The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a gain of 6.44%.However, over the last six months, we can see a stronger performance of -24.13%. Over the last 30 days, the price of ENVX has fallen by 42.49%. And in the last five days, it has surged by 9.56%.
Enovix Corporation experienced a rather steady stock market performance. The highest value in the past year was recorded at $18.68 on 07/16/24 and the lowest value was $5.70 on 04/25/24.
52-week price history of ENVX Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Enovix Corporation’s current trading price is -38.06% away from its 52-week high, while its distance from the 52-week low is 102.98%. The stock’s price range during this period has varied between$5.70 and $18.68. The Enovix Corporation’s shares, which operate in the Industrials, saw a trading volume of around 2.18 million for the day, a figure considerably lower than their average daily volume of 6.73 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Enovix Corporation (ENVX) has experienced a quarterly rise of 1.05% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.18B and boasts a workforce of 561 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 9.99, with a change in price of +1.37. Similarly, Enovix Corporation recorded 6,263,698 in trading volume during the last 100 days, posting a change of +13.44%.
ENVX’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for ENVX stands at 1.16. Similarly, the long-term debt-to-equity ratio is also 1.09.
ENVX Stock Stochastic Average
Enovix Corporation’s raw stochastic average for the past 50 days is presently 46.45%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 40.89%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 38.84% and 36.44%, respectively.
