In yesterday’s Wall Street session, Enovix Corporation (NASDAQ:ENVX) shares traded at $15.03, down -7.56% from the previous session.
ENVX stock price is now 56.38% away from the 50-day moving average and 44.46% away from the 200-day moving average. The market capitalization of the company currently stands at $2.56B.
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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, Reichow Gregory, Director sold 7,500 shares of the company’s stock on Jun 20 ’24. The stock was sold for $91,050 at an average price of $12.14. Upon completion of the transaction, the Director now directly owns 8,129 shares in the company, valued at $0.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 14 ’24, Chief Operating Officer Marathe Ajay sold 4,954 shares of the business’s stock. A total of $36,214 was realized by selling the stock at an average price of $7.31. This leaves the insider owning 978,913 shares of the company worth $14.71 million. A total of 17.66% 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 $9.7776 and a two-hundred day moving average price translates $10.405775 for the stock.
The latest earnings results from Enovix Corporation (NASDAQ: ENVX) was released for 2024-03-31. 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.
