Enovix Corporation (NASDAQ:ENVX) shares, rose in value on Wednesday, July 09, with the stock price up by 2.08% to the previous day’s close as strong demand from buyers drove the stock to $13.72.
Actively observing the price movement in the last trading, the stock closed the session at $13.44, falling within a range of $13.435 and $14.39. The value of beta (5-year monthly) was 1.992. Referring to stock’s 52-week performance, its high was $18.68, and the low was $5.27. On the whole, ENVX has fluctuated by 65.10% over the past month.
With the market capitalization of Enovix Corporation currently standing at about $2.63 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Apr-30.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ENVX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of ENVX currently trading nearly 39.12% and 63.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 80.35, while the 7-day volatility ratio is showing 9.29% which for the 30-day chart, stands at 7.73%. Furthermore, Enovix Corporation (ENVX)’s beta value is 2.06.
A comparison of Enovix Corporation (ENVX) with its peers suggests the former has fared considerably weaker in the market. ENVX showed an intraday change of 2.08% in last session, and over the past year, it grew by 26.22%%.
Data on historical trading for Enovix Corporation (NASDAQ:ENVX) indicates that the trading volumes over the past 10 days have averaged 11.15 and over the past 3 months, they’ve averaged 5.45 million. According to company’s latest data on outstanding shares, there are 192.00 million shares outstanding.
Nearly 15.62% of Enovix Corporation’s shares belong to company insiders and institutional investors own 49.21% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 45.83 million shares as on 2025-06-13, resulting in a short ratio of 11.76. According to the data, the short interest in Enovix Corporation (ENVX) stood at 3201.00 of shares outstanding as of 2025-06-13; the number of short shares registered in 2025-05-15 reached 45.38 million. The stock has fallen by -14.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ENVX stock heading into the next quarter.
