Enovix Co. (NASDAQ:ENVX – Get Free Report) COO Ajay Marathe sold 4,954 shares of the business’s stock in a transaction that occurred on Sunday, April 14th. The stock was sold at an average price of $7.31, for a total transaction of $36,213.74. Following the sale, the chief operating officer now owns 978,913 shares of the company’s stock, valued at approximately $7,155,854.03. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Enovix Stock Performance
Shares of Enovix stock traded up $0.32 during trading on Tuesday, reaching $7.02. The company’s stock had a trading volume of 6,744,139 shares, compared to its average volume of 4,311,817. The company has a 50-day moving average price of $9.08 and a two-hundred day moving average price of $10.39. The firm has a market cap of $1.18 billion, a PE ratio of -4.63 and a beta of 1.62. Enovix Co. has a fifty-two week low of $6.64 and a fifty-two week high of $23.90. The company has a current ratio of 5.30, a quick ratio of 5.15 and a debt-to-equity ratio of 0.65.
Enovix (NASDAQ:ENVX – Get Free Report) last announced its earnings results on Tuesday, February 20th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.01). The business had revenue of $7.38 million during the quarter, compared to analyst estimates of $3.37 million. Enovix had a negative net margin of 2,800.51% and a negative return on equity of 77.74%. On average, analysts forecast that Enovix Co. will post -1.13 EPS for the current year.
Analyst Ratings Changes
Check Out Our Latest Stock Report on ENVX
Hedge Funds Weigh In On Enovix
Several institutional investors have recently bought and sold shares of the company. Credit Suisse AG increased its stake in Enovix by 1.1% in the 2nd quarter. Credit Suisse AG now owns 55,808 shares of the company’s stock valued at $498,000 after buying an additional 603 shares during the period. Corient Private Wealth LLC increased its stake in Enovix by 1.9% in the 4th quarter. Corient Private Wealth LLC now owns 49,587 shares of the company’s stock valued at $621,000 after buying an additional 910 shares during the period. Beacon Capital Management LLC increased its stake in Enovix by 66.7% in the 4th quarter. Beacon Capital Management LLC now owns 2,500 shares of the company’s stock valued at $31,000 after buying an additional 1,000 shares during the period. Legal & General Group Plc increased its stake in Enovix by 0.8% in the 4th quarter. Legal & General Group Plc now owns 129,527 shares of the company’s stock valued at $1,622,000 after buying an additional 1,011 shares during the period. Finally, Amalgamated Bank increased its stake in Enovix by 5.9% in the 3rd quarter. Amalgamated Bank now owns 20,827 shares of the company’s stock valued at $261,000 after buying an additional 1,154 shares during the period. 50.92% of the stock is owned by institutional investors and hedge funds.
About Enovix
Enovix Corporation designs, develops, and manufactures lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.
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