Enovix Co. (NASDAQ:ENVX – Get Free Report) saw unusually large options trading activity on Wednesday. Traders acquired 36,196 call options on the stock. This represents an increase of 38% compared to the average volume of 26,183 call options.
Enovix Stock Up 14.7 %
Shares of ENVX stock opened at $11.75 on Thursday. The company has a current ratio of 11.07, a quick ratio of 11.05 and a debt-to-equity ratio of 0.67. Enovix has a 1 year low of $6.50 and a 1 year high of $23.90. The firm’s fifty day moving average price is $11.62 and its two-hundred day moving average price is $14.06. The firm has a market capitalization of $1.88 billion, a P/E ratio of -6.99 and a beta of 1.65.
Insiders Place Their Bets
In other news, Director Betsy S. Atkins sold 36,000 shares of Enovix stock in a transaction on Friday, August 11th. The shares were sold at an average price of $16.25, for a total transaction of $585,000.00. Following the transaction, the director now directly owns 159,369 shares of the company’s stock, valued at $2,589,746.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 17.30% of the company’s stock.
Institutional Investors Weigh In On Enovix
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on ENVX shares. Craig Hallum lifted their price target on shares of Enovix from $15.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. TD Cowen cut shares of Enovix from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $19.00 to $20.00 in a research report on Friday, July 21st. B. Riley cut their price objective on shares of Enovix from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Cantor Fitzgerald boosted their price objective on shares of Enovix from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.11.
Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.
- Five stocks we like better than Enovix
- The How and Why of Investing in Gold Stocks
- Investing in large cap stocks: Diving into big caps
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Why you can make Vertex Pharmaceuticals a buy on any pullback
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Occidental Petroleum: Another bounce from the buy zone
Receive News & Ratings for Enovix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enovix and related companies with MarketBeat.com's FREE daily email newsletter.