Shares of Enovix Co. (NASDAQ:ENVX – Get Rating) have been given an average rating of “Buy” by the six analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $33.00.
Several equities analysts recently commented on the company. Craig Hallum dropped their target price on Enovix from $50.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, March 4th. Zacks Investment Research downgraded shares of Enovix from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th.
In related news, Director J Daniel Mccranie bought 20,000 shares of the company’s stock in a transaction dated Tuesday, March 8th. The stock was bought at an average price of $14.57 per share, with a total value of $291,400.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thurman J. Rodgers bought 100,000 shares of the company’s stock in a transaction dated Monday, May 23rd. The stock was bought at an average cost of $9.00 per share, with a total value of $900,000.00. Following the transaction, the director now directly owns 400,000 shares in the company, valued at approximately $3,600,000. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 123,500 shares of company stock worth $1,242,150.
NASDAQ:ENVX opened at $12.89 on Friday. The business has a 50 day simple moving average of $10.96 and a 200-day simple moving average of $17.71. Enovix has a 1 year low of $7.26 and a 1 year high of $39.48. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of -12.28 and a beta of 1.90.
Enovix (NASDAQ:ENVX – Get Rating) last issued its quarterly earnings data on Wednesday, May 11th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.03). On average, analysts expect that Enovix will post -0.63 earnings per share for the current year.
About Enovix (Get Rating)
Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.
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