Enovix Corp Stock Performance

ENVX Stock  USD 12.46  0.25  2.05%   
On a scale of 0 to 100, Enovix Corp holds a performance score of 9. The firm shows a Beta (market volatility) of 4.07, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Enovix Corp will likely underperform. Please check Enovix Corp's maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Enovix Corp's price patterns will revert.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in Enovix Corp are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Enovix Corp showed solid returns over the last few months and may actually be approaching a breakup point. ...more

Actual Historical Performance (%)

One Day Return
2.05
Five Day Return
(0.88)
Year To Date Return
1.96
Ten Year Return
(0.72)
All Time Return
(0.72)
1
Wall Street Favorites 3 Battery Stocks With Strong Buy Ratings for April 2024
04/10/2024
2
Disposition of 4954 shares by Ajay Marathe of Enovix Corp at 7.31 subject to Rule 16b-3
04/12/2024
3
Enovix Corp Q1 2024 Earnings Surpasses Revenue Forecasts Despite Challenges
05/01/2024
4
Enovix lays off roughly one-third of staff in cost-cutting effort - report
05/06/2024
5
Disposition of 4284 shares by Raj Talluri of Enovix Corp at 9.08 subject to Rule 16b-3
05/08/2024
6
Institutional owners may consider drastic measures as Enovix Corporations recent US215m drop adds to long-term losses
05/13/2024
7
Enovix Unusual Options Activity For May 14
05/14/2024
8
Disposition of 17584 shares by Raj Talluri of Enovix Corp at 10.04 subject to Rule 16b-3
05/17/2024
9
Market Whales and Their Recent Bets on ENVX Options
05/24/2024
10
UBS Group AG Increases Stock Holdings in Enovix Co. - MarketBeat
06/05/2024
11
Disposition of 933 shares by Arthi Chakravarthy of Enovix Corp at 10.48 subject to Rule 16b-3
06/07/2024
12
Constellation Energy Corporation Soars 8.4 percent Is Further Upside Left in the Stock
06/11/2024
13
Acquisition by Reichow Gregory of 15128 shares of Enovix Corp subject to Rule 16b-3
06/13/2024
14
Enovix Sees Strong Trading Volume - Defense World
06/14/2024
15
Is Enovix Using Too Much Debt
06/18/2024
Begin Period Cash Flow323 M
  

Enovix Corp Relative Risk vs. Return Landscape

If you would invest  822.00  in Enovix Corp on March 22, 2024 and sell it today you would earn a total of  424.00  from holding Enovix Corp or generate 51.58% return on investment over 90 days. Enovix Corp is currently generating 0.9126% in daily expected returns and assumes 7.6406% risk (volatility on return distribution) over the 90 days horizon. In different words, 67% of stocks are less volatile than Enovix, and 82% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Expected Return   
       Risk  
Given the investment horizon of 90 days Enovix Corp is expected to generate 12.26 times more return on investment than the market. However, the company is 12.26 times more volatile than its market benchmark. It trades about 0.12 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly -0.02 per unit of risk.

Enovix Corp Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Enovix Corp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Enovix Corp, and traders can use it to determine the average amount a Enovix Corp's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.1194

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Estimated Market Risk

 7.64
  actual daily
67
67% of assets are less volatile

Expected Return

 0.91
  actual daily
18
82% of assets have higher returns

Risk-Adjusted Return

 0.12
  actual daily
9
91% of assets perform better
Based on monthly moving average Enovix Corp is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Enovix Corp by adding it to a well-diversified portfolio.

Enovix Corp Fundamentals Growth

Enovix Stock prices reflect investors' perceptions of the future prospects and financial health of Enovix Corp, and Enovix Corp fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Enovix Stock performance.

About Enovix Corp Performance

To evaluate Enovix Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Enovix Corp generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Enovix Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Enovix Corp market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Enovix's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Return On Tangible Assets(0.58)(0.55)
Days Of Inventory On Hand 8.96  7.97 
Return On Capital Employed(0.43)(0.46)
Return On Assets(0.58)(0.55)
Return On Equity(1.03)(0.98)

Things to note about Enovix Corp performance evaluation

Checking the ongoing alerts about Enovix Corp for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Enovix Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Enovix Corp is way too risky over 90 days horizon
Enovix Corp appears to be risky and price may revert if volatility continues
The company reported the previous year's revenue of 263 K. Net Loss for the year was (154.09 M) with loss before overhead, payroll, taxes, and interest of (17.04 M).
Enovix Corp currently holds about 384.73 M in cash with (77.41 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.45.
Enovix Corp has a poor financial position based on the latest SEC disclosures
Roughly 16.0% of the company shares are held by company insiders
Latest headline from simplywall.st: Is Enovix Using Too Much Debt
Evaluating Enovix Corp's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Enovix Corp's stock performance include:
  • Analyzing Enovix Corp's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Enovix Corp's stock is overvalued or undervalued compared to its peers.
  • Examining Enovix Corp's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Enovix Corp's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Enovix Corp's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Enovix Corp's stock. These opinions can provide insight into Enovix Corp's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Enovix Corp's stock performance is not an exact science, and many factors can impact Enovix Corp's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

Additional Tools for Enovix Stock Analysis

When running Enovix Corp's price analysis, check to measure Enovix Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enovix Corp is operating at the current time. Most of Enovix Corp's value examination focuses on studying past and present price action to predict the probability of Enovix Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enovix Corp's price. Additionally, you may evaluate how the addition of Enovix Corp to your portfolios can decrease your overall portfolio volatility.