Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Enovix Corporation shares valued at $53,408 were sold by Reichow Gregory on May 02 ’25. At $6.57 per share, Reichow Gregory sold 8,129 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Talluri Rajendra K sold 300,000 shares, netting a total of over 2,805,000 in proceeds. Following the sale of shares at $9.35 each, the insider now holds 2,045,301 shares.
Before that, Talluri Rajendra K had added 300,000 shares to its account. In a trade valued at $2,889,000, the Officer bought Enovix Corporation shares for $9.63 each.
As published in a research note from Janney on October 31, 2024, Enovix Corporation [ENVX] has been rated down from a Buy to a Neutral. Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in late July. As of December 18, 2023, William Blair has initiated its “an Outperform” rating for ENVX. Earlier on July 21, 2023, TD Cowen downgraded its rating. Their new recommendation was “a Market perform” for ENVX stock which previously was a “an Outperform”.
Analyzing ENVX Stock Performance
On last trading session,, Enovix Corporation [NASDAQ: ENVX] rose 20.76% to $10.53. The stock’s lowest price that day was $8.765, but it reached a high of $10.57 in the same session. During the last five days, there has been a surge of approximately 23.88%. Over the course of the year, Enovix Corporation shares have dropped approximately -12.54%. Shares of the company reached a 52-week high of $16.20 on 01/07/25 and a 52-week low of $5.27 on 04/08/25.
Support And Resistance Levels for Enovix Corporation (ENVX)
According to the 24-hour chart, there is a support level at 9.33, which, if violated, would cause prices to drop to 8.13. In the upper region, resistance lies at 11.16. The next price resistance is at 11.80. RSI (Relative Strength Index) is 72.30 on the 14-day chart, showing overbought technical sentiment.
Is Enovix Corporation subject to short interest?
Stocks of Enovix Corporation saw a sharp rise in short interest on 2025-06-13 jumping by 0.45 million shares to 45.83 million. Data from Yahoo Finance shows that the short interest on 2025-05-15 was 45.38 million shares. A jump of 0.98% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 11.76 of the overall float, the days-to-cover ratio (short ratio) jumped to 11.76.
Which companies own the most shares of Enovix Corporation (ENVX)?
In terms of Enovix Corporation share price expectations, FactSet research, analysts set an average price target of 22 in the next 12 months, up nearly 152.29% from the previous closing price of $8.72. Analysts anticipate Enovix Corporation stock to reach 36 by 2025, with the lowest price target being 5. In spite of this, 9 analysts ranked Enovix Corporation stock as Buy at the end of 2025. On January 11, 2023, Canaccord Genuity assigned a price target of “a Buy” to the stock and initiated coverage with a $20.
