Enovix (ENVX) to Release Earnings on Tuesday

Enovix (NASDAQ:ENVX) will likely be releasing its earnings data after the market closes on Tuesday, February 18th. Analysts expect Enovix to post earnings of ($0.19) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Enovix Stock Up 0.1 %

Shares of Enovix stock opened at $11.79 on Tuesday. The company has a quick ratio of 3.61, a current ratio of 3.77 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of $10.86 and a 200 day moving average price of $10.39. Enovix has a fifty-two week low of $5.70 and a fifty-two week high of $18.68. The firm has a market cap of $2.10 billion, a P/E ratio of -7.32 and a beta of 1.87.

Insider Buying and Selling at Enovix

In related news, Director Betsy S. Atkins sold 75,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $9.73, for a total value of $729,750.00. Following the completion of the transaction, the director now directly owns 99,497 shares of the company’s stock, valued at $968,105.81. This represents a 42.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 15.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on ENVX. JPMorgan Chase & Co. reduced their price objective on Enovix from $18.00 to $15.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 22nd. Benchmark restated a “buy” rating and issued a $25.00 price target on shares of Enovix in a research report on Wednesday, October 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $30.00 price objective on shares of Enovix in a research note on Wednesday, October 30th. Finally, Janney Montgomery Scott cut shares of Enovix from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

About Enovix

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.