Enovix Corporation (NASDAQ:ENVX) traded at $19.78 at close of the session on Friday, 01/07/22, made a downward move of -6.08% on its previous day’s price.
Looking at the stock we see that its previous close was $21.06 with the day’s price range being $19.50 – $21.55. In terms of its 52-week price range, ENVX has a high of $39.48 and a low of $11.65. The company’s stock has lost about -40.42% over that past 30 days.
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Enovix Corporation has a market cap of $3.06 billion and is expected to release its quarterly earnings report on Mar 07, 2022 – Mar 11, 2022. Estimates by analysts give the company expected earnings per share (EPS) of -$0.15, with the EPS growth for the year raised at -$0.55 for 2021 and -$0.68 for next year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ENVX stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Sell.
Based on estimates by 6 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Enovix Corporation (ENVX) stock as a Hold, while 6 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -23.40% off its SMA20 and -33.10% from its 50-day simple moving average. The RSI (14) is pointing at 31.23 while the volatility over the past week is 12.18% and jumps to 10.05% over the past one month. The average price target for the stock over the next 12 months is $43.17, with the estimates having a low of $32.00 and a high of $65.00. These price ends are -61.78% and -228.61% off the current price level respectively, although investors could be excited at the prospect of a -94.64% if the ENVX share price touches on the median price of $38.50.
Coming back to Enovix Corporation (NASDAQ:ENVX), we note that the average 3-month trading volume was 1.11 million. Current shares outstanding are 133.49 million.
The insiders hold 2.50% of the company’s shares while institutions hold 58.40%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -27.49% down in year-to-date price movement.