2 weeks Ago By Defense World Staff
Enovix Co. ( NASDAQ:ENVX – Get Free Report ) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 52,780,000 shares, a growth of 6.
6% from the August 31st total of 49,510,000 shares. Based on an average trading volume of 6,240,000 shares, the days-to-cover ratio is presently 8.5 days.
Currently, 35.8% of the company’s stock are sold short. Analyst Upgrades and Downgrades A number of brokerages recently issued reports on ENVX.
Cantor Fitzgerald restated an “overweight” rating and issued a $30.00 target price on shares of Enovix in a research note on Thursday, August 1st. Craig Hallum lifted their target price on Enovix from $15.
00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Benchmark initiated coverage on shares of Enovix in a research note on Monday, July 22nd.
They set a “buy” rating and a $25.00 price target on the stock. Oppenheimer restated an “outperform” rating and issued a $36.
00 price target on shares of Enovix in a research report on Monday, August 26th. Finally, B. Riley upgraded Enovix to a “strong-buy” rating in a report on Tuesday, June 25th.
One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $21.
33. Check Out Our Latest Report on ENVX Enovix Stock Down 2.1 % Enovix ( NASDAQ:ENVX – Get Free Report ) last issued its earnings results on Wednesday, July 31st.
The company reported ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.
04. The company had revenue of $3.77 million for the quarter, compared to analysts’ expectations of $3.
85 million. Enovix had a negative net margin of 1,434.34% and a negative return on equity of 91.
21%. Equities analysts anticipate that Enovix will post -1.21 earnings per share for the current year.
Institutional Investors Weigh In On Enovix Several large investors have recently added to or reduced their stakes in ENVX. Blue Trust Inc. grew its holdings in Enovix by 102.
1% in the 2nd quarter. Blue Trust Inc. now owns 1,894 shares of the company’s stock worth $29,000 after buying an additional 957 shares in the last quarter.
GAMMA Investing LLC lifted its stake in shares of Enovix by 11,176.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,368 shares of the company’s stock worth $37,000 after acquiring an additional 2,347 shares during the period.
Strategic Investment Solutions Inc. IL bought a new position in shares of Enovix in the second quarter valued at approximately $39,000. Able Wealth Management LLC bought a new stake in Enovix during the fourth quarter worth approximately $34,000.
Finally, Voisard Asset Management Group Inc. acquired a new stake in Enovix in the fourth quarter worth approximately $50,000. 50.
92% of the stock is owned by institutional investors and hedge funds. Enovix Company Profile ( Get Free Report ) 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. Read More Five stocks we like better than Enovix Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index TJX Stock: A Buying Opportunity Before the Holiday Rush What is a SEC Filing? Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge Conference Calls and Individual Investors Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth 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 .
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