Enovix Corporation (NASDAQ:ENVX) shares traded 9.36% higher at $12.79 on Wall Street last session.
ENVX stock price is now 28.34% away from the 50-day moving average and 21.38% away from the 200-day moving average. The market capitalization of the company currently stands at $2.25B.
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With the price target of $25, The Benchmark Company recently initiated with Buy rating for Enovix Corporation (NASDAQ: ENVX). , while ‘TD Cowen’ rates the stock as ‘Market Perform’
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 $0.1 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 $12.52 million. A total of 16.44% 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 $18.68. As of last week, the company has a debt-to-equity ratio of 1.14, a current ratio of 3.98, and a quick ratio of 3.84. The fifty day moving average price for ENVX is $9.9654 and a two-hundred day moving average price translates $10.537475 for the stock.
The latest earnings results from Enovix Corporation (NASDAQ: ENVX) was released for 2024-06-30. The net profit margin was -1434.34% and return on equity was -114.18% for ENVX. The company reported revenue of $3.77 million for the quarter, compared to $42000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8871.43 percent.
