In a filing, Enovix Corporation revealed its Director Reichow Gregory unloaded Company’s shares for reported $91050.0 on Jun 20 ’24. In the deal valued at $12.14 per share,7,500 shares were sold. As a result of this transaction, Reichow Gregory now holds 8,129 shares worth roughly $69746.82.
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Then, Marathe Ajay sold 4,954 shares, generating $36,214 in total proceeds. Upon selling the shares at $7.31, the Chief Operating Officer now owns 978,913 shares.
The Benchmark Company initiated its Enovix Corporation [ENVX] rating to a Buy in a research note published on July 22, 2024; the price target was $25. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in mid December with a ‘”an Outperform”‘ rating. TD Cowen also remained covering ENVX and has decreased its forecast on July 21, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. Canaccord Genuity started covering the stock on January 11, 2023. It rated ENVX as “a Buy”.
Price Performance Review of ENVX
On Tuesday, Enovix Corporation [NASDAQ:ENVX] saw its stock fall -8.14% to $8.58. Over the last five days, the stock has lost -3.70%. Enovix Corporation shares have fallen nearly -31.47% since the year began. Nevertheless, the stocks have fallen -31.63% over the past one year. While a 52-week high of $18.68 was reached on 07/16/24, a 52-week low of $5.70 was recorded on 04/25/24. SMA at 50 days reached $10.39, while 200 days put it at $10.62.
Levels Of Support And Resistance For ENVX Stock
The 24-hour chart illustrates a support level at 8.28, which if violated will result in even more drops to 7.99. On the upside, there is a resistance level at 9.09. A further resistance level may holdings at 9.61. The Relative Strength Index (RSI) on the 14-day chart is 41.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.61%. Stochastics %K at 48.51% indicates the stock is a holding.
How much short interest is there in Enovix Corporation?
A steep rise in short interest was recorded in Enovix Corporation stocks on 2024-09-13, growing by 5.62 million shares to a total of 52.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 47.15 million shares. There was a rise of 10.66%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 02, 2022 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $19 price target.
