Enovix Corporation (NASDAQ:ENVX) concluded the trading at $9.47 on Thursday, May 02, with a rise of 45.47% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $6.51 and 5Y monthly beta was reading 1.61. Considering stock’s 52-week price range provides that ENVX hit a high price of $23.90 and saw its price falling to a low level of $5.70 during that period. Over a period of past 1-month, stock came adding 24.44% in its value.
With its current market valuation of $1.60 billion, Enovix Corporation is set to declare its quarterly results on Apr 24, 2024 – Apr 29, 2024. Analysts are in estimates of -0.22 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -0.98 for current year with estimates of that growing to -0.84 in next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of 4.05M. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of 21.88M in current fiscal year, which will be 186.20% more from revenue generated by the company last year.
In contrast, when we review ENVX stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 100% Sell for it.
Digging deeper we become aware of the PEG ratio of the ENVX stock which is currently positioned at 0. It further provides that stock’s current price level is 41.10% away from its 20-day simple moving average and is 19.45% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 69.51 while volatility remained at 10.71% over the past week which changes to 7.76% when measuring it over the past month. Beta is valued at 1.69, while measure of average true range or ATR is currently at 0.70.
Having a second look at Enovix Corporation (NASDAQ:ENVX) provides that stock’s average daily trading volume for 3 months was 4.57 million. Number of outstanding shares of the stock stood at 167.39 million.
The percentage of outstanding shares held by the insiders is 18.79% while it is 51.84% for the institutional holders. Subtraction of -24.36% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
