Enovix Co. (NASDAQ:ENVX – Get Rating) saw unusually large options trading on Monday. Traders bought 11,494 call options on the company. This is an increase of approximately 38% compared to the typical daily volume of 8,359 call options.
Enovix Stock Performance
NASDAQ:ENVX opened at $10.99 on Wednesday. The company has a market capitalization of $1.73 billion, a P/E ratio of -9.64 and a beta of 0.99. The stock’s 50 day moving average price is $8.67 and its 200 day moving average price is $13.33. Enovix has a 52 week low of $6.50 and a 52 week high of $26.30.
Wall Street Analyst Weigh In
ENVX has been the subject of a number of analyst reports. Piper Sandler upped their price objective on shares of Enovix from $22.50 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, February 23rd. B. Riley reduced their price target on shares of Enovix from $19.00 to $18.00 in a research report on Wednesday, January 4th. EF Hutton Acquisition Co. I reiterated a “buy” rating and set a $18.00 price objective on shares of Enovix in a research report on Thursday, February 23rd. JPMorgan Chase & Co. reduced their target price on Enovix from $28.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, January 26th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $25.00 price target on shares of Enovix in a report on Friday, March 10th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $27.92.
Insider Transactions at Enovix
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. acquired a new stake in Enovix in the 3rd quarter worth approximately $26,000. Endurance Wealth Management Inc. bought a new stake in shares of Enovix during the 4th quarter worth $25,000. Belpointe Asset Management LLC acquired a new position in Enovix in the 4th quarter valued at $25,000. Quantbot Technologies LP bought a new position in Enovix in the 2nd quarter worth $26,000. Finally, Emerald Advisers LLC acquired a new position in Enovix during the 3rd quarter worth $62,000. Institutional investors and hedge funds own 55.62% of the company’s stock.
Enovix Company Profile
Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.
- Get a free copy of the StockNews.com research report on Enovix (ENVX)
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