate $3.75M in revenue.
