Enovix Corporation saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $18.68 on 07/16/24, while the lowest price for the same duration was marked at $5.70 on 04/25/24.
52-week price history of ENVX Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Enovix Corporation’s current trading price is -41.32% away from its 52-week high, while its distance from the 52-week low is 92.30%. The stock’s price range during the 52-week period has remained between $5.70 and $18.68. In the Industrials sector, the company’s shares saw a trading volume of around 1.22 million for the day, which was evidently lower than the average daily volume of 6.1 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Enovix Corporation (ENVX) has experienced a quarterly rise of 23.86% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.07B and boasts a workforce of 561 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 10.51, with a change in price of +2.04. Similarly, Enovix Corporation recorded 6,242,019 in trading volume during the last 100 days, posting a change of +22.90%.
Examining ENVX’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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 39.41%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 23.89%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 31.97% and 35.23%, respectively.
ENVX Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Year to date metric has recorded a gain of 0.84%.However, over the last six months, we can see a weaker performance of 11.73%. Over the last 30 days, the price of ENVX has fallen by 2.25%. And in the last five days, it has surged by 3.70%.
