Enovix Co. (NASDAQ:ENVX – Get Free Report) Director Gregory Reichow sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $12.14, for a total value of $91,050.00. Following the completion of the transaction, the director now directly owns 8,129 shares in the company, valued at $98,686.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Enovix Trading Down 7.6 %
ENVX opened at $15.03 on Thursday. Enovix Co. has a fifty-two week low of $5.70 and a fifty-two week high of $23.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.77 and a current ratio of 4.89. The company’s 50-day moving average is $9.97 and its 200 day moving average is $10.09.
Enovix (NASDAQ:ENVX – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.05). The company had revenue of $5.27 million during the quarter, compared to analysts’ expectations of $4.16 million. Enovix had a negative return on equity of 85.47% and a negative net margin of 1,448.90%. On average, equities research analysts anticipate that Enovix Co. will post -1.15 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
View Our Latest Report on ENVX
Hedge Funds Weigh In On Enovix
A number of hedge funds have recently bought and sold shares of ENVX. Corient Private Wealth LLC lifted its position in shares of Enovix by 1.9% during the fourth quarter. Corient Private Wealth LLC now owns 49,587 shares of the company’s stock valued at $621,000 after purchasing an additional 910 shares in the last quarter. Beacon Capital Management LLC lifted its position in shares of Enovix by 66.7% during the 4th quarter. Beacon Capital Management LLC now owns 2,500 shares of the company’s stock worth $31,000 after buying an additional 1,000 shares in the last quarter. Insight Advisors LLC PA boosted its stake in shares of Enovix by 3.2% in the 4th quarter. Insight Advisors LLC PA now owns 44,354 shares of the company’s stock worth $555,000 after buying an additional 1,370 shares during the last quarter. Scotia Capital Inc. grew its holdings in shares of Enovix by 7.7% in the third quarter. Scotia Capital Inc. now owns 19,680 shares of the company’s stock valued at $247,000 after acquiring an additional 1,410 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Enovix by 15.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 12,100 shares of the company’s stock valued at $152,000 after acquiring an additional 1,600 shares during the last quarter. 50.92% of the stock is owned by hedge funds and other institutional investors.
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.
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