Enovix Corp Stock Performance
| ENVX Stock | USD 14.64 0.09 0.62% |
Enovix Corp holds a performance score of 14 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.5, 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. Use Enovix Corp maximum drawdown, as well as the relationship between the skewness and day typical price , to analyze future returns on Enovix Corp.
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 14 (%) of all global equities and portfolios over the last 90 days. In spite of fairly inconsistent 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 (3.77) | Five Day Return (9.01) | Year To Date Return 19.07 | Ten Year Return 15.94 | All Time Return 15.94 |
1 | Enovix lays off roughly one-third of staff in cost-cutting effort - report | 05/06/2024 |
2 | Disposition of 4284 shares by Raj Talluri of Enovix Corp at 9.08 subject to Rule 16b-3 | 05/08/2024 |
3 | Disposition of 17584 shares by Raj Talluri of Enovix Corp at 10.04 subject to Rule 16b-3 | 05/17/2024 |
4 | Disposition of 2212 shares by Arthi Chakravarthy of Enovix Corp at 10.81 subject to Rule 16b-3 | 05/24/2024 |
5 | Disposition of 933 shares by Arthi Chakravarthy of Enovix Corp at 10.48 subject to Rule 16b-3 | 06/07/2024 |
6 | Small-Cap Sorcerers 3 Stocks Conjuring Up Magical Returns from Humble Beginnings | 06/11/2024 |
7 | Acquisition by Reichow Gregory of 15128 shares of Enovix Corp subject to Rule 16b-3 | 06/13/2024 |
8 | Disposition of 7324 shares by Ajay Marathe of Enovix Corp at 12.2 subject to Rule 16b-3 | 06/14/2024 |
9 | Disposition of 17584 shares by Raj Talluri of Enovix Corp at 12.46 subject to Rule 16b-3 | 06/18/2024 |
10 | Disposition of 1834 shares by Thurman Rodgers of Enovix Corp subject to Rule 16b-3 | 06/21/2024 |
11 | Disposition of 2212 shares by Arthi Chakravarthy of Enovix Corp at 12.04 subject to Rule 16b-3 | 06/24/2024 |
12 | Stocks making the biggest moves midday SolarEdge Technologies, Pool Corp, Carnival and more | 06/25/2024 |
13 | Enovix Signs MOU with Leading Consumer Electronics Battery Pack Manufacturer | 06/26/2024 |
14 | Disposition of 7500 shares by Reichow Gregory of Enovix Corp at 12.14 subject to Rule 16b-3 | 07/03/2024 |
15 | Enovix Co. Given Average Rating of Buy by Analysts - MarketBeat | 07/05/2024 |
16 | Enovix Corporation Is It One of the Most Shorted Stocks That Are Loved by Analysts | 07/08/2024 |
17 | Enovixs Options Frenzy What You Need to Know | 07/12/2024 |
18 | Enovix to Release Second Quarter 2024 Financial Results on July 31, 2024 | 07/17/2024 |
19 | Institutional investors may adopt severe steps after Enovix Corporations latest 17 percent drop adds to a year losses | 07/23/2024 |
20 | Bloom Energy May Report Negative Earnings Know the Trend Ahead of Q2 Release | 07/25/2024 |
| Begin Period Cash Flow | 323 M |
Enovix |
Enovix Corp Relative Risk vs. Return Landscape
If you would invest 649.00 in Enovix Corp on April 27, 2024 and sell it today you would earn a total of 815.00 from holding Enovix Corp or generate 125.58% return on investment over 90 days. Enovix Corp is currently generating 1.6453% in daily expected returns and assumes 8.7624% risk (volatility on return distribution) over the 90 days horizon. In different words, 77% of stocks are less volatile than Enovix, and 68% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| 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 = 0.1878
| Best Portfolio | Best Equity | |||
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| Average Returns | ENVX | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 8.76 actual daily | 77 77% of assets are less volatile |
Expected Return
| 1.65 actual daily | 32 68% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Enovix Corp is performing at about 14% 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.
| Return On Equity | -0.69 | |||
| Return On Asset | -0.27 | |||
| Operating Margin | (13.30) % | |||
| Current Valuation | 2.69 B | |||
| Shares Outstanding | 170 M | |||
| Price To Earning | 25.20 X | |||
| Price To Book | 11.31 X | |||
| Price To Sales | 201.05 X | |||
| Revenue | 263 K | |||
| Gross Profit | (17.04 M) | |||
| EBITDA | (165.48 M) | |||
| Net Income | (154.09 M) | |||
| Cash And Equivalents | 384.73 M | |||
| Cash Per Share | 2.45 X | |||
| Total Debt | 5.92 M | |||
| Debt To Equity | 0.02 % | |||
| Current Ratio | 22.79 X | |||
| Book Value Per Share | 1.35 X | |||
| Cash Flow From Operations | (77.41 M) | |||
| Earnings Per Share | (1.19) X | |||
| Market Capitalization | 2.75 B | |||
| Total Asset | 564.3 M | |||
| Retained Earnings | (598.85 M) | |||
| Working Capital | 262.16 M | |||
About Enovix Corp Performance
Evaluating Enovix Corp's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Enovix Corp has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Enovix Corp has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected 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 zacks.com: Bloom Energy May Report Negative Earnings Know the Trend Ahead of Q2 Release |
- 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.
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.