Enovix Corp Stock Price Prediction

ENVX Stock  USD 17.37  0.89  4.87%   
At this time, The relative strength index (RSI) of Enovix Corp's share price is at 59 suggesting that the stock is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Enovix Corp, making its price go up or down.

Oversold Vs Overbought

59

 
Oversold
 
Overbought
The successful prediction of Enovix Corp's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with Enovix Corp, which may create opportunities for some arbitrage if properly timed. Below are the key fundamental drivers impacting Enovix Corp's stock price prediction:
EPS Estimate Next Quarter
(0.22)
EPS Estimate Current Year
(0.91)
EPS Estimate Next Year
(0.73)
Wall Street Target Price
29.5
EPS Estimate Current Quarter
(0.29)
Using Enovix Corp hype-based prediction, you can estimate the value of Enovix Corp from the perspective of Enovix Corp response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Enovix Corp using Enovix Corp's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Enovix using crowd psychology based on the activity and movement of Enovix Corp's stock price.

Enovix Corp Short Interest

An investor who is long Enovix Corp may also wish to track short interest. As short interest increases, investors should be becoming more worried about Enovix Corp and may potentially protect profits, hedge Enovix Corp with its derivative instruments, or be ready for some potential downside.
200 Day MA
10.6188
Short Percent
0.3664
Short Ratio
6.47
Shares Short Prior Month
42 M
50 Day MA
12.3914

Enovix Corp Hype to Price Pattern

Investor biases related to Enovix Corp's public news can be used to forecast risks associated with an investment in Enovix. The trend in average sentiment can be used to explain how an investor holding Enovix can time the market purely based on public headlines and social activities around Enovix Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Enovix Corp's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Enovix Corp.

Enovix Corp Implied Volatility

    
  145.37  
Enovix Corp's implied volatility exposes the market's sentiment of Enovix Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Enovix Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Enovix Corp stock will not fluctuate a lot when Enovix Corp's options are near their expiration.
The fear of missing out, i.e., FOMO, can cause potential investors in Enovix Corp to buy its stock at a price that has no basis in reality. In that case, they are not buying Enovix because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.

Enovix Corp after-hype prediction price

    
  USD 16.87  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.

Prediction based on Rule 16 of the current Enovix contract

Based on the Rule 16, the options market is currently suggesting that Enovix Corp will have an average daily up or down price movement of about 9.09% per day over the life of the 2024-07-19 option contract. With Enovix Corp trading at USD 17.37, that is roughly USD 1.58 . If you think that the market is fully incorporating Enovix Corp's daily price movement you should consider acquiring Enovix Corp options at the current volatility level of 145.37%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
Check out Enovix Corp Basic Forecasting Models to cross-verify your projections.
For more information on how to buy Enovix Stock please use our How to Invest in Enovix Corp guide.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enovix Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Intrinsic
Valuation
LowRealHigh
11.6720.3228.97
Details
Naive
Forecast
LowNextHigh
9.2117.8626.50
Details
12 Analysts
Consensus
LowTargetHigh
29.2032.0935.62
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.27-0.23-0.16
Details

Enovix Corp After-Hype Price Prediction Density Analysis

As far as predicting the price of Enovix Corp at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Enovix Corp or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Enovix Corp, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Enovix Corp Estimiated After-Hype Price Volatility

In the context of predicting Enovix Corp's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Enovix Corp's historical news coverage. Enovix Corp's after-hype downside and upside margins for the prediction period are 8.22 and 25.52, respectively. We have considered Enovix Corp's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
17.37
16.87
After-hype Price
25.52
Upside
Enovix Corp is somewhat reliable at this time. Analysis and calculation of next after-hype price of Enovix Corp is based on 3 months time horizon.

Enovix Corp Stock Price Prediction Analysis

Have you ever been surprised when a price of a Company such as Enovix Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Enovix Corp backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Enovix Corp, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  2.07 
8.65
  0.50 
  0.13 
9 Events / Month
3 Events / Month
In about 9 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
17.37
16.87
2.88 
3,604  
Notes

Enovix Corp Hype Timeline

Enovix Corp is currently traded for 17.37. The entity has historical hype elasticity of -0.5, and average elasticity to hype of competition of 0.13. Enovix is anticipated to decline in value after the next headline, with the price expected to drop to 16.87. The average volatility of media hype impact on the company price is over 100%. The price decrease on the next news is expected to be -2.88%, whereas the daily expected return is currently at 2.07%. The volatility of related hype on Enovix Corp is about 13951.61%, with the expected price after the next announcement by competition of 17.50. About 16.0% of the company shares are held by company insiders. The company recorded a loss per share of 1.19. Enovix Corp had not issued any dividends in recent years. Given the investment horizon of 90 days the next anticipated press release will be in about 9 days.
Check out Enovix Corp Basic Forecasting Models to cross-verify your projections.
For more information on how to buy Enovix Stock please use our How to Invest in Enovix Corp guide.

Enovix Corp Related Hype Analysis

Having access to credible news sources related to Enovix Corp's direct competition is more important than ever and may enhance your ability to predict Enovix Corp's future price movements. Getting to know how Enovix Corp's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Enovix Corp may potentially react to the hype associated with one of its peers.

Enovix Corp Additional Predictive Modules

Most predictive techniques to examine Enovix price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Enovix using various technical indicators. When you analyze Enovix charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Enovix Corp Predictive Indicators

The successful prediction of Enovix Corp stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Enovix Corp, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Enovix Corp based on analysis of Enovix Corp hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Enovix Corp's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Enovix Corp's related companies.
 2010 2024 (projected)
Receivables Turnover36.4829.18
Current Ratio14.312.89

Story Coverage note for Enovix Corp

The number of cover stories for Enovix Corp depends on current market conditions and Enovix Corp's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Enovix Corp is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Enovix Corp's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Enovix Corp Short Properties

Enovix Corp's future price predictability will typically decrease when Enovix Corp's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Enovix Corp often depends not only on the future outlook of the potential Enovix Corp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Enovix Corp's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding158.3 M

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.