Shares of Enovix Co. (NASDAQ:ENVX – Get Rating) have been given a consensus rating of “Buy” by the six ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $33.00.
ENVX has been the subject of a number of recent research reports. Zacks Investment Research upgraded Enovix from a “sell” rating to a “hold” rating in a research note on Tuesday, January 11th. Craig Hallum reduced their price objective on Enovix from $50.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, March 4th. Piper Sandler cut their price target on Enovix from $39.00 to $35.00 in a research note on Tuesday, January 11th. Finally, Cowen began coverage on Enovix in a research note on Tuesday, January 4th. They issued an “outperform” rating and a $32.00 price target for the company.
In other news, CEO Harrold J. Rust bought 3,500 shares of the business’s stock in a transaction on Tuesday, March 8th. The shares were bought at an average price of $14.50 per share, with a total value of $50,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J Daniel Mccranie bought 20,000 shares of the business’s stock in a transaction on Tuesday, March 8th. The stock was purchased at an average cost of $14.57 per share, for a total transaction of $291,400.00. The disclosure for this purchase can be found here.
NASDAQ ENVX opened at $11.71 on Thursday. The stock has a 50-day simple moving average of $14.47 and a two-hundred day simple moving average of $21.05. Enovix has a fifty-two week low of $11.22 and a fifty-two week high of $39.48.
Enovix (NASDAQ:ENVX – Get Rating) last released its quarterly earnings data on Thursday, March 3rd. The company reported ($0.60) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.44). Analysts forecast that Enovix will post -0.67 EPS for the current year.
About Enovix (Get Rating)
Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was incorporated in 2006 and is headquartered in Fremont, California.
- Get a free copy of the StockNews.com research report on Enovix (ENVX)
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