Let’s start up with the current stock price of Enovix Corporation (ENVX), which is $8.23 to be very precise. The Stock rose vividly during the last session to $9.29 after opening rate of $8.27 while the lowest price it went was recorded $7.26 before closing at $7.51.Recently in News on May 11, 2022, Enovix Initiates Order of Next-Gen Equipment for Its Second Factory. Enovix Corporation (“Enovix”) (Nasdaq: ENVX) the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced it has begun placing equipment orders for its next-generation manufacturing lines (“Gen2”) for the company’s second location — Fab-2. Gen2 is designed to be faster and require a smaller footprint than the company’s existing manufacturing lines (“Gen1”) at the company’s first location in Fremont, Calif. You can read further details here
Enovix Corporation had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $28.17 on 01/03/22, with the lowest value was $7.26 for the same time period, recorded on 05/12/22.
Enovix Corporation (ENVX) full year performance was -31.81%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Enovix Corporation shares are logging -79.15% during the 52-week period from high price, and 9.88% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $7.49 and $39.48.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 3098677 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Enovix Corporation (ENVX) recorded performance in the market was -69.83%, having the revenues showcasing -48.43% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.30B, as it employees total of 215 workers.
Enovix Corporation (ENVX) in the eye of market guru’s
During the last month, 0 analysts gave the Enovix Corporation a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 15.36, with a change in the price was noted -17.68. In a similar fashion, Enovix Corporation posted a movement of -68.24% for the period of last 100 days, recording 1,418,882 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ENVX is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Enovix Corporation (ENVX): Stocks Technical analysis and Trends
Raw Stochastic average of Enovix Corporation in the period of last 50 days is set at 10.28%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 19.68%. In the last 20 days, the company’s Stochastic %K was 7.24% and its Stochastic %D was recorded 9.29%.
If we look into the earlier routines of Enovix Corporation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -69.83%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -71.83%, alongside a downfall of -31.81% for the period of the last 12 months. The shares increased approximately by -20.79% in the 7-day charts and went up by -27.74% in the period of the last 30 days. Common stock shares were lifted by -48.43% during last recorded quarter.