Enovix Corporation (NASDAQ:ENVX - Get Free Report) was the target of some unusual options trading activity on Thursday. Investors acquired 32,163 call options on the stock. This is an increase of approximately 106% compared to the average volume of 15,610 call options.
Enovix Trading Down 6.1%
NASDAQ:ENVX traded down $0.64 on Friday, hitting $9.89. The stock had a trading volume of 7,900,708 shares, compared to its average volume of 5,772,708. The company has a current ratio of 4.68, a quick ratio of 4.49 and a debt-to-equity ratio of 0.71. Enovix has a 1 year low of $5.27 and a 1 year high of $18.68. The firm's fifty day simple moving average is $7.72 and its two-hundred day simple moving average is $8.87.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on ENVX. Benchmark dropped their price target on shares of Enovix from $25.00 to $15.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. B. Riley dropped their price target on shares of Enovix from $17.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. JPMorgan Chase & Co. dropped their price target on shares of Enovix from $10.00 to $9.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Finally, TD Securities dropped their price target on shares of Enovix from $10.00 to $7.00 and set a "hold" rating on the stock in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $17.27.
View Our Latest Report on Enovix
Institutional Investors Weigh In On Enovix
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC purchased a new stake in shares of Enovix during the 4th quarter worth approximately $27,000. Stone House Investment Management LLC purchased a new stake in shares of Enovix during the 1st quarter worth approximately $37,000. Sava Infond d.o.o. purchased a new stake in shares of Enovix during the 4th quarter worth approximately $43,000. Parallel Advisors LLC increased its stake in shares of Enovix by 103.8% during the 1st quarter. Parallel Advisors LLC now owns 7,557 shares of the company's stock worth $55,000 after purchasing an additional 3,849 shares during the last quarter. Finally, Hollencrest Capital Management increased its stake in shares of Enovix by 61.4% during the 4th quarter. Hollencrest Capital Management now owns 5,256 shares of the company's stock worth $57,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 50.92% of the company's stock.
About Enovix
(
Get Free Report)
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.
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