Enovix Corporation’s recently made public that its Chief Legal Officer Chakravarthy Arthi unloaded Company’s shares for reported $0.46 million on Oct 14 ’24. In the deal valued at $13.00 per share,35,000 shares were sold. As a result of this transaction, Chakravarthy Arthi now holds 343,305 shares worth roughly $4.1 million.
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Then, Chakravarthy Arthi bought 35,000 shares, generating $447,650 in total proceeds.
Before that, Reichow Gregory sold 7,500 shares. Enovix Corporation shares valued at $91,050 were divested by the Director at a price of $12.14 per share. As a result of the transaction, Reichow Gregory now holds 8,129 shares, worth roughly $96978.97.
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 -6.87% to $11.93. Over the last five days, the stock has gained 0.97%. Enovix Corporation shares have fallen nearly -4.71% since the year began. Nevertheless, the stocks have risen 17.19% 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 $9.99, while 200 days put it at $10.53.
Levels Of Support And Resistance For ENVX Stock
The 24-hour chart illustrates a support level at 11.48, which if violated will result in even more drops to 11.02. On the upside, there is a resistance level at 12.60. A further resistance level may holdings at 13.26. The Relative Strength Index (RSI) on the 14-day chart is 58.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.87%. Stochastics %K at 87.19% indicates the stock is a selling.
How much short interest is there in Enovix Corporation?
A steep rise in short interest was recorded in Enovix Corporation stocks on 2024-09-30, growing by 3.93 million shares to a total of 53.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 49.51 million shares. There was a rise of 7.36%, 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.
