Enovix Corporation (NASDAQ:ENVX) price on Thursday, May 09,rose 0.66% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $9.14.
A look at the stock’s price movement, the close in the last trading session was $9.08. Turning to its 52-week performance, $23.90 and $5.70 were the 52-week high and 52-week low respectively. Overall, ENVX moved 28.01% over the past month.
Enovix Corporation’s market cap currently stands at around $1.55 billion.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ENVX is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
ENVX’s current price about 26.81% and 15.98% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 61.74, while 7-day volatility ratio is 8.91% and 8.52% in the 30-day chart. Further, Enovix Corporation (ENVX) has a beta value of 1.78, and an average true range (ATR) of 0.73.
If we refocus on Enovix Corporation (NASDAQ:ENVX), historical trading data shows that trading volumes averaged 5.29 million over the past 3 months. The company’s latest data on shares outstanding shows there are 167.39 million shares.
The 18.79% of Enovix Corporation’s shares are in the hands of company insiders while institutional holders own 51.39% of the company’s shares. Current price change has pushed the stock -27.00% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ENVX stock continues to rise going into the next quarter.