Stocks of Enovix Corporation (NASDAQ:ENVX) traded higher last session on Wall Street, up 1.00% to $9.10.
ENVX stock price is now -9.12% away from the 50-day moving average and -12.74% away from the 200-day moving average. The market capitalization of the company currently stands at $1.71B.
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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, Chakravarthy Arthi, Chief Legal Officer sold 35,000 shares of the company’s stock on Oct 14 ’24. The stock was sold for $455,000 at an average price of $13.00. Upon completion of the transaction, the Chief Legal Officer now directly owns 343,305 shares in the company, valued at $3.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 14 ’24, Officer Chakravarthy Arthi bought 35,000 shares of the business’s stock. A total of $447,650 was incurred on buying the stock at an average price of $12.79. A total of 16.37% 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 1.16, a current ratio of 3.77, and a quick ratio of 3.61. The fifty day moving average price for ENVX is $10.0183 and a two-hundred day moving average price translates $10.431775 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.
