Enovix Corporation (NASDAQ:ENVX) Shares Purchased by Register Financial Advisors LLC

Register Financial Advisors LLC boosted its position in shares of Enovix Corporation (NASDAQ:ENVX - Free Report) by 52.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 266,336 shares of the company's stock after acquiring an additional 91,486 shares during the quarter. Enovix comprises about 1.0% of Register Financial Advisors LLC's portfolio, making the stock its 24th largest position. Register Financial Advisors LLC owned about 0.14% of Enovix worth $1,955,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ENVX. Victory Capital Management Inc. raised its position in shares of Enovix by 6.8% in the fourth quarter. Victory Capital Management Inc. now owns 19,695 shares of the company's stock worth $214,000 after acquiring an additional 1,257 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Enovix by 6.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,413 shares of the company's stock worth $233,000 after purchasing an additional 1,336 shares during the period. Nwam LLC boosted its position in Enovix by 14.0% during the fourth quarter. Nwam LLC now owns 11,907 shares of the company's stock worth $129,000 after purchasing an additional 1,458 shares in the last quarter. Xponance Inc. grew its holdings in Enovix by 17.3% in the fourth quarter. Xponance Inc. now owns 11,810 shares of the company's stock valued at $128,000 after purchasing an additional 1,738 shares during the period. Finally, Arizona State Retirement System increased its position in shares of Enovix by 4.5% in the fourth quarter. Arizona State Retirement System now owns 43,464 shares of the company's stock valued at $472,000 after buying an additional 1,856 shares in the last quarter. Institutional investors and hedge funds own 50.92% of the company's stock.

Enovix Price Performance

Shares of ENVX stock traded up $0.49 during trading hours on Tuesday, reaching $8.60. The company had a trading volume of 3,738,204 shares, compared to its average volume of 5,881,089. Enovix Corporation has a 12-month low of $5.27 and a 12-month high of $18.68. The company has a debt-to-equity ratio of 0.71, a quick ratio of 4.49 and a current ratio of 4.68. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -6.67 and a beta of 2.00. The stock has a fifty day moving average of $7.45 and a 200-day moving average of $8.87.

Analysts Set New Price Targets

Several equities research analysts recently commented on ENVX shares. Benchmark cut their price target on shares of Enovix from $25.00 to $15.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut their target price on shares of Enovix from $10.00 to $9.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. B. Riley reduced their price target on shares of Enovix from $17.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, TD Securities lowered their price objective on Enovix from $10.00 to $7.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Enovix has a consensus rating of "Moderate Buy" and an average price target of $17.27.

Enovix Company Profile

Enovix Corporation designs develops and manufactures silicon-anode lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.