Enovix Corporation (NASDAQ:ENVX) price on Thursday, May 01, fall -8.36% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.14.
A look at the stock’s price movement, the close in the last trading session was $6.70, moving within a range at $5.86 and $6.99. Turning to its 52-week performance, $18.68 and $5.27 were the 52-week high and 52-week low respectively. Overall, ENVX moved -17.47% over the past month.
Enovix Corporation’s market cap currently stands at around $1.18 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Apr-29.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ENVX is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 8 recommend ENVX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ENVX’s current price about -2.33% and -18.97% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.23, while 7-day volatility ratio is 8.47% and 10.63% in the 30-day chart. Further, Enovix Corporation (ENVX) has a beta value of 1.99, and an average true range (ATR) of 0.61. Analysts have given the company’s stock an average 52-week price target of $22, forecast between a low of $5 and high of $36. Looking at the price targets, the low is 18.57% off current price level while to achieve the yearly target high, price needs to move -486.32%. Nonetheless, investors will most likely welcome a -258.31% jump to $22 which is the analysts’ median price.
If we refocus on Enovix Corporation (NASDAQ:ENVX), historical trading data shows that trading volumes averaged 5.14 over the past 10 days and 5.73 million over the past 3 months. The company’s latest data on shares outstanding shows there are 190.56 million shares.
The 15.56% of Enovix Corporation’s shares are in the hands of company insiders while institutional holders own 48.46% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 47.54 million on 2025-04-15, giving us a short ratio of 8.16. The data shows that as of 2025-04-15 short interest in Enovix Corporation (ENVX) stood at 2819.9999999999995 of shares outstanding, with shares short rising to 47.09 million registered in 2025-03-14. Current price change has pushed the stock -43.51% 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.
