Enovix Corporation’s recent filing unveils that its Director ATKINS BETSY S unloaded Company’s shares for reported $0.73 million on Dec 03 ’24. In the deal valued at $9.73 per share,75,000 shares were sold. As a result of this transaction, ATKINS BETSY S now holds 99,497 shares worth roughly $1.43 million.
Then, ATKINS BETSY S bought 75,000 shares, generating $725,000 in total proceeds.
Before that, Chakravarthy Arthi sold 35,000 shares. Enovix Corporation shares valued at $455,000 were divested by the Chief Legal Officer at a price of $13.00 per share. As a result of the transaction, Chakravarthy Arthi now holds 343,305 shares, worth roughly $4.92 million.
Janney downgraded its Enovix Corporation [ENVX] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. William Blair began covering ENVX with “an Outperform” recommendation on December 18, 2023. TD Cowen revised its rating on July 21, 2023. It rated ENVX as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of ENVX
On Tuesday, Enovix Corporation [NASDAQ:ENVX] saw its stock jump 15.01% to $14.33. Over the last five days, the stock has gained 30.27%. Enovix Corporation shares have risen nearly 31.83% since the year began. Nevertheless, the stocks have risen 17.56% over the past one year. While a 52-week high of $18.68 was reached on 01/07/25, a 52-week low of $5.70 was recorded on 01/02/25. SMA at 50 days reached $9.77, while 200 days put it at $10.47.
Levels Of Support And Resistance For ENVX Stock
The 24-hour chart illustrates a support level at 13.51, which if violated will result in even more drops to 12.70. On the upside, there is a resistance level at 15.67. A further resistance level may holdings at 17.02. The Relative Strength Index (RSI) on the 14-day chart is 75.87, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.78%. Stochastics %K at 88.37% 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 2024-12-13, growing by 3.56 million shares to a total of 49.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 46.33 million shares. There was a rise of 7.13%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 11, 2023 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.
