Enovix Corporation (NASDAQ:ENVX) shares, rose in value on Thursday, March 27, with the stock price down by -1.60% to the previous day’s close as strong demand from buyers drove the stock to $8.01.
Actively observing the price movement in the last trading, the stock closed the session at $8.14, falling within a range of $7.92 and $8.37. The value of beta (5-year monthly) was 1.926. Referring to stock’s 52-week performance, its high was $18.68, and the low was $5.70. On the whole, ENVX has fluctuated by -16.82% over the past month.
With the market capitalization of Enovix Corporation currently standing at about $1.53 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-18.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 35M, with a low estimate of 4M and a high estimate of 5.5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.72M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ENVX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of ENVX currently trading nearly -1.79% and -19.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.95, while the 7-day volatility ratio is showing 6.65% which for the 30-day chart, stands at 7.41%. Furthermore, Enovix Corporation (ENVX)’s beta value is 1.94, and its average true range (ATR) is 0.65.
A comparison of Enovix Corporation (ENVX) with its peers suggests the former has fared considerably weaker in the market. ENVX showed an intraday change of -1.60% in last session, and over the past year, it grew by 2.04%%.
Data on historical trading for Enovix Corporation (NASDAQ:ENVX) indicates that the trading volumes over the past 10 days have averaged 3.97 and over the past 3 months, they’ve averaged 6.30 million. According to company’s latest data on outstanding shares, there are 190.56 million shares outstanding.
Nearly 14.80% of Enovix Corporation’s shares belong to company insiders and institutional investors own 48.43% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 47.09 million shares as on 2025-03-14, resulting in a short ratio of 7.17. According to the data, the short interest in Enovix Corporation (ENVX) stood at 2794.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 44.54 million. The stock has fallen by -26.31% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ENVX stock heading into the next quarter.
