Enovix Corporation (NASDAQ:ENVX) price on current trading day, fall -5.62% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.16.
A look at the stock’s price movement, the level at last check in today’s session was $8.65, moving within a range at $8.0301 and $8.45. The beta value (5-Year monthly) was 1.992. Turning to its 52-week performance, $18.68 and $5.27 were the 52-week high and 52-week low respectively. Overall, ENVX moved 2.17% over the past month.
Enovix Corporation’s market cap currently stands at around $1.57 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Apr-29.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 8 recommend ENVX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ENVX’s current price about 0.78% and 14.43% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.62, while 7-day volatility ratio is 1.60% and 3.97% in the 30-day chart. Further, Enovix Corporation (ENVX) has a beta value of 2.00, and an average true range (ATR) of 0.53. Analysts have given the company’s stock an average 52-week price target of $22, forecast between a low of $5 and high of $36. Looking at the price targets, the low is 38.73% off recent price level in today’s trading while to achieve the yearly target high, it has to move -341.18%. Nonetheless, investors will most likely welcome a -169.61% jump to $22 which is the analysts’ median price.
If we refocus on Enovix Corporation (NASDAQ:ENVX), historical trading data shows that trading volumes averaged 3.74 over the past 10 days and 4.83 million over the past 3 months. The company’s latest data on shares outstanding shows there are 191.72 million shares.
The 15.56% of Enovix Corporation’s shares are in the hands of company insiders while institutional holders own 49.28% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 45.83 million on 2025-05-30, giving us a short ratio of 9.91. The data shows that as of 2025-05-30 short interest in Enovix Corporation (ENVX) stood at 3200.9998000000005 of shares outstanding, with shares short falling to 46.67 million registered in 2025-04-30. Current price change has pushed the stock -24.90% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ENVX stock continues to rise going into the next quarter.
