Enovix Corporation (NASDAQ: ENVX) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Enovix to Release Fourth Quarter and Full Year 2023 Financial Results on February 20, 2024.

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Stocks Info

Enovix Corporation is listed on the NASDAQ as a member of the Industrials sector and is a part of the Electrical Equipment & Parts industry. At the end of the last regular session, the stock closed at $10.70 and fluctuated between $10.78 as its day high and $9.61 as its day low. The current market capitalization of Enovix Corporation is $1.80B. A total of 5.6 million shares were traded on the day, compared to an average of 4.10M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ENVX has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 107,017 shares. Over the last 12 months, there were 35 BUYs and 44 SELLs from insiders. Insiders purchased 1,307,798 shares during that period but sold 263,671.

In the most recent transaction, Talluri Rajendra K bought 1,434 shares of ENVX for 13.94 per share on Aug 24. After the transaction, the President and CEO now owns 2,018,901 company shares. In a previous transaction on Aug 11, ATKINS BETSY S sold 36,000 shares at 16.25 per share. ENVX shares that Director owns now total 159,369.

Among the insiders who sold shares, ATKINS BETSY S disposed of 4,528 shares on Jun 20 at a per-share price of $15.02. This resulted in the Director holding 195,369 shares of ENVX after the transaction. In another insider transaction, Talluri Rajendra K bought 5,000 shares at $10.10 per share on Apr 27. Company shares held by the President and CEO now total 2,010,000.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ENVX in the last 3 months, the mean price target is $28.67 with high estimates of $100.00 and low estimates of $11.00. In terms of 52-week highs and lows, ENVX has a high of $23.90 and a low of $7.92.

As of this writing, ENVX has an earnings estimate of $Entera Bio Ltd. per share for the current quarter. EPS was calculated based on a consensus of Enovix Corporation estimates, with a high estimate of $NOVONIX Limited – American Depo per share and a lower estimate of $Envestnet, Inc.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ENVX’s latest balance sheet shows that the firm has $385.29M in Cash & Short Term Investments as of fiscal 2021. There were $9.07M in debt and $20.64M in liabilities at the time. Its Book Value Per Share was $1.56, while its Total Shareholder’s Equity was $326.12M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ENVX is Buy with a score of 4.85.

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